Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.14279/13636
DC FieldValueLanguage
dc.contributor.authorZopiatis, Anastasios-
dc.contributor.authorSavva, Christos S.-
dc.contributor.authorLambertides, Neophytos-
dc.contributor.authorMichael McAleer-
dc.date.accessioned2019-05-15T20:54:58Z-
dc.date.available2019-05-15T20:54:58Z-
dc.date.issued2019-03-
dc.identifier.citationJournal of Travel Research, 2019, vol. 58, no. 3, pp. 459-479en_US
dc.identifier.issn15526763-
dc.description.abstractThe relationship between the tourism industry and unexpected nonmacro incidents has received limited academic coverage. As a result, the quantifiable impact of such events on tourism-specific stock values, both in terms of returns and volatility, remains grossly underexamined. Motivated by the reasoning that the well-established features inherent to the tourism industry may trigger a different pattern of stock price movement compared with other industries, and by using econometric methodology, this article investigates the reaction of five hospitality/tourism stock indices to 150 incidents, depicting major Acts of Terrorism, natural catastrophes, and War conflicts that have taken place since the year 2000. Empirical findings underscore the effect of such incidents on stock indices, with distinctive differences among the types and specificities of each event under investigation. This article contributes to the extant literature and enhances our conceptual capital pertaining to the tourism industry’s current financial practices related to stock performance and behavior.en_US
dc.formatpdfen_US
dc.language.isoenen_US
dc.relation.ispartofJournal of Travel Researchen_US
dc.rights© The Author(s)en_US
dc.subjectEconometric modelingen_US
dc.subjectEvent studyen_US
dc.subjectStock marketen_US
dc.subjectUnexpected nonmacroeconomic factorsen_US
dc.titleTourism stocks in times of crisis: an econometric investigation of unexpected nonmacroeconomic factorsen_US
dc.typeArticleen_US
dc.collaborationCyprus University of Technologyen_US
dc.collaborationAsia Universityen_US
dc.collaborationUniversity of Sydney Business Schoolen_US
dc.collaborationErasmus University Rotterdamen_US
dc.collaborationUniversity of Madriden_US
dc.collaborationUniversity of Canterburyen_US
dc.collaborationYokohama National Universityen_US
dc.subject.categoryEconomics and Businessen_US
dc.journalsOpen Accessen_US
dc.countryCyprusen_US
dc.countryTaiwanen_US
dc.countryAustraliaen_US
dc.countryNetherlandsen_US
dc.countrySpainen_US
dc.countryNew Zealanden_US
dc.countryJapanen_US
dc.subject.fieldSocial Sciencesen_US
dc.publicationPeer Revieweden_US
dc.identifier.doi10.1177/0047287517753998en_US
dc.relation.issue3en_US
dc.relation.volume58en_US
cut.common.academicyear2018-2019en_US
dc.identifier.spage459en_US
dc.identifier.epage479en_US
item.openairecristypehttp://purl.org/coar/resource_type/c_6501-
item.openairetypearticle-
item.cerifentitytypePublications-
item.grantfulltextopen-
item.languageiso639-1en-
item.fulltextWith Fulltext-
crisitem.journal.journalissn1552-6763-
crisitem.journal.publisherSage-
crisitem.author.deptDepartment of Hospitality and Tourism Management-
crisitem.author.deptDepartment of Finance, Accounting and Management Science-
crisitem.author.deptDepartment of Finance, Accounting and Management Science-
crisitem.author.facultyFaculty of Tourism Management, Hospitality and Entrepreneurship-
crisitem.author.facultyFaculty of Tourism Management, Hospitality and Entrepreneurship-
crisitem.author.facultyFaculty of Tourism Management, Hospitality and Entrepreneurship-
crisitem.author.orcid0000-0002-5171-0200-
crisitem.author.orcid0000-0001-6562-4816-
crisitem.author.orcid0000-0003-2864-1793-
crisitem.author.parentorgFaculty of Tourism Management, Hospitality and Entrepreneurship-
crisitem.author.parentorgFaculty of Management and Economics-
crisitem.author.parentorgFaculty of Management and Economics-
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