Pokaż uproszczony rekord

dc.contributor.authorDayan, Volkan
dc.contributor.authorBolek, Monika
dc.contributor.authorTrinidad-Segovia, Juan E.
dc.date.accessioned2023-03-28T14:37:28Z
dc.date.available2023-03-28T14:37:28Z
dc.date.issued2023-03-27
dc.identifier.issn2391-6478
dc.identifier.urihttp://hdl.handle.net/11089/46427
dc.description.abstractThe purpose of the article/hypothesis: The purpose of the article is to analyse the relationship between stock prices of selected companies and COVID-19 cases in those countries where the tourism and banking sectors have a high share of national income, such as Croatia, Italy and Spain.Methodology: The methods used are Breakpoint Unit Root Tests to determine whether a time series is stationary or not, and ARDL cointegration technique for cointegration testing.Results of the research: It was found that the number of COVID-19 cases negatively impacted the tourism and banking market in surveyed EU countries.en
dc.language.isoen
dc.publisherWydawnictwo Uniwersytetu Łódzkiegopl
dc.relation.ispartofseriesFinanse i Prawo Finansowe;37pl
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0
dc.subjectCovid-19en
dc.subjectCoronavirusen
dc.subjectStock Pricesen
dc.subjectEU Countriesen
dc.subjectARDLen
dc.titleThe Impact of COVID-19 Cases on Stock Prices of Selected Companies Representing Tourism and Banking Sectorsen
dc.typeArticle
dc.page.number7-31
dc.contributor.authorAffiliationDayan, Volkan - Department of Banking and Insurance, Uzunkopru School of Applied Sciences Trakya University, Edirne-Turkeyen
dc.contributor.authorAffiliationBolek, Monika - Department of Corporate Finance, Faculty of Economics and Sociology, University of Lodz, Lodz-Polanden
dc.contributor.authorAffiliationTrinidad-Segovia, Juan E. - Department of Accounting and Financial, Faculty of Economics and Business, Universidad de Almeria, Almeria-Spainen
dc.identifier.eissn2353-5601
dc.referencesAcikgoz O. and Gunay A. (2020), The Early Impact of The COVID-19 Pandemic on the Global and Turkish Economy, Turkish Journal of Medical Sciences, 50(SI-1), pp. 520–526.en
dc.referencesAl‐Mughairi M. S. H., Bhaskar, P., Khalfan Hamood Alazri, A. (2021), The economic and social impact of COVID‐19 on tourism and hospitality industry: A case study from Oman, Journal of Public Affairs, pp. 1–11.en
dc.referencesAltay H. & Yilmaz A. (2016), Turkiye'de Ihracat Artislarinin Istihdam Uzerindeki Etkisinin Incelenmesi, Finans Politik ve Ekonomik Yorumlar Dergisi, pp. 75–86.en
dc.referencesBai J. and Perron P. (1998), Estimating and Testing Linear Models with Multiple Structural Changes, Econometrica, 66(1), pp. 47–78.en
dc.referencesBelloumi M. (2014), The Relationship Between Trade, FDI and Economic Growth in Tunisia: An application of the autoregressive distributed lag model, Economic Systems, 38(2), pp. 269-287.en
dc.referencesBeyer R. C., Franco-Bedoya S. Galdo V. (2021), Examining the Economic Impact Of COVID-19 in India Through Daily Electricity Consumption and Night Time Light Intensity, World Development, pp. 1–13.en
dc.referencesBrown R. L., Durbin J., Evans J. M. (1975), Techniques for Testing the Constancy of Regression Relationships Over Time, Journal of the Royal Statistical Society, pp. 149-192.en
dc.referencesCarrion-i-Silvestre J. L., Kim D., Perron P. (2009), GLS-Based Unit Root Tests with Multiple Structural Breaks Under Both the Null and the Alternative Hypotheses, Econometric Theory, pp. 1754–1792.en
dc.referencesCarter D., Mazumder S., Simkins, B., Sisneros E. (2022), The Stock Price Reaction of The COVID-19 Pandemic On The Airline, Hotel, And Tourism Industries, Finance Research Letters, pp. 1–15.en
dc.referencesDe la Fuente A. (2021), The Economic Consequences of COVID in Spain and How to Deal With Them, Applied Economic Analysis, pp. 90–104.en
dc.referencesDuasa J. (2007), Determinants of Malaysian Trade Balance: An ARDL Bound Testing Approach, Global Economic Review, 36(1), pp. 89-102.en
dc.referencesErdogan S. and Dayan V. (2019), Analysis of Relationship Between International Interest Rates and Cryptocurrency Prices: Case for Bitcoin and LIBOR, Blockchain Economics and Financial Market Innovation. Financial Innovations in the Digital Age. Editor: Umit Hacioglu, Springer, Switzerland.en
dc.referencesErdogan S. & Tatar H. E. (2021), Turkiye’de Uluslararasi Portföy Yatirimlarinin Icsel Faktorleri Uzerine Ardl Analizi. Uluslararasi Ekonomi ve Siyaset Bilimleri Akademik Arastirmalar Dergisi, 5(12), pp. 1–17.en
dc.referencesFezzi C. and Fanghella V. (2020), Real-time Estimation of The Short-Run Impact of COVID-19 on Economic Activity Using Electricity Market Data, Environmental and Resource Economics, 76(4), pp. 885–900.en
dc.referencesGanie I. R., Wani T. A., Yadav M. P. (2022), Impact Of COVID-19 Outbreak on the Stock Market: An Evidence From Select Economies, Business Perspectives and Research, pp. 1–15.en
dc.referencesGormsen N. J. and Koijen R. S. (2020), Coronavirus: Impact on Stock Prices and Growth Expectations, The Review of Asset Pricing Studies, 10(4), pp. 574–597.en
dc.referencesGoswami B., Mandal R., Nath H. K. (2021), COVID-19 Pandemic and Economic Performances of the States in India, Economic Analysis and Policy, pp. 461–479.en
dc.referencesHaacker M. (2004), The impact of HIV/AIDS on Government Finance and Public Services, The Macroeconomics of HIV/AIDS.en
dc.referencesHarris R. and Sollis R. (2003), Applied Time Series Modelling And Forecasting, Wiley.en
dc.referencesHenseler M., Maisonnave H., Maskaeva A. (2022), Economic impacts of COVID-19 on the tourism sector in Tanzania, Annals of Tourism Research Empirical Insights, pp. 1–12.en
dc.referencesHyndman R.J. and Athanasopoulos G. (2018), Forecasting: Principles and Practice, 2nd Edition, Otexts.en
dc.referencesIFC (2021), The Early Impact of COVID-19 on Financial Institutions, International Financial Corporation.en
dc.referencesJust M. and Echaust, K. (2021), Stock Market Returns, Volatility, Correlation and Liquidity During the COVID-19 Crisis: Evidence from the Markov switching approach, Finance Research Letters, pp. 1–8en
dc.referencesKapetanios G. (2005), Unit-Root Testing Against the Alternative Hypothesis of up to M Structural Breaks, Journal of Time Series Analysis, 26(1), pp. 123–133.en
dc.referencesKordestani A., Pashkevich, N., Oghazi, P., Sahamkhadam, M., Sohrabpour, V. (2022), Effects Of The COVID-19 Pandemic on Stock Price Performance Of Blockchain-Based Companies, Economic Research-Ekonomska Istraživanja, 35(1), pp. 3206–3224.en
dc.referencesKorinth B. (2022), Impact Of The COVID-19 Pandemic On International Tourism Income In Tourism Receiving Countries, Sustainability, pp. 1–12.en
dc.referencesLasaulce S., Zhang C., Varma V., Morărescz I. C. (2021), Analysis Of The Tradeoff Between Health and Economic Impacts of the COVID-19 Epidemic, Frontiers in Public Health, no. 9 pp. 1–13.en
dc.referencesLatorre G. (2020), Standing Firm on Shifting Sands, Global banking M&A Outlook H2 2020, KPMG International.en
dc.referencesLau L. J.(2020), The Impacts of the Trade War and the COVID-19 Epidemic on China-US Economic Relations, China Review, 20(4), pp. 1–38.en
dc.referencesLee J., and Strazicich M. C. (2003), Minimum Lagrange Multiplier Unit Root Test with Two Structural Breaks, Review of Economics and Statistics, 85(4), pp, 1082–1089.en
dc.referencesLee J. & Strazicich M. C. (2004), Minimum Lagrange Multiplier Unit Root Test with One Structural Break, Department of Economics Working Papers, no. 04-17.en
dc.referencesLiu Y., Cheng X., Liao S. S., Yang F. (2022), The Impact of COVID-19 on the Tourism and Hospitality Industry: Evidence From International Stock Markets, The North American Journal of Economics and Finance, pp. 1–23.en
dc.referencesLumsdaine R. L. and Papell D. H. (1997), Multiple Trend Breaks and the Unit-Root Hypothesis, Review of economics and Statistics, 79(2), pp. 212–218.en
dc.referencesMele M. and Magazzino C. (2021), Pollution, Economic Growth, And COVID-19 Deaths In India: Machine Learning Evidence, Environmental Science and Pollution Research, 28(3), pp. 2669–2677.en
dc.referencesNg S. and Perron P. (2001), Lag Length Selection and The Construction of Unit Root Tests with Good Size And Power, Econometrica, 69(6), pp. 1519–1554.en
dc.referencesNkoro E. and Uko A. K. (2016), Autoregressive Distributed Lag (ARDL) Cointegration Technique: Application and Interpretation, Journal of Statistical and Econometric Methods, vol. 5(4), pp. 63–91.en
dc.referencesOgundepo E., Folorunso S., Adekanmbi O., Akinsande O., Banjo O., Ogbuju E., Babajide O. (2020), An Exploratory Assessment of a Multidimensional Healthcare and Economic Data on COVID-19 In Nigeria, Data in Brief, pp. 1–14.en
dc.referencesPaprottka F. J., Rolfes S. B., Richter D. F., Kaye K. O. (2021), COVID-19 Pandemic: Evaluation of Socio-Economic Impact on Aesthetic Plastic Surgery Providers, Aesthetic Plastic Surgery, pp. 1877–1887.en
dc.referencesPata U. K. (2020), COVID-19 Induced Economic Uncertainty: A Comparison Between the United Kingdom and the United States, Ekonomika, 99(2), pp. 104–115.en
dc.referencesPerron P. (1989), The Great Crash, the Oil Price Shock, And the Unit Root Hypothesis, Econometrica: Journal of the Econometric Society, pp. 1361-1401.en
dc.referencesPerron P. (1997), Further Evidence on Breaking Trend Functions in Macroeconomic Variables, Journal of Econometrics, 80(2), pp. 355–385.en
dc.referencesPesaran M. H. & Shin Y. (1998), An Autoregressive Distributed-Lag Modelling Approach to Cointegration Analysis, Econometric Society Monographs, pp. 371–413.en
dc.referencesPesaran M. H., Shin Y., Smith R. J. (2001), Bounds Testing Approaches to the Analysis Of Level Relationships, Journal of Applied Econometrics, 16(3), pp. 289–326.en
dc.referencesRamelli S. and Wagner A. F. (2020), Feverish Stock Price Reactions to COVID-19, The Review of Corporate Finance Studies, 9(3), pp. 622–655.en
dc.referencesRasheed R., Rizwan A., Javed H., Sharif F., Zaidi A. (2021), Socio-Economic and Environmental Impacts Of COVID-19 Pandemic in Pakistan an Integrated Analysis, Environmental Science and Pollution Research, 28(16), pp. 19926–19943.en
dc.referencesShakil M. H., Tasnia M., Saiti B. (2018), Is Gold A Hedge or a Safe Haven? An Application of ARDL Approach, Journal of Economics, Finance and Administrative Science, 23(44), pp. 60-76.en
dc.referencesShrestha M. B. (2006), ARDL Modelling Approach to Cointegration Test. University of Wollongong, New South Wales, Australia and Nepal Rastra Bank – the Central bank of Nepal.en
dc.referencesUNWTO (2021), Recommendations for the Transition to a Green Travel and Tourism Economy, World Tourism Organization.en
dc.referencesWang C. H. (2020), A Three-Level Health Inspection Queue Based on Risk Screening Management Mechanism for Post-COVID Global Economic Recovery, IEEE Access, pp. 177604–177614.en
dc.referencesWang Q. and Han X. (2021), Spillover Effects of The United States Economic Slowdown Induced by COVID-19 Pandemic on Energy, Economy, And Environment In Other Countries, Environmental Research, pp. 1–10.en
dc.referencesWang Q. and Zhang F. (2021), What Does the China's Economic Recovery after COVID-19 Pandemic Mean for The Economic Growth and Energy Consumption of Other Countries?, Journal of Cleaner Production, pp. 1–20.en
dc.referencesYach D., Stuckler D., Brownell K. D. (2006), Epidemiologic and Economic Consequences of The Global Epidemics of Obesity and Diabetes, Nature medicine, 12(1), pp. 62–66.en
dc.referencesYoon Y. H. (2021), The Macroeconomic Implications of The COVID-19 Economic Crisis, Investigación Económica, 80(316), pp. 5–31.en
dc.referencesZivot E. and Andrews D. W. K. (1992), Further Evidence on the Great Crash, the Oil-Price Shock and the Unit-Root Hypothesis, Journal of Business & Economic Statistics, 20(1), pp. 25–44.en
dc.references(www1) Yahoo Finance – https://finance.yahoo.com/ [Accessed 24.06.2021].en
dc.references(www2) Our World in Data – https://ourworldindata.org/coronavirus [Accessed 24.07.2021].en
dc.contributor.authorEmailDayan, Volkan - volkandayan@trakya.edu.tr
dc.contributor.authorEmailBolek, Monika - monika.bolek@uni.lodz.pl
dc.contributor.authorEmailTrinidad-Segovia, Juan E. - jetrini@ual.es
dc.identifier.doi10.18778/2391-6478.1.37.01
dc.relation.volume1


Pliki tej pozycji

Thumbnail

Pozycja umieszczona jest w następujących kolekcjach

Pokaż uproszczony rekord

https://creativecommons.org/licenses/by-nc-nd/4.0
Poza zaznaczonymi wyjątkami, licencja tej pozycji opisana jest jako https://creativecommons.org/licenses/by-nc-nd/4.0