Citation

Gyamfi, Bright Akwasi and Bein, Murad Abdurahman and Iqbal, Amjad (2025) The effects of the COVID-19 travel ban on the stock prices of the ten largest airline firms. In: Financial Sector Development and Pandemics in an Era of Sustainable Development Goals. Nova Science Publishers Inc., pp. 135-152. ISBN 979-889530617-8, 979-889530548-5

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Abstract

This study investigates COVID-19's travel bans announcements on the stock prices of the ten largest airline firms. We use the three Event study methodology to detect the market reaction before and after the announcements. The results reveal that the travel ban led to statistically significant and mostly negative abnormal returns during the event window. The study also found that the share price reaction to the travel ban was smaller for Japanese airlines, followed by Chinese airlines. The U.S.-based airline generally exhibits higher abnormal returns during the event window. The results have policy and investor implications.

Item Type:	Book Section
Uncontrolled Keywords:	Airline industry
Subjects:	H Social Sciences > HF Commerce > HF5001-6182 Business > HF5801-6182 Advertising
Divisions:	Faculty of Management (FOM)
Depositing User:	Ms Rosnani Abd Wahab
Date Deposited:	29 Jul 2025 06:07
Last Modified:	31 Jul 2025 21:32
URII:	http://shdl.mmu.edu.my/id/eprint/14394

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