This paper examines the impact of vaccination programs on the stock market volatility of the travel and leisure sector … decrease in the investment risk of travel and leisure companies. Vaccination results in a decrease in the volatility of stock …. Using daily data from 56 countries over the period from January 2020 to March 2021, we find that vaccination leads to a …

employed for vaccine news announcements between 2 January 2020 and 4 March 2022. Stock returns and volatility were analyzed … volatility was observed for Pfizer, Moderna, and the S&P 500 index stocks immediately before positive vaccine development …

policy influences the stock market volatility significantly more than the vaccination, regardless of firm size and industry … with the US stock market volatility during the pandemic period. Using the wavelet coherence analysis, we first find that … there is a positive relationship between the volatility and death tolls. Second, while in the short term the sizable …