Understanding the impact of changes in consumer confidence on hotel stock performance in Taiwan [Summary]

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Date

2015-09

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Journal ISSN

Volume Title

Publisher

Virginia Tech

Abstract

This study contributes to the hospitality literature by providing a comprehensive investigation of the effects of changes in consumer confidence in Taiwan on hotel stock performance, including hotel sales growth, hotel stock returns and the perceived riskiness of stock cash flows from holding hotel stocks (proxied by the risk of hotel stock returns).

Description

Keywords

Consumer confidence, Hotel stock performance, Causality

Citation