The Impact of COVID-19 on the Stock Prices of China’s Hotel and Catering Industry
Based on Event Analysis
Authors
LIJUN HUANG1, a, NORMAZIAH MOHD NOR2, b, ZIBIN CAO3, c
1School of Business and Economics, Universiti Putra Malaysia, Selangor Darul Ehsan, Malaysia
2School of Business and Economics, Universiti Putra Malaysia, Selangor Darul Ehsan, Malaysia
3School of Economics and Management, Zhoukou Normal University, Zhoukou City, China
Corresponding Author
LIJUN HUANG
Available Online 29 April 2022.
- DOI
- 10.2991/aebmr.k.220405.333How to use a DOI?
- Keywords
- COVID-19; China’s hotel and catering industry; cumulative excess return rate; stock price return rate
- Abstract
In 2019, the outbreak of COVID-19 has different influence to different sectors in Chinese stock market especially the hotel, catering industry. Therefore, this study adopts the event analysis method, selects The Chinese hotel and catering industry stock index as the research object, takes the stock index yield as the index, and measures whether COVID-19 has a significant impact on the stock price of China’s hotel and catering industry and the degree of impact through the accumulated excess return within the event window. The results show that COVID-19 has a significant negative impact on the stock price return rate of the hotel and catering industry but the impact is short-term.
- Copyright
- © 2022 The Authors. Published by Atlantis Press International B.V.
- Open Access
- This is an open access article distributed under the CC BY-NC 4.0 license.
Cite this article
TY - CONF AU - LIJUN HUANG AU - NORMAZIAH MOHD NOR AU - ZIBIN CAO PY - 2022 DA - 2022/04/29 TI - The Impact of COVID-19 on the Stock Prices of China’s Hotel and Catering Industry BT - Proceedings of the 2022 7th International Conference on Social Sciences and Economic Development (ICSSED 2022) PB - Atlantis Press SP - 1992 EP - 1995 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.220405.333 DO - 10.2991/aebmr.k.220405.333 ID - HUANG2022 ER -