Solidarity actions with Ukraine and hospitality firm value

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dc.contributor.authorNicolau, Juan Luisen
dc.contributor.authorPoretti, Cedricen
dc.contributor.authorHeo, Cindy Yoonjoungen
dc.date.accessioned2024-07-08T14:25:26Zen
dc.date.available2024-07-08T14:25:26Zen
dc.date.issued2024-02en
dc.description.abstractThe objective of this research note is to analyze the effect of solidarity actions following the invasion of Ukraine on hotel and restaurant firms’ market value. Press releases and corporate websites of 117 companies were investigated to determine the actions taken in response to the Russian invasion of Ukraine. Then, using an event study methodology, cumulative abnormal returns were calculated following the actions taken. The results indicate that first movers benefited the most from solidarity actions, while middle-point intensity actions (versus strong or light actions) brought about the highest effects on market value.en
dc.description.versionAccepted versionen
dc.format.extent5 page(s)en
dc.format.mimetypeapplication/pdfen
dc.identifierARTN 104813 (Article number)en
dc.identifier.doihttps://doi.org/10.1016/j.tourman.2023.104813en
dc.identifier.eissn1879-3193en
dc.identifier.issn0261-5177en
dc.identifier.orcidNicolau Gonzalbez, Juan [0000-0003-0048-2823]en
dc.identifier.urihttps://hdl.handle.net/10919/120590en
dc.identifier.volume100en
dc.language.isoenen
dc.publisherElsevieren
dc.rightsCreative Commons Attribution 4.0 Internationalen
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/en
dc.subjectEvent studyen
dc.subjectFirm valueen
dc.subjectSolidarityen
dc.subjectUkraineen
dc.titleSolidarity actions with Ukraine and hospitality firm valueen
dc.title.serialTourism Managementen
dc.typeArticle - Refereeden
dc.type.dcmitypeTexten
dc.type.otherArticleen
dcterms.dateAccepted2023-06-21en
pubs.organisational-group/Virginia Techen
pubs.organisational-group/Virginia Tech/Pamplin College of Businessen
pubs.organisational-group/Virginia Tech/Pamplin College of Business/Hospitality and Tourism Managementen
pubs.organisational-group/Virginia Tech/All T&R Facultyen
pubs.organisational-group/Virginia Tech/Pamplin College of Business/PCOB T&R Facultyen

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