Measuring COVID-19 Effects on Stock Returns of Online Travel Agencies: Does International Diversification Matter?

  • Dickson Pastory College of Business Education (CBE), Mbeya, Tanzania
DOI: https://doi.org/10.47814/ijssrr.v6i7.1304
Keywords: Keywords: Covid-19; Online travel agencies; Stock performance; Panel ARDL; International Exposure

Abstract

The paper examine the effects of COVID-19 on stock perfomance of  14 online travelling agencies, Using panel regression distribution lag, I firstly observe short  and Long term adverse effects of  COVID -19 death cases and stock perfomance. on contrary the results indicate positive effects containment measures stringency on stock perfomance during the first wave alone. Secondly , OTAs with higher international diversification exhibited a better perfomance amid with strict measures. I ultimately conclude that the effect of COVID-19 were more pronounced in the first wave, I conclude by providing recomendation and implication.

Published
2023-07-11
How to Cite
Pastory, D. (2023). Measuring COVID-19 Effects on Stock Returns of Online Travel Agencies: Does International Diversification Matter?. International Journal of Social Science Research and Review, 6(7), 238-252. https://doi.org/10.47814/ijssrr.v6i7.1304
Issue
Vol 6 No 7 (2023): IJSSRR VOL 6 NO 7 2023 JULY
Section
Main Articles

Copyright (c) 2023 Dickson Pastory

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