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

Autori
Roška, Vlasta ; Buneta, Anđelka

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Economic and Social Development : 69th International Scientific Conference on Economic and Social Development – "Sustainability and Post Covid World" – book of proceedings / Janjušević, Jelena ; Taheri, Babak ; Kozina, Melita - Online : Varaždin Development and Entrepreneurship Agency ; Heriot-Watt University, Dubai ; University North, Koprivnica ; Faculty of Management University of Warsaw ; Faculty of Law, Economics and Social Sciences Sale-Mohammed V University in Rabat, Morocco ; Polytechnic of Međimurje in Čakovec, 2021, 190-199

Skup
69th International Scientific Conference on Economic and Social Development – Sustainability and Post Covid World

Mjesto i datum
Dubai, Ujedinjeni Arapski Emirati, 03.06.2021

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
COVID-19 crisis ; CROBEX ; net market value ratio

Sažetak
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.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA