Stock market reaction to the military conflict between Russia and Ukraine: an event study for the European tourism and hospitality industry

ABSTRACTThis paper examines the short-term market reaction of European tourism and hospitality industry to the beginning of the military conflict between Russia and Ukraine (24 February 2022). Using an event study, for a sample of 165 listed firms, we observe a negative and statistically significant...

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Bibliographic Details
Main Authors: António Miguel Martins, Pedro Correia, Susana Cró
Format: Article
Language:English
Published: Taylor & Francis Group 2023-12-01
Series:Journal of Applied Economics
Subjects:
Online Access:https://www.tandfonline.com/doi/10.1080/15140326.2023.2261756