Lockdown, unlock, stock returns, and firm-specific characteristics: the Indian tourism sector during the Covid-19 outbreak
Current Issues in Tourism
; : 7, 2021.
Article
in English
| Web of Science | ID: covidwho-1560094
ABSTRACT
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.
Full text:
Available
Collection:
Databases of international organizations
Database:
Web of Science
Language:
English
Journal:
Current Issues in Tourism
Year:
2021
Document Type:
Article
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