Chen, Ming-Hsiang; Liao, Chao-Ning; Huang, Shi-Shen - In: The Service Industries Journal 30 (2008) 2, pp. 171-184
This study investigates the effects of changes in monetary policy on the stock performance of hospitality firms (airlines, hotels, restaurants and tourism firms) in Hong Kong. Changes in the monetary policy environment are measured by changes in the discount rate. Among the four hospitality...