Welcome to the InfoSci Platform
Reference Hub2
The Impact of COVID-19 on Volatility of Tourism Stocks: Evidence From BIST Tourism Index

The Impact of COVID-19 on Volatility of Tourism Stocks: Evidence From BIST Tourism Index

Burze Yaşar
Copyright: © 2021 |Pages: 22
ISBN13: 9781799882312|ISBN10: 1799882314|ISBN13 Softcover: 9781799882329|EISBN13: 9781799882336
DOI: 10.4018/978-1-7998-8231-2.ch002
Cite Chapter Cite Chapter

MLA

Yaşar, Burze. "The Impact of COVID-19 on Volatility of Tourism Stocks: Evidence From BIST Tourism Index." Handbook of Research on the Impacts and Implications of COVID-19 on the Tourism Industry, edited by Mahmut Demir, et al., IGI Global, 2021, pp. 23-44. https://doi.org/10.4018/978-1-7998-8231-2.ch002

APA

Yaşar, B. (2021). The Impact of COVID-19 on Volatility of Tourism Stocks: Evidence From BIST Tourism Index. In M. Demir, A. Dalgıç, & F. Ergen (Eds.), Handbook of Research on the Impacts and Implications of COVID-19 on the Tourism Industry (pp. 23-44). IGI Global. https://doi.org/10.4018/978-1-7998-8231-2.ch002

Chicago

Yaşar, Burze. "The Impact of COVID-19 on Volatility of Tourism Stocks: Evidence From BIST Tourism Index." In Handbook of Research on the Impacts and Implications of COVID-19 on the Tourism Industry, edited by Mahmut Demir, Ali Dalgıç, and Fatma Doğanay Ergen, 23-44. Hershey, PA: IGI Global, 2021. https://doi.org/10.4018/978-1-7998-8231-2.ch002

Export Reference

Mendeley
Favorite

Abstract

This chapter analyzes the economic impact of COVID-19 on the tourism sector in Turkey. Stock markets are a barometer for the economy and reflect the pandemic's direct financial impact on tourism companies. The BIST Tourism Index return volatility during 2020 is modelled considering the effects of global economic policy uncertainty, economic sentiment, daily new cases, and Turkey's containment and health index. The index return volatility is high during the pandemic. The results show a statistically significant interrelation between economic sentiment, new cases, and containment and health index, and the BIST Tourism index return volatility. Policies that slow down the virus spread and fiscal support may improve consumer and investor sentiment. The revival of confidence would strengthen the financial markets and decrease volatility.

Request Access

You do not own this content. Please login to recommend this title to your institution's librarian or purchase it from the IGI Global bookstore.