Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
The Effects of COVID-19 pandemic on the Returns In the Airline Industry for Developed and Emerging Economies
University West, School of Business, Economics and IT, Divison of Law, Economics, Statistics and Politics.
2021 (English)Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

The corona virus 2019 (COVID 19) pandemic has impacted businesses differently with many industries recording negative trends. Travel restrictions are seen as a solution to contain the spread of the virus, and these have impacted operations in the airline industry. This research uses an Events Study approach to investigate if the efficient market hypothesis holds for the airline industrystocks, following the announcements of three COVID 19 related events: declaration of COVID 19 a global pandemic; announcement of financial relief packages; and announcement of vaccination rollout. Using a sample of 46 airline stocks in 10 countries, empirical results suggest that the efficient market hypothesis does not hold when there is excessive information flowing in the market and that events with confounding effect lead to semi-efficient market hypothesis. 

Place, publisher, year, edition, pages
2021. , p. 30
Keywords [en]
COVID 19, airline industry, efficient market hypothesis, event study
National Category
Economics
Identifiers
URN: urn:nbn:se:hv:diva-16899Local ID: EXF800OAI: oai:DiVA.org:hv-16899DiVA, id: diva2:1582724
Subject / course
Nationalekonomi
Educational program
Magister i finans
Examiners
Available from: 2021-08-20 Created: 2021-08-03 Last updated: 2021-08-20Bibliographically approved

Open Access in DiVA

No full text in DiVA

By organisation
Divison of Law, Economics, Statistics and Politics
Economics

Search outside of DiVA

GoogleGoogle Scholar

urn-nbn

Altmetric score

urn-nbn
Total: 239 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf