EMPIRICAL ANALYSIS OF FIRMS’ VALUE CREATION IN THE CONTEXT OF CRISES
In today’s highly competitive world, one of the most important business objectives for owners is to generate shareholder value and wealth. In order for an investor to know how to effectively deliver wealth growth, it is important to know the value creators of the business. A number of studies have b...
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University of Oradea
2024-07-01
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| Series: | Annals of the University of Oradea: Economic Science |
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| Online Access: | https://anale.steconomiceuoradea.ro/en/2024/11/04/empirical-analysis-of-firms-value-creation-in-the-context-of-crises/ |
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| author | Anita KISS Orsolya Tünde NAGY |
| author_facet | Anita KISS Orsolya Tünde NAGY |
| author_sort | Anita KISS |
| collection | DOAJ |
| description | In today’s highly competitive world, one of the most important business objectives for owners is to generate shareholder value and wealth. In order for an investor to know how to effectively deliver wealth growth, it is important to know the value creators of the business. A number of studies have been published in the management literature to identify the value creators of ownership. This article draws an essence from the literature reviewed, which are identified as key drivers of value creation, which are presented in the first half of the study. In the second logical part of the paper, the characteristics, causes and major crisis episodes of the 2007-2008 global financial crisis and the COVID-19 crisis are presented. In the methodological part, the panel regression model is used to analyse the 702 firms in the database. The main objective of the study is to answer the following questions: which are the most important value drivers and how the influence of these value drivers changes in the aftermath of the COVID-19 crisis. |
| format | Article |
| id | doaj-art-9d0a21f5e2c04c0fa5a37b9db94e8c7a |
| institution | OA Journals |
| issn | 1222-569X 1582-5450 |
| language | deu |
| publishDate | 2024-07-01 |
| publisher | University of Oradea |
| record_format | Article |
| series | Annals of the University of Oradea: Economic Science |
| spelling | doaj-art-9d0a21f5e2c04c0fa5a37b9db94e8c7a2025-08-20T02:12:34ZdeuUniversity of OradeaAnnals of the University of Oradea: Economic Science1222-569X1582-54502024-07-0133129730310.47535/1991AUOES33(1)033EMPIRICAL ANALYSIS OF FIRMS’ VALUE CREATION IN THE CONTEXT OF CRISESAnita KISS0Orsolya Tünde NAGY1Institute of Accounting and Finance, Faculty of Economics and Business, University of Debrecen, Debrecen, HungaryInstitute of Accounting and Finance, Faculty of Economics and Business, University of Debrecen, Debrecen, HungaryIn today’s highly competitive world, one of the most important business objectives for owners is to generate shareholder value and wealth. In order for an investor to know how to effectively deliver wealth growth, it is important to know the value creators of the business. A number of studies have been published in the management literature to identify the value creators of ownership. This article draws an essence from the literature reviewed, which are identified as key drivers of value creation, which are presented in the first half of the study. In the second logical part of the paper, the characteristics, causes and major crisis episodes of the 2007-2008 global financial crisis and the COVID-19 crisis are presented. In the methodological part, the panel regression model is used to analyse the 702 firms in the database. The main objective of the study is to answer the following questions: which are the most important value drivers and how the influence of these value drivers changes in the aftermath of the COVID-19 crisis.https://anale.steconomiceuoradea.ro/en/2024/11/04/empirical-analysis-of-firms-value-creation-in-the-context-of-crises/company valuation2007-2008 global financial crisiscovid-19 crisispanel regression model |
| spellingShingle | Anita KISS Orsolya Tünde NAGY EMPIRICAL ANALYSIS OF FIRMS’ VALUE CREATION IN THE CONTEXT OF CRISES Annals of the University of Oradea: Economic Science company valuation 2007-2008 global financial crisis covid-19 crisis panel regression model |
| title | EMPIRICAL ANALYSIS OF FIRMS’ VALUE CREATION IN THE CONTEXT OF CRISES |
| title_full | EMPIRICAL ANALYSIS OF FIRMS’ VALUE CREATION IN THE CONTEXT OF CRISES |
| title_fullStr | EMPIRICAL ANALYSIS OF FIRMS’ VALUE CREATION IN THE CONTEXT OF CRISES |
| title_full_unstemmed | EMPIRICAL ANALYSIS OF FIRMS’ VALUE CREATION IN THE CONTEXT OF CRISES |
| title_short | EMPIRICAL ANALYSIS OF FIRMS’ VALUE CREATION IN THE CONTEXT OF CRISES |
| title_sort | empirical analysis of firms value creation in the context of crises |
| topic | company valuation 2007-2008 global financial crisis covid-19 crisis panel regression model |
| url | https://anale.steconomiceuoradea.ro/en/2024/11/04/empirical-analysis-of-firms-value-creation-in-the-context-of-crises/ |
| work_keys_str_mv | AT anitakiss empiricalanalysisoffirmsvaluecreationinthecontextofcrises AT orsolyatundenagy empiricalanalysisoffirmsvaluecreationinthecontextofcrises |