Measuring COVID-19 Effects on Stock Returns of Online Travel Agencies: Does International Diversification Matter?
DOI:
https://doi.org/10.47814/ijssrr.v6i7.1304Keywords:
Keywords: Covid-19; Online travel agencies; Stock performance; Panel ARDL; International ExposureAbstract
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.
Downloads
Published
Issue
Section
License
Authors retain copyright of their published work and grant the International Journal of Social Science Research and Review (IJSSRR) the right of first publication.
Articles published in IJSSRR are distributed under the terms of the Creative Commons Attribution 4.0 International License (CC BY 4.0), which permits use, distribution, and reproduction in any medium, provided that the original work is properly cited.
Authors are permitted to share, archive, and distribute the published version of their work, provided that proper acknowledgement of the original publication in IJSSRR is given.
