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      The impact of the COVID-19 outbreak on Chinese-listed tourism stocks

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          Abstract

          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. Further quantile regression analyses supported the non-linear relationship between the government’s responses and stock returns. The results present that the resurgence of the virus in Beijing did bring about a short-term negative impact on the tourism industry. The empirical results can be used for future researchers to conduct a comparative study of cultural differences concerning government responses to the COVID-19.

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          COVID-19 pandemic, oil prices, stock market, geopolitical risk and policy uncertainty nexus in the US economy: Fresh evidence from the wavelet-based approach

          Arshian Sharif, Chaker Aloui, Larisa Yarovaya (2020)
          In this paper, we analyze the connectedness between the recent spread of COVID-19, oil price volatility shock, the stock market, geopolitical risk and economic policy uncertainty in the US within a time-frequency framework. The coherence wavelet method and the wavelet-based Granger causality tests applied to US recent daily data unveil the unprecedented impact of COVID-19 and oil price shocks on the geopolitical risk levels, economic policy uncertainty and stock market volatility over the low frequency bands. The effect of the COVID-19 on the geopolitical risk substantially higher than on the US economic uncertainty. The COVID-19 risk is perceived differently over the short and the long-run and may be firstly viewed as an economic crisis. Our study offers several urgent prominent implications and endorsements for policymakers and asset managers.
          Article 0 comments Cited 469 times – based on 0 reviews     Review now
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            Tourism and COVID-19: impacts and implications for advancing and resetting industry and research

            Marianna Sigala (2020)
            The paper aims to critically review past and emerging literature to help professionals and researchers alike to better understand, manage and valorize both the tourism impacts and transformational affordance of COVID-19. To achieve this, first, the paper discusses why and how the COVID-19 can be a transformational opportunity by discussing the circumstances and the questions raised by the pandemic. By doing this, the paper identifies the fundamental values, institutions and pre-assumptions that the tourism industry and academia should challenge and break through to advance and reset the research and practice frontiers. The paper continues by discussing the major impacts, behaviours and experiences that three major tourism stakeholders (namely tourism demand, supply and destination management organisations and policy makers) are experiencing during three COVID-19 stages (response, recovery and reset). This provides an overview of the type and scale of the COVID-19 tourism impacts and implications for tourism research.
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              Stock markets’ reaction to COVID-19: cases or fatalities?

              Badar Ashraf (2020)
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              Article 0 comments Cited 347 times – based on 0 reviews     Review now
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                Author and article information

                Contributors
                Shan-Ju Ho:
                ORCID: http://orcid.org/0000-0002-5886-5141
                shanju71@gmail.com
                Journal
                Journal ID (iso-abbrev): Financ Innov
                Title: Financial Innovation
                Publisher: Springer Berlin Heidelberg (Berlin/Heidelberg )
                ISSN (Electronic): 2199-4730
                Publication date (Electronic): 2 April 2021
                Publication date PMC-release: 2 April 2021
                Publication date (Print): 2021
                Volume: 7
                Issue: 1
                Electronic Location Identifier: 22
                Affiliations
                [1 ]GRID grid.260463.5, ISNI 0000 0001 2182 8825, School of Economics and Management, , Nanchang University, ; Nanchang, China
                [2 ]GRID grid.260463.5, ISNI 0000 0001 2182 8825, Research Center of the Central China for Economic and Social Development, , Nanchang University, ; Nanchang, China
                Author information
                http://orcid.org/0000-0002-5886-5141
                Article
                Publisher ID: 240
                DOI: 10.1186/s40854-021-00240-6
                PMC ID: 8017117
                PubMed ID: 35024277
                SO-VID: ca6ecf4c-4044-4107-8c87-18115ec33556
                Copyright © © The Author(s) 2021
                License:

                Open AccessThis article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/.

                History
                Date received : 7 December 2020
                Date accepted : 25 March 2021
                Funding
                Funded by: Jiangxi Humanities and Social Sciences Project of University
                Award ID: NO. JJ20125
                Award Recipient :
                Categories
                Subject: Research
                Custom metadata
                issue-copyright-statement © The Author(s) 2021

                Keywords: covid-19,tourism,event study method,stock market,china,g14,l83
                Data availability:
                Keywords: covid-19, tourism, event study method, stock market, china, g14, l83

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