The COVID-19 pandemic disclosure

Denhere, Varaidzo

doi:10.20525/ijrbs.v11i2.1627

Cited by 2 publications

(1 citation statement)

References 25 publications

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“…In another development, Denhere (2022) studied on the extent of COVID-19 pandemic disclosure in the annual reports of South African banks. Her findings show no uniformity in the banks’ disclosure practices since each bank has its own priorities and goals, but most of them put priority on the social and relationship capital.…”

Section: Literature Reviewmentioning

confidence: 99%

An exploratory study that uses textual analysis to examine the financial reporting sentiments during the COVID-19 pandemic

Non

Aziz

2023

JFRA

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Purpose This paper aims to examine if Malaysian public listed companies have expressed any specific sentiment(s) when publishing their financial performance during the COVID-19 pandemic. Design/methodology/approach The disclosed sentiments contained in the management discussion and analysis section of the companies’ annual reports were extracted by means of computer-automated textual analysis through the linguistic inquiry and word counts and the Loughran–McDonald Financial Sentiment Dictionary. Next, a correlation analysis was conducted. Finally, a qualitative content analysis (QCA) was conducted to confirm these sentiments. Findings The analysis shows that companies adopted various tones of sentiments when communicating with their stakeholders. Most companies used negative sentiments to voice their concerns about how the COVID-19 pandemic has impacted upon their business operations. Only a few companies reflected positive sentiments, whilst those that experienced operating losses also expressed uncertainty. Research limitations/implications This study may assist either the regulators or accounting bodies to introduce a reporting framework that public companies can adopt during natural hazards. It also provides useful insights to (potential) investors to enable them to better understand the business landscape. For future research, the same study could be conducted on more countries so that their experiences can be used to better understand the business phenomenon from a global perspective. Originality/value This study is one of few studies to adopt automated textual analysis and QCA to examine the exhibited sentiments when public companies reported their financial performance during the COVID-19 pandemic.

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Section: Literature Reviewmentioning

confidence: 99%

An exploratory study that uses textual analysis to examine the financial reporting sentiments during the COVID-19 pandemic

Non

Aziz

2023

JFRA

View full text Add to dashboard Cite

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Corporate COVID-19 disclosure and stock price volatility: evidence from Egypt

Saleh,

2024

JFRA

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Purpose This paper aims to examine the relationship between corporate COVID-19 disclosure (COVID_DISC) and stock price volatility (SPV) in Egypt. Design/methodology/approach The authors used the manual content analysis method to measure corporate COVID-19 disclosure in the narrative sections of annual reports. The authors use ordinary least squares (OLS) regression to examine the impact of corporate COVID-19 disclosure on stock price volatility using unique data from Egyptian-listed firms during COVID-19 pandemic over the period of 2020 to 2022. Propensity score matching method was adopted to mitigate the potential endogeneity issue. Findings This study reveals that corporate COVID-19 disclosure has a significant negative impact on stock price volatility, suggesting COVID-19 disclosure reduces stock price volatility. In addition, the results confirm that COVID-19 disclosure offers value relevant information to investors, which is consistent with the Egyptian Financial Supervisory Authority’s (EFSA) motivation in calling for more information on COVID-19 pandemic. Practical implications The findings of this study can help corporate managers and EFSA in enhancing corporate disclosure and transparency during future financial crises. Moreover, the findings offer valuable insights to investors, helping them gain a better understanding of the business environment during COVID-19 crisis. Originality/value To the best of the authors’ knowledge, this is the first Egyptian empirical evidence that examines the relationship between corporate COVID-19 disclosure and stock price volatility.

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The COVID-19 pandemic disclosure

Cited by 2 publications

References 25 publications

An exploratory study that uses textual analysis to examine the financial reporting sentiments during the COVID-19 pandemic

An exploratory study that uses textual analysis to examine the financial reporting sentiments during the COVID-19 pandemic

Corporate COVID-19 disclosure and stock price volatility: evidence from Egypt

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