The Impact of COVID-19 Cases on Stock Prices of Selected Companies Representing Tourism and Banking Sectors Cover Image

The Impact of COVID-19 Cases on Stock Prices of Selected Companies Representing Tourism and Banking Sectors
The Impact of COVID-19 Cases on Stock Prices of Selected Companies Representing Tourism and Banking Sectors

Author(s): Volkan Dayan, Monika Bolek, Juan E. Trinidad-Segovia
Subject(s): Economy, Financial Markets
Published by: Wydawnictwo Uniwersytetu Łódzkiego
Keywords: Covid-19; Coronavirus; Stock Prices; EU Countries; ARDL

Summary/Abstract: The purpose of the article/hypothesis: The purpose of the article is to analyse the relationship between stock prices of selected companies and COVID-19 cases in those countries where the tourism and banking sectors have a high share of national income, such as Croatia, Italy and Spain. Methodology: The methods used are Breakpoint Unit Root Tests to determine whether a time series is stationary or not, and ARDL cointegration technique for cointegration testing. Results of the research: It was found that the number of COVID-19 cases negatively impacted the tourism and banking market in surveyed EU countries.

  • Issue Year: 1/2023
  • Issue No: 37
  • Page Range: 7-31
  • Page Count: 25
  • Language: English
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