Time-varying foreign currency risk of world tourism industry
Effects of Covid-19
Bibliographic Data
| ID | 21699057 |
|---|---|
| Authors | Ekta Sikarwar (0000-0002-7761-900X, Indian Institute of Management Kozhikode, corresponding author) |
| Year | 2021 |
| Volume | 24 |
| Issue | 7 |
| Pages | 887-891 |
| Publication date | 2021-04-03 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Current Issues in Tourism (JOURNAL) |
| Journal identifiers | ISSN: 1368-3500 • E-ISSN: 1747-7603 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/13683500.2020.1868413 |
| OpenAlex | W3119118395 |
| Language | EN |
| Citations received | 4 |
| References cited | 16 |
The effect of excessive volatility in world market currencies caused by COVID-19, especially on the tourism industry, is pervasive. This paper examines the foreign currency risk of 131 tourism firms from 19 countries during the period of the COVID-19 pandemic and compares it with the pre-COVID-19 period to analyse the time-variation of firms’ exposure. The study provides evidence that firms face significantly higher currency risk during this pandemic, whereby firm-specific variables, such as operational efficiency, leverage and hedging, are significant determinants of firms’ currency risk in the tourism industry
Business · Currency · Economics · Foreign exchange · Foreign exchange risk · Geography · International economics · Monetary economics · Pandemic · Tourism · COVID-19 Pandemic Impacts · Risk Management in Financial Firms · Finance
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| Citations per year | 1 |
|---|---|
| Citation span | 2022 - 2025 (4) |
| Highly cited | No |