Investor attention, uncertainty and travel & leisure stock returns amid the COVID-19 pandemic

ABSTRACT

This study examines the impact of investor attention, and economic policy uncertainty on travel & leisure stocks returns amid the COVID-19 pandemic. We use Google search volume (GSV) and economic policy uncertainty (EPU) as a proxy for investor attention and uncertainty. Our findings indicate greater sensitivity of travel & leisure stock returns to investor attention and economic policy uncertainty amid the COVID-19 crisis period.

KEYWORDS:

• Travel & leisure stock returns
• COVID-19
• investor attention
• economic policy uncertainty

Disclosure statement

No potential conflict of interest was reported by the author(s).