Wu, Wenmin; Lee, Chien-chiang; Xing, Wenwu; Ho, Shan-Ju - In: Financial innovation : FIN 7 (2021), pp. 1-18
This research explored the effects of the coronavirus disease (COVID-19) outbreak on stock price movements of China …’s tourism industry by using an event study method. The results showed that the crisis negatively impacted tourism sector stocks … tourism industry. The empirical results can be used for future researchers to conduct a comparative study of cultural …