Effects of COVID-19 in the Financial Statements of Selected Companies Listed in Warsaw Stock Exchange

Hońko, Stanisław; Remlein, Marzena; Rówińska-Král’, Małgorzata; Świetla, Katarzyna

doi:10.35808/ersj/1902

Cited by 7 publications

(4 citation statements)

References 2 publications

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“…The study examined the implications of the recent pandemic for corporate governance, directors' remuneration and the sustainability performance of companies. The central findings revealed that the COVID19 pandemic negatively impacted the selected companies while it benefiting some companies belonging to the health, telecommunications and food industries as revealed by the findings which are similar to those of Honko, et al [51] and Hategan, et al [52]. For instance, the results revealed that the estimated coefficient of COVID-19 related expenses is negative but significant in all estimated models.…”

Section: Study Implicationsupporting

confidence: 71%

The implications of the pandemic for the corporate governance, remuneration and sustainability performance of South African listed companies

Benson

Ganda

2023

ijirss

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The study examined the implications of the recent pandemic on the corporate governance, remuneration and corporate sustainability performance of South African listed companies. Data from 42 companies was analyzed using the panel fully modified ordinary least squares (FMOLS) and dynamic ordinary least squares (DOLS) methods from 2010-2021. Findings revealed that the pandemic negatively impacted the selected companies. This study revealed that the pandemic had a good impact on some companies and not just bad ones as claimed by previous researchers. Results from COVID -19- related expenses, debt-to-equity ratios and staff costs revealed a negative but significant result in the estimated model. Other variables such as current ratios, net profit margins and board diversity revealed a positive and significant relationship with all the dependent variables. Hence, a very severe implication of the pandemic on the performance of companies is confirmed through COVID -19related expenses, staff costs and directors’ remuneration. These have a very strong negative impact on the future performance, survival, and sustainability of the selected companies. Lastly, a strong relationship between corporate governance and corporate sustainability performance was confirmed as shown by ROA, board size, directors’ remunerations and board diversity. This study provides insight for stakeholders such as governments, directors and policymakers to develop both preventive and proactive policies to protect and guide companies from future similar pandemics. To avert and prevent future negative implications on companies, this study recommends a well- structured scheme for all of the company’s staff, cash reserves and IT governance.

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Section: Study Implicationsupporting

confidence: 71%

The implications of the pandemic for the corporate governance, remuneration and sustainability performance of South African listed companies

Benson

Ganda

2023

ijirss

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“…The outbreak of the SARS-CoV-2 pandemic changed every aspect of our lives in a very short time (Flaga-Gieruszynska, 2020;Witczynska, 2020;Grima et al, 2020;Khan et al, 2020). It has had a huge impact on the entire world economy (Honko et al, 2020), and thus also on the labour markets (Kozicki and Gornikiewicz, 2020). These specific conditions certainly influenced young people's visions of the future and their expectations.…”

Section: Introductionmentioning

confidence: 99%

Expectations of Young People Towards Their Future Work and Career After the SARS-CoV-2 Pandemic Outbreak in Poland

Laskowska¹,

Laskowski²

2021

ERSJ

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Purpose:The main objective of the study is to identify the expectations of young people towards their future jobs and their career development after the SARS-CoV-2 pandemic outbreak in Poland. Design/Methodology/Approach: The main study method was the survey method. The subjects were individuals born after 1990 (representatives of Generation Y) in full-time and part-time graduate and undergraduate programmes of the biggest private and state universities of technology and humanities in the Lublin region. The study was anonymous and encompassed a sample of 140 students. The surveys were conducted in the third quarter of 2020, after the SARS-CoV-2 pandemic outbreak. Findings: The respondents would like their future, post-pandemic jobs to be interesting and consistent with their interests and competencies. A job must entail a decent salary that will allow them to live a prosperous life and pursue their hobbies. Good workplace atmosphere and a possibility of work-life balance are more important than promotions and classic career. Many students see opening their own business and self-employment to those ends. Practical Implications: The study results seem to be particularly important in the context of choosing an optimum method for managing young, qualified employees, such as (most likely) the future university graduates who are about to enter the new, reshaped labour market. Defining their expectations towards future jobs will allow employers to make sustainable, optimum and effective use of the potential of this unique generation. Originality/Value: The study was conducted right after the outbreak of the SARS-Cov-2 pandemic, which significantly remodelled the modern economy and labour market in Poland, and thus had a significant impact on the way young people perceive their future work.

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“…An interesting study was conducted by Honko et al [66]. The authors found that companies listed on the Warsaw Stock Exchange did not indicate the risk caused by a pandemic in their financial statements.…”

Section: Discussionmentioning

confidence: 99%

Changes in Share Prices of Macrosector Companies on the Warsaw Stock Exchange as a Reaction to the COVID-19 Pandemic

Bieszk‐Stolorz

Markowicz

2022

Sustainability

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The crisis caused by the emergence of the COVID-19 pandemic had an impact on the economic situation worldwide, including the stock exchange quotations. The aim of the research is to assess the reaction to crisis situations of share prices of companies listed on the Warsaw Stock Exchange (Poland) belonging to three main macrosectors: Industry, Finance and Services. The main part of the analysis concerns the market reaction to the COVID-19 pandemic during its first wave. The study utilises the survival analysis methods, which allowed for an assessment and comparison of the situation of the three macrosectors. The duration of the decline in share prices and the recovery time were analysed. The intensity and probability of the decline and subsequent increase in share prices were also examined. The Kaplan–Meier estimator, Cox regression model and logit model were used in the study. The pandemic shocks differed significantly from shocks caused by economic crises in the past. We showed that the differences for macro-sector share price declines were statistically insignificant. For price increases, the Finance macrosector differed from the other macrosectors. The probability, intensity and odds of an increase in share prices of companies belonging to this macrosector were lower than for the other macrosectors. In addition, we compared the obtained results with the results of previous studies conducted for the period of the financial crisis in 2008–2009 and the bear market in 2011. We pointed out the differences between the crisis caused by the pandemic and the other crises.

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Effects of COVID-19 in the Financial Statements of Selected Companies Listed in Warsaw Stock Exchange

Cited by 7 publications

References 2 publications

The implications of the pandemic for the corporate governance, remuneration and sustainability performance of South African listed companies

The implications of the pandemic for the corporate governance, remuneration and sustainability performance of South African listed companies

Expectations of Young People Towards Their Future Work and Career After the SARS-CoV-2 Pandemic Outbreak in Poland

Changes in Share Prices of Macrosector Companies on the Warsaw Stock Exchange as a Reaction to the COVID-19 Pandemic

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