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@article{ART002160129},
author={SONGMINKYUNG and Kim, Sang Hyuck},
title={Examining the Stock Index of the Tourism Industry and the Existence of a Bubble in Stock Prices throughout the Tourism Industry},
journal={Journal of Tourism Sciences},
issn={1226-0533},
year={2016},
volume={40},
number={10},
pages={29-42},
doi={10.17086/JTS.2016.40.10.29.42}

TY - JOUR
AU - SONGMINKYUNG
AU - Kim, Sang Hyuck
TI - Examining the Stock Index of the Tourism Industry and the Existence of a Bubble in Stock Prices throughout the Tourism Industry
JO - Journal of Tourism Sciences
PY - 2016
VL - 40
IS - 10
PB - The Tourism Sciences Society Of Korea
SP - 29
EP - 42
SN - 1226-0533
AB - The purpose of this study is to develop precise stock indices for the tourism industry and its sub-sectors, as well as to investigate the presence of a stock bubble in the market. Data on stock prices and fundamental values (PER & PBR) were collected from 16 tourism firm between January, 2008 and December, 2015. Tests were conducted to examine the existence of a unit root and stationarity within the time series data. Results showed that stock index, PER, and PBR data were not stationary with a unit root. Johansen’s Co-integration Test was also used to determine whether a bubble existed in the stock market. Results did not show co-integrated relationships between stock index and fundamental values for the tourism industry and its respective sub-sectors. Findings support the existence of a stock bubble throughout the tourism industry in the stock market.
KW - Tourism industry;Fundamental value;Johansen’s Cointegration Test;Stock bubble
DO - 10.17086/JTS.2016.40.10.29.42
ER -

SONGMINKYUNG and Kim, Sang Hyuck. (2016). Examining the Stock Index of the Tourism Industry and the Existence of a Bubble in Stock Prices throughout the Tourism Industry. Journal of Tourism Sciences, 40(10), 29-42.

SONGMINKYUNG and Kim, Sang Hyuck. 2016, "Examining the Stock Index of the Tourism Industry and the Existence of a Bubble in Stock Prices throughout the Tourism Industry", Journal of Tourism Sciences, vol.40, no.10 pp.29-42. Available from: doi:10.17086/JTS.2016.40.10.29.42

SONGMINKYUNG, Kim, Sang Hyuck "Examining the Stock Index of the Tourism Industry and the Existence of a Bubble in Stock Prices throughout the Tourism Industry" Journal of Tourism Sciences 40.10 pp.29-42 (2016) : 29.

SONGMINKYUNG, Kim, Sang Hyuck. Examining the Stock Index of the Tourism Industry and the Existence of a Bubble in Stock Prices throughout the Tourism Industry. 2016; 40(10), 29-42. Available from: doi:10.17086/JTS.2016.40.10.29.42

SONGMINKYUNG and Kim, Sang Hyuck. "Examining the Stock Index of the Tourism Industry and the Existence of a Bubble in Stock Prices throughout the Tourism Industry" Journal of Tourism Sciences 40, no.10 (2016) : 29-42.doi: 10.17086/JTS.2016.40.10.29.42

SONGMINKYUNG; Kim, Sang Hyuck. Examining the Stock Index of the Tourism Industry and the Existence of a Bubble in Stock Prices throughout the Tourism Industry. Journal of Tourism Sciences, 40(10), 29-42. doi: 10.17086/JTS.2016.40.10.29.42

SONGMINKYUNG; Kim, Sang Hyuck. Examining the Stock Index of the Tourism Industry and the Existence of a Bubble in Stock Prices throughout the Tourism Industry. Journal of Tourism Sciences. 2016; 40(10) 29-42. doi: 10.17086/JTS.2016.40.10.29.42

SONGMINKYUNG, Kim, Sang Hyuck. Examining the Stock Index of the Tourism Industry and the Existence of a Bubble in Stock Prices throughout the Tourism Industry. 2016; 40(10), 29-42. Available from: doi:10.17086/JTS.2016.40.10.29.42

SONGMINKYUNG and Kim, Sang Hyuck. "Examining the Stock Index of the Tourism Industry and the Existence of a Bubble in Stock Prices throughout the Tourism Industry" Journal of Tourism Sciences 40, no.10 (2016) : 29-42.doi: 10.17086/JTS.2016.40.10.29.42