Taiwan tourism industry. The analysis is based on two conditional multivariate models, BEKK-AGARCH and VARMA-AGARCH, in the … performance. Specifically, the risk for firm size has different effects from the three leading tourism sources to Taiwan, namely …

the Taiwan tourism industry. The analysis is based on two conditional multivariate models, BEKK–AGARCH and VARMA … exchange rate to firm performance. Specifically, the risk for firm size has different effects from the three leading tourism …

the Taiwan tourism industry. The analysis is based on two conditional multivariate models, BEKK-AGARCH and VARMA … exchange rate to firm performance. Specifically, the risk for firm size has different effects from the three leading tourism …

the Taiwan tourism industry. The analysis is based on two conditional multivariate models, BEKK-AGARCH and VARMA … exchange rate to firm performance. Specifically, the risk for firm size has different effects from the three leading tourism …

the Taiwan tourism industry. The analysis is based on two conditional multivariate models, BEKK-AGARCH and VARMA … exchange rate to firm performance. Specifically, the risk for firm size has different effects from the three leading tourism …

the Taiwan tourism industry. The analysis is based on two conditional multivariate models, BEKK-AGARCH and VARMA … exchange rate to firm performance. Specifically, the risk for firm size has different effects from the three leading tourism …

The paper uses monthly data on financial stock index returns, tourism stock sub-index returns, effective exchange rate … constructing a tourism financial indicator, namely the Tourism Financial Conditions Index (TFCI). The TFCI is an adaptation and … extension of the widely-used Monetary Conditions Index (MCI) and Financial Conditions Index (FCI) to tourism stock data. However …