A new type of engagement between China and Europe amidst the COVID pandemic

He, Zhigao; Li, Yuan

doi:10.1080/14765284.2022.2056387

Cited by 2 publications

(1 citation statement)

References 3 publications

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“…These abnormal events impact the firm performance (Habib and Mourad, 2023a;Ho et al, 2021;Škare et al, 2021). The uncertainty generated by COVID-19 at the national and international levels, as well as at the stock market level, was very high, so the capital market experienced a bearish trend, especially for some sectors; researchers using different approaches to evaluate the effects (Aslam et al, 2022;Habib and Kayani, 2023;He and Li, 2022;Jabeen et al, 2022). After regulatory and financial government intervention, some sectors started to recover from the initial peaks, and the demand tailwinds were also endorsed by all those measures.…”

Section: Introductionmentioning

confidence: 99%

Analyzing the market performance of Romanian firms: do the COVID-19 crisis and classification type matter?

Nuta,

Habib,

Neslihanoglu

et al. 2024

IJOEM

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PurposeStock market performance is paramount to every country, as it signifies economic growth, business performance, wealth maximization, savings deployment and consumer confidence. This study investigates the disparities in the market performance of listed firms in Romania. This study also examines whether the COVID-19 crisis affected market performance.Design/methodology/approachThe data were collected from 69 firms listed on the Bucharest Stock Exchange (BSE) from 2018 to 2022, belonging to 11 sectors. This study used several methods to achieve its objectives. Difference tests were considered to analyze the performance of Romanian companies before and during the COVID-19 crisis, as well as across sectors. Regression analysis was also conducted to estimate the effect of the COVID-19 crisis and classification type on Romanian companies' performance. Additional analyses were performed to verify the findings of the present study.FindingsThe study’s findings indicate a clear difference in market performance between the pre-crisis and crisis periods. The COVID-19 pandemic had an adverse and significant impact on market performance. However, after the market contraction in the early stage of the COVID-19 pandemic outbreak, the stock market outperformed the pre-pandemic capitalization levels and the regional and global indices evolution. Furthermore, there was a difference in market performance across sectors. In particular, the communication services sector has specifically demonstrated accelerated growth.Originality/valueThis research examines the variation in the market performance of companies before and during the COVID-19 pandemic and across different sectors. It also provides evidence of the potential impact of COVID-19 on firms' market performance. This research contributes to a better understanding of how sectors perform during times of crisis.

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