Lessons for Euro markets from the first wave of COVID-19
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Author(s)Costas SiriopoulosLink to ORCID Index: https://orcid.org/0000-0003-1368-7182
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Argyro Svingou
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Jagadish DanduLink to ORCID Index: https://orcid.org/0000-0002-9211-5635
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DOIhttp://dx.doi.org/10.21511/imfi.18(1).2021.24
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Article InfoVolume 18 2021, Issue #1, pp. 285-298
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- 974 Views
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335 Downloads
This work is licensed under a
Creative Commons Attribution 4.0 International License
Although the coronavirus pandemic hit Europe in the early days of 2020, European stock markets had signaled fluctuations in the days before. This paper assesses the observed volatility on European stock exchanges and searches for its sources during the first four months of 2020. To investigate the issue, a panel VAR model is adopted, and the generalized impulse response function and the variance decomposition methods are used. The estimations show that about 34% of the volatility in European stock markets is due to the Chinese stock market, while 7% is due to international uncertainty, as measured by VIX. The impact of pandemic cases and deaths on European stock markets is negligible, below 1%. This means that the European stock market faced two risk elements: the first is the transmission volatility from the Chinese stock market, and the second is the international uncertainty. The findings also support the view that COVID-19 is more like a systematic risk.
- Keywords
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JEL Classification (Paper profile tab)G15, G17, G24
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References28
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Tables6
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Figures5
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- Figure 1. COVID-19 cases per European countries
- Figure 2. Stock returns per European countries
- Figure 3.Generalized impulse response of European stock returns to COVID-19 cases and deaths, Chinese returns and VIX index
- Figure 4. Sub-periods’ generalized impulse response of European stock returns to COVID-19 cases and deaths, Chinese returns and VIX index
- Figure 5. Generalized impulse response of European stock returns to COVID-19 cases and deaths, Chinese returns and VIX index per group
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- Table 1. Contribution of Chinese returns, COVID-19 deaths and cases, and VIX to the forecast error variance of European stock returns
- Table 2. Countries of each Group
- Table 3. Contribution of Chinese returns, COVID-19 deaths and cases, and VIX to the forecast error variance of European stock returns per group
- Table A1. Country and indices sample
- Table A2. Confirmed COVID-19 cases, deaths and market volatility
- Table A3. Panel data unit root test
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Starbucks coffee corporation’s marketing response to the COVID-19 pandemic
Conner V. Lombardi ,
Neejad T. Chidiac ,
Benjamin C. Record
doi: http://dx.doi.org/10.21511/im.17(2).2021.16
Innovative Marketing Volume 17, 2021 Issue #2 pp. 177-188 Views: 16615 Downloads: 15337 TO CITE АНОТАЦІЯThe ongoing COVID-19 pandemic has a significant influence on businesses and marketing strategies across the globe, including Starbucks Coffee. The COVID-19 pandemic has been completely novel in its unprecedented impact on the modern globalized economy. This in-depth analysis of this coffeehouse provides recommendations that were carefully considered within the context of the current public health crisis. The objective of this study was to systematically analyze the strategic marketing approach of Starbucks Coffee to generate recommendations that can not only be applied to Starbucks but marketing endeavors more broadly. A comprehensive review approach was adopted beginning with a thorough situational analysis. Problems and opportunities related to the marketing of Starbucks Coffee were investigated and recommendations were generated. All stages of the study were robustly supported with relevant citations. Starbucks has matrixed a complex corporate structure that supports not only its survival but its continued development even in an increasingly dense and competitive marketplace. While Starbucks must continue to intermittently reevaluate its key problems and key opportunities, especially in the approaching few financial years, the company is operating with impressive effectiveness through the adversities of 2020 thus far. After a careful analysis, Starbucks Coffee should increase the distribution of products that are more likely to succeed during the COVID-19 pandemic, expand pick-up and delivery services, implement additional store locations in underdeveloped geographic market segments, and utilize its vast array of promotional mediums to optimize brand positioning as they approach a reopening world.
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The impact of COVID-19 on the transportation and logistics industry
Dalia Perkumiene ,
Agbonmere Osamede ,
Regina Andriukaitienė ,
Olegas Beriozovas
doi: http://dx.doi.org/10.21511/ppm.19(4).2021.37
Problems and Perspectives in Management Volume 19, 2021 Issue #4 pp. 458-469 Views: 6450 Downloads: 10177 TO CITE АНОТАЦІЯIn this present age of globalization, the logistics and transportation industry has become an integral part of most businesses/firms as it is aimed at ensuring the effective movement of people, distribution of goods and services from one location to another on time. Therefore, this paper aims to analyze the impact of COVID-19 on the logistics and transportation sectors. The qualitative research approach was adopted using analysis and synthesis of scientific literature, data from news reports, organizational sites, and a case study of data contents. The paper presented the analysis of negative and positive effects of COVID-19 on the logistics and transportation industry. The study also discusses possible strategies and further steps for improvement of the logistics and transportation sector, including the automation and introduction of other technologies, a sustainable and flexible transportation system, cooperation of logistics and transportation business. Findings regarding the positive implications of COVID-19 show noticeable advancements in the logistics and transportation sector, such as the rise of e-commerce businesses with efficient delivery options, and the development of 3rd party logistics services as more companies outsource supply chain operations. The study revealed the importance of strategic planning with a joint effort from the research centers, public sector, private sector, and educational institutions as one of the proposed solutions for the logistics and transportation industry.
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Impact of teleworking on job satisfaction among Slovakian employees in the era of COVID-19
Peter Karácsony
doi: http://dx.doi.org/10.21511/ppm.19(3).2021.01
Problems and Perspectives in Management Volume 19, 2021 Issue #3 pp. 1-9 Views: 3819 Downloads: 1225 TO CITE АНОТАЦІЯThe COVID-19 pandemic, which became a global crisis in 2020, has radically transformed people’s normal lives in a matter of weeks. In addition to the health consequences, the virus has had a significant impact on the society and the economy, including the labor market. The present study aims to assess how traditional working has been transformed into teleworking in Slovakia. The study examines whether Slovakian workers are satisfied with teleworking. The questionnaire survey was conducted in December 2020 during the second wave of the coronavirus in Slovakia. Based on the obtained results, a significant relationship between teleworking satisfaction and salary satisfaction, supervisory support, and job autonomy was found. Based on the obtained results, teleworking introduced due to the coronavirus had a clear positive effect on job satisfaction of the examined Slovakian employees. As a result of teleworking, the relationship between manager and subordinate has improved, and work-life balance has also developed favorably.
Acknowledgments
This study was funded by the Pallas Athéné Foundations.
