title: Capital markets and perceptions of sectoral sensitivity to COVID-19
metadata.name: dc.contributor.author
metadata.value: Korzeb, Zbigniew
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Niedziółka, Paweł
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Pankou, Dzmitry A.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2021-11-03T10:00:25Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2021-11-03T10:00:25Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2021-09
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Korzeb Z., Niedziółka P., Pankou D. A. (2021) Capital markets and perceptions of sectoral sensitivity to COVID-19. St Petersburg University Journal of Economic Studies, vol. 37, iss. 3, pp. 474–488.
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: https://doi.org/10.21638/spbu05.2021.305
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/33413
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: This article analyzes the performance of industry sub-indices during the COVID-19 pandemic,
  done on the basis of the evolution of rates of return for 247 industry indices from 15 European
  countries in 2020. Differences between the achieved rates of return on industry and
  the main stock indices in all examined countries were estimated. Additionally, the volatility of
  individual sector indices over was calculated. This allows us to draw the following conclusions.
  Firstly, investors considered tourism and the oil and gas and financial sectors to be among industries
  most vulnerable to COVID-19. Secondly, the need to transfer business to the Internet
  and to accelerate digital transformation are prerequisites for investors’ decisions to increase
  the share of technology companies in their portfolios. On the other hand, growing uncertainty
  is impacting the performance of providers of food and other necessities. Due to administrative
  constraints put on tourism and passenger transport activities, demand for leisure goods
  increased rapidly, which translated into results and quotations of the entities responsible for
  their production. The pandemic crisis, contrary to symptoms observed in Q1 2020 and analysts’
  expectations, did not adversely affect industrial production. Finally, in general, the behavior
  of investors in the Russian market was similar to that of investors in other economies.
  However, for the three sub-sectors, the reaction of investors was different.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: en
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: St Petersburg University Journal of Economic Studies;Volume 37; Issue 3
metadata.lang: -
metadata.name: dc.subject
metadata.value: COVID-19
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: capital markets
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: sector risk
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Capital markets and perceptions of sectoral sensitivity to COVID-19
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 474-488.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/33413/1/474-488.pdf
resources.format: Adobe PDF
resources.size: 661,73 kB