Managing Company Value in Times of COVID-19 Turbulences: Winners and Losers in Central Europe

• Autorzy: Joanna Lizińska , Leszek Czapiewski , Jarosław Kubiak
• Języki publikacji: EN

Abstrakty

EN

This research adds to the growing literature on impact of the COVID-19 global turmoil on corporate financial performance. Changes in company value are continuous market processes. However, the pandemic has triggered many shock changes, including unprecedented turbulences in most business mechanisms. Our research provides empirical assessment of the market process of value migration across industries in Central Europe in several dimensions. The estimates of market value added and synthetic measure of value migration show substantial differences between industries. The study provides a classification of business designs by development stages and details significant changes in operating performance in response to the health and economic turmoil. Our findings on differences in industries' vulnerability to shock changes have important implications for managers, shareholders, lenders, and other company stakeholders. (original abstract)

Słowa kluczowe

EN

Financial performance; Market value; Pandemic; COVID-19; Economic crisis; Value Based Management (VBM)

PL

Wynik finansowy; Wartość rynkowa; Pandemia; COVID-19; Kryzys gospodarczy; Zarządzanie wartością przedsiębiorstwa

• Czasopismo: Journal of International Studies
• Rocznik: 2022
• Tom: 15
• Numer: nr 3
• Strony: 23--37

Twórcy

autor

Joanna Lizińska

• Poznan University of Economics and Business

autor

Leszek Czapiewski

• Poznan University of Economics and Business

autor

Jarosław Kubiak

• Poznan University of Economics and Business

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Identyfikatory

DOI

10.14254/2071-8330.2022/15-3/2