Can I read Spillovers from Tourism Demand to Tourism Equity Indices on EtoBox?

Spillovers from Tourism Demand to Tourism Equity Indices by Faruk Balli; Muhammad Abubakr Naeem; Hatice Ozer-Balli is a Social Sciences article available to read on EtoBox.

What is Spillovers from Tourism Demand to Tourism Equity Indices about?

In this article, we analyse the extent of the spillover from international tourism demand on tourism sector equity indices and find that the magnitude of the spillovers are quite dispersed across different markets, which is in line with previous studies. Novel to the literature, we examine the impact of solvency and profitability positions of the firms in the tourism equity indices on evaluating the magnitude of the spillovers from tourism demand to sector equity indices. Firms that have better solvency ratios and operated in deeper financial markets find their stock returns are affected less from the fluctuations in tourism demand. Profitability positions of the firms, however, do not have significant impact on explaining the spillovers.

Who reads Spillovers from Tourism Demand to Tourism Equity Indices?

Author

Faruk Balli; Muhammad Abubakr Naeem; Hatice Ozer-Balli

Publisher

SAGE Publications

Published

2021

Language

EN

Field

Social Sciences