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Table 1 Summary statistics

From: The impact of the COVID-19 outbreak on Chinese-listed tourism stocks

Variable

Mean

SD

Min

Max

AR

 − 0.00008

0.02541

 − 0.14898

0.15466

GRI

61.64447

9.14847

16.67

68.45

COVID-19

0.07491

0.14797

0.00012

0.64541

Logmcp

4.145

1.26694

2.10967

7.43644

PB

5.53166

27.05623

 − 7.7558

275.7954

  1. AR is abnormal returns. GRI is the government response index obtained from Oxford COVID-19 Government Response Tracker. COVID-19 represents the daily growth rate of COVID-19 confirmed cases calculated as \(\left(\left({Case}_{t}-{Case}_{t-1}\right)/{Case}_{t-1}\right)\). Logmacp is the logarithm of market capitalization. PB represents the price-to-book ratio