Lockdown, unlock, stock returns, and firm-specific characteristics: the Indian tourism sector during the Covid-19 outbreak

被引：28

作者：

Pandey, Dharen Kumar ^{[1
]}

Kumar, Rahul ^{[2
]}

机构：

[1] Magadh Univ, PG Dept Commerce, Bodh Gaya 824234, Bihar, India

[2] Indian Inst Management, Accounting & Finance, Ranchi, Bihar, India

来源：

CURRENT ISSUES IN TOURISM | 2022年 / 25卷 / 07期

关键词：

Tourism industry; covid-19; event study; firm-level variables; CROSS-SECTION; DISTRESS RISK; VOLATILITY; EQUITY;

D O I：

10.1080/13683500.2021.2005549

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Using the event study methodology, we find that the stock returns of the Indian tourism sector reacted differently to the announcements of nationwide lockdown and the Unlock 1.0. Using the cross-sectional regression, we find liquidity, volatility, solvency, and size as the primary drivers of CARs during the event windows. The findings will empower the decision-making abilities of the investors and firm managers.

引用

页码：1026 / 1032

页数：7

共 50 条

[21] Market overreaction, firm-specific information and macroeconomic variables in US and Chinese markets during COVID-19
Loang, Ooi Kok
Ahmad, Zamri
JOURNAL OF ECONOMIC STUDIES, 2022, 49 (08) : 1548 - 1565
[22] Investor Sentiment and Stock Returns During the COVID-19 Pandemic
Jiang, Baozhen
Zhu, Haojie
Zhang, Jinhua
Yan, Cheng
Shen, Rui
FRONTIERS IN PSYCHOLOGY, 2021, 12
[23] Endodontic Emergencies in Mumbai City during COVID-19 Lockdown and Different Phases of Unlock
Shinde, Omkar
Pawar, Ajinkya M.
Banga, Kulvinder Singh
Atram, Jatin
Wahjuningrun, Dian Agustin
INTERNATIONAL JOURNAL OF ENVIRONMENTAL RESEARCH AND PUBLIC HEALTH, 2021, 18 (14)
[24] Analysing the impact of lockdown due to the COVID-19 pandemic on the Indian electricity sector
Bhattacharya, Subhadip
Banerjee, Rangan
Liebman, Ariel
Dargaville, Roger
INTERNATIONAL JOURNAL OF ELECTRICAL POWER & ENERGY SYSTEMS, 2022, 141
[25] Impact of COVID-19 outbreak on patients with chronic illnesses during the lockdown
Ahmed, Hussain Gadelkarim
Abboh, Emad Abboh Abdallah
Alenazi, Fahaad Saleh
Abdalla, Rania Abdeen Hussain
Elagib, Halima M.
Elhussein, Gamal Eldin Mohamed Osman
Alanazi, Abdulrahman Sulaiman
Alreshidi, Fayez Saud
BIOSCIENCE RESEARCH, 2021, 18 (01): : 445 - 454
[26] Sustainability, Resilience, and Returns During COVID-19: Empirical Evidence from US and Indian Stock Markets
Yadav, Neetu
Bhama, Vandana
JOURNAL OF EMERGING MARKET FINANCE, 2023, 22 (02) : 215 - 238
[27] Freedom and stock market performance during Covid-19 outbreak
Erdem, Orhan
FINANCE RESEARCH LETTERS, 2020, 36
[28] COVID-19 Outbreak and Sectoral-Level Stock Returns in the Tehran Stock Exchange: An Event Study
Zarei, Samira
Honarmandi, Zahra
IRANIAN JOURNAL OF MANAGEMENT STUDIES, 2022, 15 (04) : 835 - 849
[29] Effect of COVID-19 Outbreak on Professional Approach of Dental Practitioners during Lockdown and Unlock Phases in North India-A Crossectional Survey
Sharma, Sunny
Gupta, Reecha
Gupta, Bhavna
JOURNAL OF RESEARCH IN MEDICAL AND DENTAL SCIENCE, 2021, 9 (12): : 465 - 469
[30] Energy Sector Of NSE- A Study During The Lockdown Of Covid-19
Boruah, Bhargav Gautam
Sharma, Shiv Kumar
PACIFIC BUSINESS REVIEW INTERNATIONAL, 2022, 14 (12): : 66 - 74

← 1 2 3 4 5 →