The outburst of Covid-19 pandemic has slowed down the economic progress both in developed and developing nations. Since its outburst, the stock markets have declined all around the globe. However, some industries become profoundly weak while others proceed to perform well even in the crisis period. Given this new phenomena we try to study the short-term effects of the outburst of new contagious disease COVID-19, on four BSE listed aviation companies in India by employing event study methodology. The outcomes reveal that Indian aviation stock returns drop more significantly than the BSE stock market returns in response to the four main COVID-19 press statements that were made during first half of year 2020. Generally, stockholders respond contrarily in the four selected events. The strong over response shown by the investors is noted during the on-event period of the announcements made by World Health Organization and the Indian government. Besides, the results endorses that investors of Indigo and Spicejet were more reactive to the announcements made related to Covid-19 outbreak. The findings demand for instant policy framework in order to lighten the bad effects of the pandemic in the airline sector in India.
The outburst of Covid-19 pandemic has slowed down the economic progress both in developed and developing nations. Since its outburst, the stock markets have declined all around the globe. However, some industries become profoundly weak while others proceed to perform well even in the crisis period. Given this new phenomena we try to study the short-term effects of the outburst of new contagious disease COVID-19, on four BSE listed aviation companies in India by employing event study methodology. The outcomes reveal that Indian aviation stock returns drop more significantly than the BSE stock market returns in response to the four main COVID-19 press statements that were made during first half of year 2020. Generally, stockholders respond contrarily in the four selected events. The strong over response shown by the investors is noted during the on-event period of the announcements made by World Health Organization and the Indian government. Besides, the results endorses that investors of Indigo and Spicejet were more reactive to the announcements made related to Covid-19 outbreak. The findings demand for instant policy framework in order to lighten the bad effects of the pandemic in the airline sector in India
Many businesses select business sustainability to satisfy the needs of the environment, society, and economy in order to be optimal in the long run. To do this, businesses must fully and efficiently utilize their resources. Intellectual capital, which increases market value and establishes long-lasting competitive advantages, is one of their most precious resources. This research advances the growth of two distinct but related fields of study: sustainability and intellectual capital. Purpose of the study is to comprehend the notion in its whole and how each component of intellectual capital contributes to a company's sustainable growth. The realization in an organization occurs at every level of management, whether on the basis of interactions with people, human resources, or effective life cycle processes or structures, as we have seen in all prior researches. A crucial or significant part of intellectual capital is played in the long-term sustainability of corporations. Intellectual capital boosts market value and solidifies long-lasting competitive advantages.
In the megatrend of the novel coronavirus (COVID-19), we need to react this pandemic with positive vibe, with making another world, which brimming with lots of creativity, respectability, imagination, development and not with stagnation. We attempt to figure out how human being transforms challenges into opportunities and get returns under financial recession. In this paper, we prescience the open doors for a superior world that this destructive emergency brings to us. We review the various destruction caused by this epidemic and major emphasis review on the opportunities which lie underneath the epidemic like: visible opportunities that have been implemented during the breakout and the concealed opportunities which will go ahead and become part of our business strategy. In the end, we made conclusions and recommendations for our stocks.
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