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2024 | OriginalPaper | Buchkapitel

34. Determinants of the Share Prices on the Bucharest Stock Exchange During the COVID-19 Pandemic

verfasst von : Catalin Gheorghe, Oana Panazan

Erschienen in: Management, Innovation and Entrepreneurship in Challenging Global Times

Verlag: Springer International Publishing

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Abstract

The research offers explanations on the dynamics of the stock exchange shares listed on the Bucharest Stock Exchange during the pandemic. The paper studies the influence of several variables on the market price of companies admitted to trading on all segments of Bucharest Stock Exchange. The variables considered were percentage of significant shareholders, free-float, capitalization level, and specific market indicators (PER, P/BV, EPS, DIVY, and DIV). The data processing was done statistically, the dependent variable being the difference between the maximum and minimum exchange rate recorded for each share between 31.03.2020 and 31.03.2021. The results confirm that the reduction in the stock price during COVID-19 is not the result of the stock market performance of the listed companies. Another interesting conclusion is that the free-float variable had a significant positive correlation with the dependent variable. A higher level of capitalization of companies has led to a lower percentage reduction in the stock market price, but the correlation is not significant.

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Titel: Determinants of the Share Prices on the Bucharest Stock Exchange During the COVID-19 Pandemic
verfasst von: Catalin Gheorghe
Oana Panazan
Verlag: Springer International Publishing
Buch: Management, Innovation and Entrepreneurship in Challenging Global Times
Print ISBN: 978-3-031-47163-6

Electronic ISBN: 978-3-031-47164-3

Copyright-Jahr: 2024
DOI: https://doi.org/10.1007/978-3-031-47164-3_34

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