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The Impact of the Covid-19 Pandemic on Investor Sentiments: Evidence from 12 Selected Major Tourism-Related Companies

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  • Helena Nemec Rudez

    (University of Primorska, Slovenia)

Abstract

To understand investor confidence and its change in tourism, which was one of the industries most affected by the pandemic, the paper presents the stock price movements of twelve major listed companies in the tourism industry in the first year after the Covid-19 pandemic outbreak. The 1- month interval of closing prices from January 1, 2020, before the pandemic was announced, to April 1, 2021, is observed to assess investor confidence. Investor confidence is compared between companies in different sectors of the tourism industry. The pandemic itself has not had a clear impact on stock prices as it has developed, showing that some of them recovered within a few months, while others have not, even a year after the outbreak of the pandemic. Based on the one-year stock price movements after the outbreak, three groups of tourism-related companies are identified.

Suggested Citation

  • Helena Nemec Rudez, 2022. "The Impact of the Covid-19 Pandemic on Investor Sentiments: Evidence from 12 Selected Major Tourism-Related Companies," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 20(1 (Spring), pages 43-58.
    • Handle: RePEc:mgt:youmgt:v:20:y:2022:i:1:p:43-58
    DOI: 10.26493/1854-6935.20.43-58
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    More about this item

    Keywords

    Covid-19 pandemic; tourism-related companies; stock price; investor confidence;
    All these keywords.

    JEL classification:

    • D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • D25 - Microeconomics - - Production and Organizations - - - Intertemporal Firm Choice: Investment, Capacity, and Financing

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