The Effect of European and Global Uncertainty on Stock Returns of Travel and Leisure Companies

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dc.contributor.authorErsan, Oğuz
dc.contributor.authorAkron, Sagi
dc.contributor.authorDemir, Ender
dc.date.accessioned2019-06-27T08:01:52Z
dc.date.available2019-06-27T08:01:52Z
dc.date.issued2019
dc.departmentFakülteler, İşletme Fakültesi, Muhasebe ve Finans Yönetimi Bölümüen_US
dc.description.abstractThis article aims to evaluate the impact of economic policy uncertainty (EPU) on the STOXX Europe 600 Travel & Leisure Price Index by utilizing a monthly data set for 20 years through 1997-2016. It is found that both the European and the global EPU have significant negative effects on the stock returns of travel and leisure companies. We demonstrate the significantly superior forecasting power of EPU measures on tourism and leisure stock returns relative to a rather weak forecasting power of various macroeconomic variables.en_US]
dc.identifier.citation49
dc.identifier.doi10.1177/1354816618792398en_US
dc.identifier.endpage66
dc.identifier.issn1354-8166en_US
dc.identifier.issn2044-0375en_US
dc.identifier.issn1354-8166
dc.identifier.issn2044-0375
dc.identifier.issue1
dc.identifier.scopus2-s2.0-85052502772en_US
dc.identifier.scopusqualityQ1
dc.identifier.startpage51en_US
dc.identifier.urihttps://hdl.handle.net/20.500.12469/493
dc.identifier.urihttps://doi.org/10.1177/1354816618792398
dc.identifier.volume25en_US
dc.identifier.wosWOS:000456414400005en_US
dc.identifier.wosqualityQ1
dc.institutionauthorErsan, Oğuzen_US
dc.institutionauthorErsan, Oğuz
dc.language.isoenen_US
dc.publisherSage Publications Ltden_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectEconomic policy uncertaintyen_US
dc.subjectEuropean economic policy uncertaintyen_US
dc.subjectGlobal economic policy uncertaintyen_US
dc.subjectReturnen_US
dc.subjectSTOXX Europe 600 Travel & Lisure price indexen_US
dc.titleThe Effect of European and Global Uncertainty on Stock Returns of Travel and Leisure Companiesen_US
dc.typeArticleen_US
dspace.entity.typePublication
relation.isAuthorOfPublication668cc704-cc26-4a39-bb0f-5db2099bf1d3
relation.isAuthorOfPublication.latestForDiscovery668cc704-cc26-4a39-bb0f-5db2099bf1d3

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