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Autor
Nguyen Huan Huu (University of Economics Ho Chi Minh City), Phan Truc Thi Nha (University of Economics Ho Chi Minh City), Ngo Vu Minh (University of Economics Ho Chi Minh City)
Tytuł
The Impact of the COVID-19 Pandemic on the Performance and Risk Profile of Airline Stocks
Źródło
Contemporary Economics, 2022, vol. 16, nr 3, s. 257-275, rys., tab., aneks, bibliogr. 36 poz.
Słowa kluczowe
COVID-19, Pandemia, Linie lotnicze, Akcje, Stopa zwrotu akcji
COVID-19, Pandemic, Airlines, Shares, Stock rate of returns
Uwagi
Klasyfikacja JEL: G14, G15, L93
summ.
The research is funded by the University of Economics Ho Chi Minh City (UEH).
Abstrakt
The COVID-19 outbreak dealt a severe blow to the global economy, especially to the airline industry, due to worldwide lockdown measures implemented by the authorities. This paper aims to investigate the impact of the COVID-19 pandemic on the airline stock performance of seven markets in Asia and three other markets in Australia, Germany and the United States. The data is collected from 42 airline firms from 2019 to 2020. The research outcomes indicate that: (a) COVID-19 only temporarily impacts stock returns; (b) Market values plunge immediately after the first confirmed case, and it still shows no evidence of returning to the price levels before the outbreak; (c) COVID-19 has a significant impact on stock volatility; (d) Most stocks do not illustrate any higher exposure to systematic risks. (original abstract)
Pełny tekst
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Bibliografia
Pokaż
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Cytowane przez
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ISSN
2084-0845
Język
eng
URI / DOI
http://dx.doi.org/10.5709/ce.1897-9254.481
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