English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Tools annual

Global: Zendy Free Plan

Global: Zendy Tools monthly

Global: Zendy Plus monthly

The COVID-19 pandemic unexpectedly shocked the Chinese economy. Due to its contagiousness and health risks, the COVID-19 pandemic significantly affected the tourism industry when the government established controls such as lockdowns and restrictions on the movement of people. We built a balanced panel data of all listed Chinese A-share tourism companies from January 20, 2020, to April 26, 2020, and we used an POLS model for empirical regressions to explore the impact of public attention about COVID-19 information on tourism companies’ stock returns. The results show that public attention, reading, commenting, and retweeting of COVID-19 information tended to influence investors’ psychological expectations and sentiment, leading to negative investor evaluations of tourism companies’ stock prices, which may eventually make tourism companies’ stock returns undervalued in the short run.

How public attention affects stock returns: based on the responses of Chinese listed tourism companies during COVID-19