Russia-Ukraine War and the global tourism sector
A 13-day tale
Bibliographic Data
| ID | 21699377 |
|---|---|
| Authors | Dharen Kumar Pandey (0000-0002-0030-1781, Department of Commerce, Magadh University, Bodh Gaya, India, corresponding author), Rahul Kumar (0000-0003-4799-149X, Accounting and Finance, Indian Institute of Management, Ranchi, India) |
| Year | 2023 |
| Volume | 26 |
| Issue | 5 |
| Pages | 692-700 |
| Publication date | 2023-03-04 |
| 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 | 10.1080/13683500.2022.2081789 |
| OpenAlex | W4281752294 |
| Language | EN |
| Citations received | 15 |
| References cited | 25 |
Using the event study method, we examine the impacts of the Russia-Ukraine war 2022 on the global tourism sector stocks. The findings suggest that the impact is different for firms in different markets. While abnormal returns of firms in Europe, the Middle East, and Africa, as well as the Pacific, are significantly negative on the event day, those in the Americas11 Americas include Brazil, Canada, Mexico, and the United States. and Asia are insignificant. The cross-sectional analysis reveals that some country- and firm-specific variables significantly impact the cumulative abnormal returns
Asia pacific · China · Development economics · East Asia · Economics · Economy · Event study · Geography · Middle East · Tourism · Economic Sanctions and International Relations · Environmental and Biological Research in Conflict Zones
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| Citations per year | 5 |
|---|---|
| Citation span | 2023 - 2026 (4) |
| Highly cited | No |