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This paper examines the short-term market reaction of European tourism and hospitality industry to the beginning of the …
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Purpose - The present research aims to examine a range of momentum trading strategies for the tourism and hospitality … hospitality and tourism sector. These results are robust to size, different formation and holding combinations, beta and turnover …. Research limitations/implications - Regarding the research limitations, this paper only considers the US tourism and …
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justice after the murder of George Floyd and the salience of the "defund the police" movement. We assess stakeholder beliefs … on the impact of protests on the stock prices of police-affiliated firms. In our survey experiment, laypeople and finance … exposed to protests were 20% less likely to hold police stocks, after the protests, than funds in areas without protests …
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We examine the post-IPO excess stock returns of hospitality firms from 1996 to 2012 and find underperformance relative to the market on average. However, there are large differences in returns and some firms significantly outperform. We demonstrate that a substantial portion of this variation...
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