Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/104842
PIRA download icon_1.1View/Download Full Text
DC FieldValueLanguage
dc.contributorSchool of Hotel and Tourism Management-
dc.creatorLin, Yen_US
dc.creatorFu, Xen_US
dc.creatorGu, Xen_US
dc.creatorSong, Hen_US
dc.date.accessioned2024-03-05T01:26:54Z-
dc.date.available2024-03-05T01:26:54Z-
dc.identifier.issn1099-2340en_US
dc.identifier.urihttp://hdl.handle.net/10397/104842-
dc.language.isoenen_US
dc.publisherJohn Wiley & Sonsen_US
dc.rightsCopyright © 2017 John Wiley & Sons, Ltd.en_US
dc.rightsThis is the peer reviewed version of the following article: Lin, Y, Fu, X, Gu, X, Song, H. Institutional ownership and return volatility in the casino industry. Int J Tourism Res. 2018; 20(2): 204–214, which has been published in final form at https://doi.org/10.1002/jtr.2173. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions. This article may not be enhanced, enriched or otherwise transformed into a derivative work, without express permission from Wiley or by statutory rights under applicable legislation. Copyright notices must not be removed, obscured or modified. The article must be linked to Wiley’s version of record on Wiley Online Library and any embedding, framing or otherwise making available the article or pages thereof by third parties from platforms, services and websites other than Wiley Online Library must be prohibited.en_US
dc.subjectCasino industryen_US
dc.subjectInstitutional ownershipen_US
dc.subjectStock return volatilityen_US
dc.titleInstitutional ownership and return volatility in the casino industryen_US
dc.typeJournal/Magazine Articleen_US
dc.identifier.spage204en_US
dc.identifier.epage214en_US
dc.identifier.volume20en_US
dc.identifier.issue2en_US
dc.identifier.doi10.1002/jtr.2173en_US
dcterms.abstractUsing a sample that covers all casino companies in Macao from March 2010 to June 2015, this paper investigates the impact of institutional investment on stock return volatility in the casino industry. The results suggest that higher institutional ownership is conducive to lower return volatility on Macao casino stocks. Such volatility also hinges on policy shifts, such as China's anti-corruption campaign, in tourist source communities. In addition, the estimation reveals that both smoking bans and business size significantly decrease return volatility, whereas cross-listing increases return volatility significantly.-
dcterms.accessRightsopen accessen_US
dcterms.bibliographicCitationInternational journal of tourism research, Mar.-Apr. 2018, v. 20, no. 2, p. 204-214en_US
dcterms.isPartOfInternational journal of tourism researchen_US
dcterms.issued2018-03-
dc.identifier.scopus2-s2.0-85037982063-
dc.identifier.eissn1522-1970en_US
dc.description.validate202401 bckw-
dc.description.oaAccepted Manuscripten_US
dc.identifier.FolderNumberSHTM-0664-
dc.description.fundingSourceOthersen_US
dc.description.fundingTextMacao Foundationen_US
dc.description.pubStatusPublisheden_US
dc.identifier.OPUS6805719-
dc.description.oaCategoryGreen (AAM)en_US
Appears in Collections:Journal/Magazine Article
Files in This Item:
File Description SizeFormat 
Song_Institutional_Ownership_Return.pdfPre-Published version568.21 kBAdobe PDFView/Open
Open Access Information
Status open access
File Version Final Accepted Manuscript
Access
View full-text via PolyU eLinks SFX Query
Show simple item record

Page views

86
Last Week
0
Last month
Citations as of Nov 30, 2025

Downloads

76
Citations as of Nov 30, 2025

SCOPUSTM   
Citations

15
Citations as of Dec 19, 2025

WEB OF SCIENCETM
Citations

15
Citations as of Dec 18, 2025

Google ScholarTM

Check

Altmetric


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.