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Pandemic and Financialization for Tourism Firms in Asian Emerging Markets

Ömer Tuğsal Doruk

Zagreb International Review of Economics and Business2025https://doi.org/10.2478/zireb-2025-0003article
ABDC C
Weight
0.50

What the paper says

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.

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https://doi.org/https://doi.org/10.2478/zireb-2025-0003

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@article{ömer2025,
  title        = {{Pandemic and Financialization for Tourism Firms in Asian Emerging Markets}},
  author       = {Ömer Tuğsal Doruk},
  journal      = {Zagreb International Review of Economics and Business},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.2478/zireb-2025-0003},
}

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Pandemic and Financialization for Tourism Firms in Asian Emerging Markets

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.