Please use this identifier to cite or link to this item:
https://hdl.handle.net/20.500.14279/13636
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Zopiatis, Anastasios | - |
dc.contributor.author | Savva, Christos S. | - |
dc.contributor.author | Lambertides, Neophytos | - |
dc.contributor.author | Michael McAleer | - |
dc.date.accessioned | 2019-05-15T20:54:58Z | - |
dc.date.available | 2019-05-15T20:54:58Z | - |
dc.date.issued | 2019-03 | - |
dc.identifier.citation | Journal of Travel Research, 2019, vol. 58, no. 3, pp. 459-479 | en_US |
dc.identifier.issn | 15526763 | - |
dc.description.abstract | The 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.format | en_US | |
dc.language.iso | en | en_US |
dc.relation.ispartof | Journal of Travel Research | en_US |
dc.rights | © The Author(s) | en_US |
dc.subject | Econometric modeling | en_US |
dc.subject | Event study | en_US |
dc.subject | Stock market | en_US |
dc.subject | Unexpected nonmacroeconomic factors | en_US |
dc.title | Tourism stocks in times of crisis: an econometric investigation of unexpected nonmacroeconomic factors | en_US |
dc.type | Article | en_US |
dc.collaboration | Cyprus University of Technology | en_US |
dc.collaboration | Asia University | en_US |
dc.collaboration | University of Sydney Business School | en_US |
dc.collaboration | Erasmus University Rotterdam | en_US |
dc.collaboration | University of Madrid | en_US |
dc.collaboration | University of Canterbury | en_US |
dc.collaboration | Yokohama National University | en_US |
dc.subject.category | Economics and Business | en_US |
dc.journals | Open Access | en_US |
dc.country | Cyprus | en_US |
dc.country | Taiwan | en_US |
dc.country | Australia | en_US |
dc.country | Netherlands | en_US |
dc.country | Spain | en_US |
dc.country | New Zealand | en_US |
dc.country | Japan | en_US |
dc.subject.field | Social Sciences | en_US |
dc.publication | Peer Reviewed | en_US |
dc.identifier.doi | 10.1177/0047287517753998 | en_US |
dc.relation.issue | 3 | en_US |
dc.relation.volume | 58 | en_US |
cut.common.academicyear | 2018-2019 | en_US |
dc.identifier.spage | 459 | en_US |
dc.identifier.epage | 479 | en_US |
item.openairecristype | http://purl.org/coar/resource_type/c_6501 | - |
item.openairetype | article | - |
item.cerifentitytype | Publications | - |
item.grantfulltext | open | - |
item.languageiso639-1 | en | - |
item.fulltext | With Fulltext | - |
crisitem.journal.journalissn | 1552-6763 | - |
crisitem.journal.publisher | Sage | - |
crisitem.author.dept | Department of Hospitality and Tourism Management | - |
crisitem.author.dept | Department of Finance, Accounting and Management Science | - |
crisitem.author.dept | Department of Finance, Accounting and Management Science | - |
crisitem.author.faculty | Faculty of Tourism Management, Hospitality and Entrepreneurship | - |
crisitem.author.faculty | Faculty of Tourism Management, Hospitality and Entrepreneurship | - |
crisitem.author.faculty | Faculty of Tourism Management, Hospitality and Entrepreneurship | - |
crisitem.author.orcid | 0000-0002-5171-0200 | - |
crisitem.author.orcid | 0000-0001-6562-4816 | - |
crisitem.author.orcid | 0000-0003-2864-1793 | - |
crisitem.author.parentorg | Faculty of Tourism Management, Hospitality and Entrepreneurship | - |
crisitem.author.parentorg | Faculty of Management and Economics | - |
crisitem.author.parentorg | Faculty of Management and Economics | - |
Appears in Collections: | Άρθρα/Articles |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
Tourism Stocks in Times of Crisis.pdf | Open Access | 198.96 kB | Adobe PDF | View/Open |
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