ItemArticle

Navigating turbulence: how economic policy uncertainty shapes tourism firms cash strategiesa global analysis

Title
Navigating turbulence: how economic policy uncertainty shapes tourism firms cash strategiesa global analysis
Creator
Mir, Shakeeb Mohammad; Sheikh, Irfan Ahmed; Irfan, Mohammad
Description
This paper investigates the strategies employed by tourism businesses to handle cash flow in the face of economic policy uncertainty. The study examines data from 1260 firms in 18 countries over a span of 15 years. The findings indicate that there is considerable variation among corporations when it comes to their use of liquidity, with the average corporation holding approximately 13.5 per cent of its total assets in liquid form. The analysis provides evidence that economic policy uncertainty has a positive and significant relationship to cash holdings in the tourism sector. These findings suggest that corporations increase their liquidity buffers in response to higher levels of policy uncertainty. Sectoral analysis also reveals that the sensitivity to policy uncertainty can vary significantly from one sub-sector to another. Ultimately, indicating varied factors that can lead to the differentiatingeffect of EPU on liquidity management of the tourism firms. 2025 Informa UK Limited, trading as Taylor & Francis Group.
Source
Journal of Policy Research in Tourism, Leisure and Events;
Date
01-01-2025
Publisher
Routledge
Subject
cash policy; Economic policy uncertainty; financial constraints; sectoral analysis; tourism firms
Coverage
Mir S.M., School of Business and Management, Christ University, Bengaluru, India; Sheikh I.A., Department of Public Financial Management, Ethiopian Civil Service University, Addis Ababa, Ethiopia; Irfan M., School of Business and Management, Christ University, Bengaluru, India
Rights
Restricted Access; Hardcopy may be available in the library
Relation
ISSN: 19407963;
Format
online
Language
English
Type
Article

Citation

Mir, Shakeeb Mohammad; Sheikh, Irfan Ahmed; Irfan, Mohammad, “Navigating turbulence: how economic policy uncertainty shapes tourism firms cash strategiesa global analysis,” CHRIST (Deemed To Be University) Institutional Repository, accessed June 18, 2026, https://archives.christuniversity.in/items/show/22755.

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