This research explored the effects of the coronavirus disease (COVID-19) outbreak on stock price movements of China’s tourism industry by using an event study method. The results showed that the crisis negatively impacted tourism sector stocks. Further quantile regression analyses supported...

I study US-president’s Trump tweets on the US/China trade relationship and their impact stock valuations of companies with a high China exposure. This event study deploys data from the MSCI World with China Index and identifies potential out-/underperformance using cumulative abnormal returns...

On March 22, 2018, Trump proposed to impose tariffs on up to $50 billion of Chinese imports leading to a significant concern over the "Trade War" between the US and China. We evaluate the market responses to this event for firms in both countries, depending on their direct and indirect exposures...