THE INFLUENCE OF THE COVID-19 PANDEMIC ON THE FINANCIAL PERFORMANCE OF LISTED RETAIL FIRMS IN SOUTH AFRICA
The objective of the study was to analyse the influence of the COVID-19 pandemic on the financial performance of selected listed retail firms in South Africa. The COVID-19 pandemic had a negative effect on economic growth and resulted in a severe decline in the financial performance of companies. In...
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| Veröffentlicht in: | Acta Economica 2022-12, Vol.20 (37), p.211-228 |
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| container_title | Acta Economica |
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| creator | Mamaro, Lenny Phulong Mabandla, Ndonwabile Zimasa |
| description | The objective of the study was to analyse the influence of the COVID-19 pandemic on the financial performance of selected listed retail firms in South Africa. The COVID-19 pandemic had a negative effect on economic growth and resulted in a severe decline in the financial performance of companies. In addition, it disrupted many business and economic development opportunities in South Africa. The study was conducted to investigate the influence of the COVID-19 pandemic on the financial performance of selected retail firms listed on the Johannesburg Stock Exchange (JSE). Panel data analysis was adopted as a methodology to achieve the study objectives. The COVID-19 pandemic was found to have exerted a statistically significant negative impact on financial performance. Positive significant relationships emerged between financial leverage, firm size, financial liquidity and financial performance of selected JSE-listed retail firms. Lastly, growth in sales was found to be positive but exerted a weak significance on financial performance. The study contributes to the existing literature on the influence of the COVID-19 pandemic on the financial performance of listed retail entities in South Africa. |
| doi_str_mv | 10.7251/ACE2237211P |
| format | Article |
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(DFG Nationallizenzen)</collection><collection>CEEOL: Open Access</collection><collection>Central and Eastern European Online Library - CEEOL Journals</collection><collection>CrossRef</collection><collection>DOAJ Directory of Open Access Journals</collection><jtitle>Acta Economica</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Mamaro, Lenny Phulong</au><au>Mabandla, Ndonwabile Zimasa</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>THE INFLUENCE OF THE COVID-19 PANDEMIC ON THE FINANCIAL PERFORMANCE OF LISTED RETAIL FIRMS IN SOUTH AFRICA</atitle><jtitle>Acta Economica</jtitle><addtitle>Acta Economica</addtitle><date>2022-12-29</date><risdate>2022</risdate><volume>20</volume><issue>37</issue><spage>211</spage><epage>228</epage><pages>211-228</pages><issn>1512-858X</issn><eissn>2232-738X</eissn><abstract>The objective of the study was to analyse the influence of the COVID-19 pandemic on the financial performance of selected listed retail firms in South Africa. The COVID-19 pandemic had a negative effect on economic growth and resulted in a severe decline in the financial performance of companies. In addition, it disrupted many business and economic development opportunities in South Africa. The study was conducted to investigate the influence of the COVID-19 pandemic on the financial performance of selected retail firms listed on the Johannesburg Stock Exchange (JSE). Panel data analysis was adopted as a methodology to achieve the study objectives. The COVID-19 pandemic was found to have exerted a statistically significant negative impact on financial performance. Positive significant relationships emerged between financial leverage, firm size, financial liquidity and financial performance of selected JSE-listed retail firms. Lastly, growth in sales was found to be positive but exerted a weak significance on financial performance. 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| identifier | ISSN: 1512-858X |
| ispartof | Acta Economica, 2022-12, Vol.20 (37), p.211-228 |
| issn | 1512-858X 2232-738X |
| language | eng |
| recordid | cdi_ceeol_journals_1110827 |
| source | DOAJ Directory of Open Access Journals |
| subjects | Business Economy / Management COVID-19 Economic development Financial Markets financial performance Health and medicine and law National Economy retail firms South Africa |
| title | THE INFLUENCE OF THE COVID-19 PANDEMIC ON THE FINANCIAL PERFORMANCE OF LISTED RETAIL FIRMS IN SOUTH AFRICA |
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