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

[41] The impact of supply chain disruptions on stock market returns during COVID-19
Nguemgaing, Helene Flore
Sant'Anna, Ana Claudia
AGRICULTURAL FINANCE REVIEW, 2022, 82 (04) : 732 - 764
[42] CEO/board medical background and stock returns during the COVID-19 pandemic
Zhao, Jing
Cao, June
Huang, Jingchang
ECONOMIC MODELLING, 2023, 127
[43] Indian Migrant Workers' Experience During the COVID-19 Pandemic Nationwide Lockdown
Kumar, Navin
Udah, Hyacinth
Francis, Abraham
Singh, Sanchita
Wilson, Anica
JOURNAL OF ASIAN AND AFRICAN STUDIES, 2022, 57 (05) : 911 - 931
[44] Understanding the impact of Covid-19 on Indian tourism sector through time series modelling
Arshad, Md Ozair
Khan, Shahbaz
Haleem, Abid
Mansoor, Hannan
Arshad, Md Osaid
Arshad, Md Ekrama
JOURNAL OF TOURISM FUTURES, 2023, 9 (01) : 101 - 115
[45] Risk spillover from crude oil prices to GCC stock market returns: New evidence during the COVID-19 outbreak
Abuzayed, Bana
Al-Fayoumi, Nedal
NORTH AMERICAN JOURNAL OF ECONOMICS AND FINANCE, 2021, 58
[46] Attention to the Fads and Fashions in the Indian Stock Markets During COVID-19
Sinha, Paritosh Chandra
VISION-THE JOURNAL OF BUSINESS PERSPECTIVE, 2023, 27 (02) : 202 - 224
[47] A longitudinal observation of general psychopathology before the COVID-19 outbreak and during lockdown in Italy
Castellini, Giovanni
Rossi, Eleonora
Cassioli, Emanuele
Sanfilippo, Giulia
Innocenti, Matteo
Gironi, Veronica
Silvestri, Caterina
Voller, Fabio
Ricca, Valdo
JOURNAL OF PSYCHOSOMATIC RESEARCH, 2021, 141
[48] Impact of lockdown on emergency general surgery during first 2020 COVID-19 outbreak
Kurihara, Hayato
Marrano, Enrico
Ceolin, Martina
Chiara, Osvaldo
Faccincani, Roberto
Bisagni, Pietro
Fattori, Luca
Zago, Mauro
EUROPEAN JOURNAL OF TRAUMA AND EMERGENCY SURGERY, 2021, 47 (03) : 677 - 682
[49] Online Education and the COVID-19 Outbreak: A Case Study of Online Teaching during Lockdown
Peimani, Nastaran
Kamalipour, Hesam
EDUCATION SCIENCES, 2021, 11 (02): : 1 - 16
[50] Describing the COVID-19 outbreak during the lockdown: fitting modified SIR models to data
Ianni, Aldo
Rossi, Nicola
EUROPEAN PHYSICAL JOURNAL PLUS, 2020, 135 (11):

← 1 2 3 4 5 →