The impact of the COVID-19 outbreak on Chinese-listed tourism stocks

Wu, Wenmin; Lee, Chien‐Chiang; Xing, Wenwu; Ho, Shan-Ju

doi:10.1186/s40854-021-00240-6

Cited by 92 publications

(65 citation statements)

References 76 publications

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“…Many studies have been conducted involving different sectors in various countries to understand the impact of COVID-19 on the operational working of businesses and organizations. For instance, the hospitality industry [11], tourism [12,13], restaurants [14], aviation industry [15], retail industry [16], etc. The pandemic not only affected the operations of the industries but also posed a negative impact on the work behaviors of the employees.…”

Section: Introductionmentioning

confidence: 99%

Impact of Perceived Organizational Support on OCB in the Time of COVID-19 Pandemic in Hungary: Employee Engagement and Affective Commitment as Mediators

et al. 2021

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The performance of the employees and productivity of each individual, in general, have been badly affected because of the COVID-19 pandemic. Organizational citizenship behavior is regarded as an interpretation of the performance of the employee which is essential to contribute more to the organization’s processes and success. Therefore, to increase the organizational effectiveness and achieve its goals, it is crucial to understand the factors affecting the organizational citizenship behavior of the employees. This study aims to examine the impact of perceived organizational support on organizational citizenship behavior with the mediating role of employee engagement and affective commitment. To collect the data for this study, a linear snowball sampling method was used, and 380 foreign employees working in different service companies in Hungary participated in the survey. Structural equation modeling (SEM) was used to test the proposed hypothesis. The results of the study revealed that perceived organizational support positively associated with organizational citizenship behavior and this relationship is also strongly mediated by employee engagement. On the other hand, employee engagement and affective commitment pose a direct positive influence on organizational citizenship behavior. This study has theoretical and practical implications as it will provide a comprehensive framework to better understand the factors influencing the organizational citizenship behavior of the employees.

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Section: Introductionmentioning

confidence: 99%

Impact of Perceived Organizational Support on OCB in the Time of COVID-19 Pandemic in Hungary: Employee Engagement and Affective Commitment as Mediators

et al. 2021

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“…Travel and leisure, the second fastest developing sector in 2018 (only slightly behind manufacturing), has had a remarkable effect on the global economy. Additionally, it is now the most noteworthy service sector, becoming an agent of economic growth that has been broadly approved (Lee and Chang 2008;Lee et al 2021;Wu et al 2021;Wang and Lee 2022). Moreover, the elements swaying the flow of travelers around the world, such as nations' infrastructure, will remain and continue to affect tourists' behavior when choosing their vacation destinations.…”

Section: Introductionmentioning

confidence: 99%

The impacts of ICTs on tourism development: International evidence based on a panel quantile approach

Lee

Chen

et al. 2021

Inf Technol Tourism

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“…(2021) find that macroeconomic fluctuations and hospitality stock returns are significantly affected by shocks from the COVID-19 outbreak in China. Likewise, Wu et al. (2021) show that the crisis negatively impact tourism sector stocks in China.…”

Section: Literature Reviewmentioning

confidence: 99%

The impact of COVID-19 outbreak on hotels’ value compared to previous diseases: the role of ALFO strategy

García-Gómez

Demir

Díez-Esteban

et al. 2021

Heliyon

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By using the Event Study Method (ESM), this paper aims to examine the effect of new coronavirus (SARS-CoV-2) disease (COVID-19) outbreak on the market performance of the hotel industry in the U.S. We also compare the impact of COVID-19 outbreak with three previous diseases outbreaks. The results show that there is a negative influence of the diseases outbreaks on stock returns of hotels in the U.S. However, the impact of COVID-19 is incomparably higher in magnitude compared to previous diseases. Furthermore, given the importance of following flexible corporate strategies to adapt to new and unpredicted situations, it is found that the ALFO (assets-light, fee-orientated) strategy acts as a mitigator for the predicted market value drop due to the pandemic.

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The impact of the COVID-19 outbreak on Chinese-listed tourism stocks

Cited by 92 publications

References 76 publications

Impact of Perceived Organizational Support on OCB in the Time of COVID-19 Pandemic in Hungary: Employee Engagement and Affective Commitment as Mediators

Impact of Perceived Organizational Support on OCB in the Time of COVID-19 Pandemic in Hungary: Employee Engagement and Affective Commitment as Mediators

The impacts of ICTs on tourism development: International evidence based on a panel quantile approach

The impact of COVID-19 outbreak on hotels’ value compared to previous diseases: the role of ALFO strategy

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