The Impact of COVID-19 Pandemic on Firms Performance: Analysis of the Companies from the MBI10 Index

Veselinova, Elena and Gogova Samonikov, Marija (2021) The Impact of COVID-19 Pandemic on Firms Performance: Analysis of the Companies from the MBI10 Index. Journal of Economics-Special Issue, 6. ISSN 1857-9973

Text 4347-Article Text-7195-1-10-20210816.pdf - Published Version Download (270kB)

Abstract

The purpose of this paper is to evaluate the effect of Covid-19 pandemic on firms’
performance with a special focus on companies whose shares form the MBI10 index at the
Macedonian Stock Exchange. The objective of the study is to examine a set of firms’
characteristics implying the firms’ performance, such as: ROA, ROE, EBIT, profit margin,
leverage, liquidity, share price and dividend per share in order to determine the difference
prior and post Covid-19 pandemic. Тhe hypotheses are tested according to the
constructed model and, based on financial data of companies from MBI10 index,
descriptive and regression analysis is used in order to investigate the pandemic impact
on firms’ performance. The results and conclusions reveal the extent of Covid-19
pandemic influence on firms’ performance. This paper contributes to the limited literature
by providing empirical evidence on the impact of the ongoing pandemic on the firms’
performance in the Macedonian economy.

Item Type:	Article
Uncontrolled Keywords:	Firms Performance, COVID-19, MBI10 Index, EBIT, Profit Margin, Share Price, DPS
Subjects:	Social Sciences > Economics and business
Divisions:	Faculty of Economics
Depositing User:	Elena Veselinova
Date Deposited:	21 Dec 2021 08:15
Last Modified:	21 Dec 2021 08:15
URI:	https://eprints.ugd.edu.mk/id/eprint/28940

Actions (login required)

View Item