Pandemic and Financialization for Tourism Firms in Asian Emerging Markets
| dc.contributor.author | Doruk, Omer Tugsal | |
| dc.date.accessioned | 2026-02-27T07:32:58Z | |
| dc.date.available | 2026-02-27T07:32:58Z | |
| dc.date.issued | 2025 | |
| dc.description.abstract | This study examines the intersection of financialization and the pandemic's impact on the tourism sector. When financialization extends beyond unproductive or service-based transactions, it can serve as a strategic response to crisis conditions. This research specifically investigates financialization as a shock absorber for tourism firms in Asia-Pacific emerging markets during the pandemic. Employing a time-varying difference-in-differences approach, the analysis utilizes a panel dataset of 80 tourism firms from five Asian countries within the pandemic period. The findings indicate that financialization provides a mechanism for safer returns amid volatility, transforming geographical spaces into profit-oriented strategies for tourism firms in Asian emerging markets. To the author's knowledge, this is the first study to analyze the time-varying effects of financialization on tourism firms in Asia-Pacific countries during the pandemic. | |
| dc.identifier.doi | 10.2478/zireb-2025-0003 | |
| dc.identifier.endpage | 74 | |
| dc.identifier.issn | 1331-5609 | |
| dc.identifier.issn | 1849-1162 | |
| dc.identifier.issue | 1 | |
| dc.identifier.startpage | 55 | |
| dc.identifier.uri | http://dx.doi.org/10.2478/zireb-2025-0003 | |
| dc.identifier.uri | https://hdl.handle.net/20.500.14669/4401 | |
| dc.identifier.volume | 28 | |
| dc.identifier.wos | WOS:001502416600008 | |
| dc.indekslendigikaynak | Web of Science | |
| dc.language.iso | en | |
| dc.publisher | Walter de Gruyter GmbH | |
| dc.relation.ispartof | Zagreb International Review of Economics & Business | |
| dc.relation.publicationcategory | Makale - Uluslararas� Hakemli Dergi - Kurum ��retim Eleman� | |
| dc.rights | info:eu-repo/semantics/openAccess | |
| dc.snmz | KA_20260302 | |
| dc.subject | COVID-19 | |
| dc.subject | tourism firms | |
| dc.subject | financialization | |
| dc.subject | emerging Asia | |
| dc.subject | time-varying difference-in-differences | |
| dc.subject | G3 | |
| dc.subject | G30 | |
| dc.title | Pandemic and Financialization for Tourism Firms in Asian Emerging Markets | |
| dc.type | Article |
