Résumé

In this paper we analyze the factors that have determined why certain companies in the hospitality industry managed to buffer the effects of Covid-19 more consistently than others. In particular, we focus on downside risk measures. We found that small and indebted companies quoted in the USA were those most affected or those that investors were less eager to hold during the pandemic. We also observe that although hotels suffered bigger losses during the period of analysis, restaurants were more affected by extreme events.

Détails

Actions