Performance of the Indian Tourism and Hospitality Stocks during the 2019-nCoV Outbreak - An Event Study using Stocks Listed on the NSE

Dharen Kumar Pandey, Vineeta Kumari
2020 Zenodo  
With a sample of 25 NSE listed stocks of the Indian tourism and hospitality industry using the event study methodology the hypothesis that "the 2019-nCoV outbreak had no impact on the stock prices of the tourism and hospitality industry" has been tested. The study evidence that the average abnormal returns (AARs), cumulative average abnormal returns (CAARs) and cumulative abnormal returns (CARs) are negative and significant for the long and the shorter event windows inferring that the global
more » ... demic has significantly impacted the performance of the stocks of the Indian tourism and hospitality industry.
doi:10.5281/zenodo.4698463 fatcat:zfceyrxgxnbgfo6bimxicdghvi