Impact of the Russia–Ukraine war on hospitality equity markets
Balli F. Billah M. Chowdhury I.
December 2023SAGE Publications Inc.
Tourism Economics
2023#29Issue 82206 - 2215 pp.
This study explores the impact of the Russian–Ukraine war on the hospitality equity sector market for the selected 26 countries. It reveals a sharp spike in the return connectivity at the onset of the war. The return of the sector materializes more sensitivity when tourism demand from Russia and Ukraine is more extensive and when a country has a higher energy dependency on Russia. Overall results consistently stipulate the aspect of the efficient market hypothesis.
E34 , G12 , G14 , hospitality equity sectors/indices , J15 , return connectivity , Russia–Ukraine war , TVP-VAR connectedness
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Massey University, Auckland, New Zealand
Higher School of Economics and Business, Al-Farabi Kazakh National University, Almaty, Kazakhstan
Massey University
Higher School of Economics and Business
10 лет помогаем публиковать статьи Международный издатель
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