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-SegoviaSubject(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.
Journal: Finanse i Prawo Finansowe
- Issue Year: 1/2023
- Issue No: 37
- Page Range: 7-31
- Page Count: 25
- Language: English