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.
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页码：1026 / 1032
页数：7
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