2024
DOI: 10.1142/s2010495224500040
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Pandemic Fallout: Analyzing the Impact of COVID-19 on Taiwan’s Hotel Stocks

Ahmad Fraz,
Arshad Hassan,
Shoaib Ali
et al.

Abstract: This study attempts to evaluate Taiwanese hotel stock returns in response to the COVID-19 outbreak. This study uses data from fifteen hotel stocks from the Taiwan Capitalization Weighted Stock Index (TAIEX) and implements a t-test and event study methodology. We create the event window from December 31, 2018 to March 31, 2020, which includes the estimation period from December 31, 2018 to December 31, 2019, the pre-announcement period from January 1, 2020 to January 31, 2020 and the post-announcement period fr… Show more

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