More eyes on COVID-19: Perspectives from Economics: The economic costs of the pandemic – and its response

Ajam, Tania

doi:10.17159/sajs.2020/8490

Cited by 8 publications

(8 citation statements)

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“…The technology and telecommunications, healthcare and energy sectors performed in line with expectations. The mean actual company performance (NROA) for the year 2020 was −0.003, with the highest actual NROA reported by the technology and telecommunications sector, being 0.040, and the energy The results confirm global evidence of the devastating effect of COVID-19 on the real estate sector (Shen et al 2020;Thorbecke 2020), while also supporting the fact that the basic materials sector in South Africa suffered in 2020 owing to the reduction in export demand (Ajam 2020).…”

Section: Comparison Of Forecasted and Actual Company Performance For ...mentioning

confidence: 55%

“…New ways of thinking about relationships between the public sector, private sector and civil society are required. Achieving this goal would require evidence-based analysis from a range of economic subdisciplines, such as fiscal policy, public economics, monetary policy, institutional analysis, industrial policy, financial economics and network industries regulation (Ajam 2020). This study is therefore relevant and beneficial in contributing to the analysis-based evidence required to forge these new social compacts in South Africa.…”

Section: Discussionmentioning

confidence: 99%

“…The impact of an infectious disease is not limited to humans, but also affects the economic and financial health of countries and organisations (Mayer 2000;Zhang et al 2009). As COVID-19 infects families, it has an impact on households, the business sector, labour markets, the public sector, the balance of payments, foreign investment, prices and money supply (Ajam 2020). Furthermore, the financial performance of companies operating in industries which are characterised by personnel intensity, social interaction and cross-border trade has experienced a sharp drop in demand owing to the policies implemented in response to the COVID-19 pandemic (Shen et al 2020).…”

Section: Literature Reviewmentioning

confidence: 99%

“…The JSE is historically dominated by companies in the resources sector, which are driven by a different set of macroeconomic factors compared to other sectors (Small 2017). Sectors such as mining and agriculture in South Africa have been severely affected by COVID-19 owing to a reduction in export demand (Ajam 2020).…”

Section: The Impact Of Covid-19 On South African-listed Companies And...mentioning

confidence: 99%

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The impact of COVID-19 on company performance per industry sector: Evidence from South Africa

Muthu¹,

Wesson²

2023

Journal of Economic and Financial Sciences

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Orientation: Governments across the world have adopted a variety of preventative measures to curb the spread of the coronavirus disease 2019 (COVID-19). The full socioeconomic costs present a significant threat to economic growth, with developing economies such as South Africa predicted to be the worst affected.Research purpose: This study assessed the impact of COVID-19 on company performance based on the various industry sectors of the Johannesburg Securities Exchange (JSE) of South Africa.Motivation for the study: The study builds on the growing body of knowledge on the impact of COVID-19 on company performance in a South African context.Research approach and method: All JSE-listed companies were analysed for the period 2014–2020. Descriptive statistics and regression analyses were applied to assess the impact of COVID-19 on company performance per industry sector and to identify the mechanisms through which company performance was affected during the pandemic year.Main findings: Company performance per JSE industry sector suffered a significant negative impact during the 2020 pandemic year. Sectors were affected differently owing to the idiosyncratic nature of each industry. Cash-flow-related variables significantly affected company performance during the pandemic year.Practical implications: A healthy cash flow is paramount in times of crisis. Investors and other stakeholders should be cognisant of how industry sector idiosyncrasies affect company performance during crises.Contribution: Results may provide insights into the effect of COVID-19 on company performance per industry sector in South Africa, to support the mitigation of the negative consequences of COVID-19 and future crises or pandemics.

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Section: Comparison Of Forecasted and Actual Company Performance For ...mentioning

confidence: 55%

Section: Discussionmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Section: The Impact Of Covid-19 On South African-listed Companies And...mentioning

confidence: 99%

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The impact of COVID-19 on company performance per industry sector: Evidence from South Africa

Muthu¹,

Wesson²

2023

Journal of Economic and Financial Sciences

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“…In scientific literature, the economic impact of coronavirus is assessed differently and it is emphasised that a more accurate assessment requires analysis of individual sectors; however, there is a shared opinion that the virus outbreak interferes with economic growth and causes problems in many areas. Disruptions in supply chains and international trade, decreased employment and slowed economic growth are the main first consequences noticed by scientists as early as during the first wave of coronavirus (Ajam, 2020), (Nicola et al, 2020), (Maryla et al, 2020). Demand for essential and non-essential goods changed fundamentally.…”

Section: The Theoretical Impact Of Coronavirus On the Transport Sectormentioning

confidence: 99%

The impact of COVID-19 on the financial performance: a case study of the Lithuanian transport sector

Periokaitė¹,

Dobrovolskienė²

2021

IRD

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The changing global situation due to the outbreaks of COVID-19 is causing a crisis, not only in terms of healthcare but also in economic terms. Companies are faced with hasty decisions to avoid financial problems or even bankruptcy. Both in theory and practice, there are often more negative than positive effects of the coronavirus outbreak on transport sector business, but this topic has not yet been sufficiently explored due to the novelty of the situation and the divergent opinions of authors on some matters. The most significant impact is emphasised in the case of air transport, and the least studied area is road transport activity, which in Lithuania comprises the largest share of all modes of transport. It is observed that transport companies experience a decline in profitability indicators during the first wave of COVID-19. In the course of the investigation, the expert survey identified the most affected profitability and liquidity indicators of road transport companies. Relative financial indicators and a study of the financial results of coronavirus-related quarantine carried out using paired correlation analysis showed that there is an unequal connection between the number of days of quarantine in Lithuania and the relative financial indicators of road transport companies. Therefore, the crisis caused by COVID-19 is likely to have a positive or negative impact on the financial performance of a company, depending on the company's activity. However, in some cases, there may be no impact at all. The monitoring of the constantly changing coronavirus crisis and the corresponding economic situation is an important immediate and continuous participation in the monitoring and control of the financial situation of companies.

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Global low-carbon energy transition in the post-COVID-19 era

et al. 2022

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More eyes on COVID-19: Perspectives from Economics: The economic costs of the pandemic – and its response

Cited by 8 publications

References 0 publications

The impact of COVID-19 on company performance per industry sector: Evidence from South Africa

The impact of COVID-19 on company performance per industry sector: Evidence from South Africa

The impact of COVID-19 on the financial performance: a case study of the Lithuanian transport sector

Global low-carbon energy transition in the post-COVID-19 era

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