 The Impact of the Covid-19 Pandemic on Investor Sentiments: Evidence from 12 Selected Major Tourism-Related CompaniesManaging Global Transitions, 2022, vol. 20, issue 1 (Spring), 43-58 Abstract: To understand investor confidence and its change in tourism, which was one of the industries most affected by the pandemic, the paper presents the stock price movements of twelve major listed companies in the tourism industry in the first year after the Covid-19 pandemic outbreak. The 1- month interval of closing prices from January 1, 2020, before the pandemic was announced, to April 1, 2021, is observed to assess investor confidence. Investor confidence is compared between companies in different sectors of the tourism industry. The pandemic itself has not had a clear impact on stock prices as it has developed, showing that some of them recovered within a few months, while others have not, even a year after the outbreak of the pandemic. Based on the one-year stock price movements after the outbreak, three groups of tourism-related companies are identified. Keywords: Covid-19 pandemic; tourism-related companies; stock price; investor confidence (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:mgt:youmgt:v:20:y:2022:i:1:p:43-58 Ordering information: This journal article can be ordered from DOI: 10.26493/1854-6935.20.43-58 Access Statistics for this article Managing Global Transitions is currently edited by Jana Hojnik More articles in Managing Global Transitions from University of Primorska, Faculty of Management Koper Contact information at EDIRC. |
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