The impact of COVID-19 crisis on shareholder confidence in the business performance of CROBEX listed companies

Autor: Roška, Vlasta, Buneta, Anđelka
Přispěvatelé: Janjušević, Jelena, Taheri, Babak, Kozina, Melita
Jazyk: angličtina
Rok vydání: 2021
Předmět:
Popis: This paper aims to present the impact of the COVID-19 pandemic on shareholder confidence in the business performance of CROBEX listed companies. A multiple linear regression model was used to create a net market value ratio indicating shareholder confidence in the companies’ business performance. The research results indicate that investor confidence in CROBEX listed companies, measured by the net market value ratio, decreased by 12.33 percent during the corona crisis in 2020 compared to 2019. However, the comparison of the COVID-19 crisis and the 2008 financial crisis has shown that investor confidence in CROBEX listed companies increased by 4.27 percent. The higher the net market value ratio, the greater the shareholder confidence. State aids to entrepreneurs for the preservation of companies' operations during the COVID-19 crisis helped maintain greater shareholder confidence. The market value of companies is the main indicator of investor confidence in company management and its ability to adapt to crises.
Databáze: OpenAIRE