IDEAS home Printed from https://ideas.repec.org/a/taf/rcitxx/v23y2020i9p1138-1152.html
   My bibliography  Save this article

The vulnerability of tourism firms’ stocks to the terrorist incidents

Author

Listed:
  • Dlawar Mahdi Hadi
  • Salih Katircioglu
  • Cahit Adaoglu

Abstract

This study investigated the effects of terrorist attacks on the stock performance of tourism, travel, and leisure industries. The major tourist countries have been selected for this purpose. The novelty of this research is that not only it focuses on the relationship between terrorism and tourism stock performance and volatility but also uses an event study to examine this relationship. The results of this study revealed the significant effects of terrorist attacks on tourism firms’ performance and stock volatility in France, Spain, Thailand, Turkey, the United Kingdom, and the United States, while no significant effects were obtained for China and Germany. The overall panel event study analysis as well as the event study for individual countries illustrated the considerable adverse effects of terrorist attacks on firms’ performance in tourism, travel, and leisure industries.

Suggested Citation

  • Dlawar Mahdi Hadi & Salih Katircioglu & Cahit Adaoglu, 2020. "The vulnerability of tourism firms’ stocks to the terrorist incidents," Current Issues in Tourism, Taylor & Francis Journals, vol. 23(9), pages 1138-1152, May.
    • Handle: RePEc:taf:rcitxx:v:23:y:2020:i:9:p:1138-1152
    DOI: 10.1080/13683500.2019.1592124
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/13683500.2019.1592124
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/13683500.2019.1592124?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Olga Kosykh & Hanna Roh & Robert Hart, 2023. "Self-Expressiveness in Slow Tourism as a Sustainable Driver: The Trans-Siberian Railway Travel Experience," Sustainability, MDPI, vol. 15(10), pages 1-19, May.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:rcitxx:v:23:y:2020:i:9:p:1138-1152. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/rcit .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.