Our paper fills this gap and contributes to the literature by analyzing the vulnerability of 4 regional Travel and Leisure (T&L) industry stock indices to geopolitical risks. Employing conventional and quantile regression techniques, our results suggest a higher sensitivity of T&L stock returns to geopolitical dangers at occasions the business performs poor, except for Asia & Pacific index that’s the most resilient to geopolitical occasions.
The subsidiary, Small Companies PLC, was placed into members’ voluntary liquidation on 30 April 2007, following which the capital entitlements of the Zero Dividend Preference and Preference shares have been repaid. Listed investments are held by Jarvis Investment Management Limited performing as the Company’s custodian.
The Company is exposed to UK market risk as a result of fluctuations available in the market costs of its investments. As has been seen after the opposite major market shocks over the lifetime of this …