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

dc.contributor.author Ersan, Oğuz
dc.contributor.author Ersan, Oğuz
dc.contributor.author Akron, Sagi
dc.contributor.author Demir, Ender
dc.contributor.other International Trade and Finance
dc.date.accessioned 2019-06-27T08:01:52Z
dc.date.available 2019-06-27T08:01:52Z
dc.date.issued 2019
dc.department Fakülteler, İşletme Fakültesi, Muhasebe ve Finans Yönetimi Bölümü en_US
dc.description.abstract This 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.citationcount 49
dc.identifier.doi 10.1177/1354816618792398 en_US
dc.identifier.endpage 66
dc.identifier.issn 1354-8166 en_US
dc.identifier.issn 2044-0375 en_US
dc.identifier.issn 1354-8166
dc.identifier.issn 2044-0375
dc.identifier.issue 1
dc.identifier.scopus 2-s2.0-85052502772 en_US
dc.identifier.scopusquality Q1
dc.identifier.startpage 51 en_US
dc.identifier.uri https://hdl.handle.net/20.500.12469/493
dc.identifier.uri https://doi.org/10.1177/1354816618792398
dc.identifier.volume 25 en_US
dc.identifier.wos WOS:000456414400005 en_US
dc.identifier.wosquality Q1
dc.institutionauthor Ersan, Oğuz en_US
dc.language.iso en en_US
dc.publisher Sage Publications Ltd en_US
dc.relation.publicationcategory Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı en_US
dc.rights info:eu-repo/semantics/openAccess en_US
dc.scopus.citedbyCount 54
dc.subject Economic policy uncertainty en_US
dc.subject European economic policy uncertainty en_US
dc.subject Global economic policy uncertainty en_US
dc.subject Return en_US
dc.subject STOXX Europe 600 Travel & Lisure price index en_US
dc.title The Effect of European and Global Uncertainty on Stock Returns of Travel and Leisure Companies en_US
dc.type Article en_US
dc.wos.citedbyCount 51
dspace.entity.type Publication
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