The USV Annals of Economics and Public Administration, Vol 21, No 2(34) (2021)

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THE IMPACT OF THE COVID-19 PANDEMIC ON THE FINANCIAL PERFORMANCE AND PRICE OF THE SHARES OF THE ENERGY AND FUEL COMPANIES LISTED ON THE MAIN SEGMENT OF THE BUCHAREST STOCK EXCHANGE

Stefanita Susu

Abstract


It is known that many factors influence the stock prices and the value of energy and fuel companies. Among them we can mention the economic, social, environmental, political factors, and recently the Covid-19 pandemic. The aim of the study is to examine the probability and intensity of the deterioration of the financial situation and the decrease in the share prices of energy and fuel companies listed on the main segment of the Bucharest Stock Exchange (Romania) during the pandemics. The study has used mixed benchmarking methods, in time and space, and highlighted the impact of the Covid-19 pandemic on the financial performance and share prices of three energy and fuel companies listed on the main segment of the stock market. The risk of declining the financial performance and the share price of energy and fuel companies has increased significantly. This issue has been associated both to a temporary reduction in energy and fuel demand, to the pandemic restrictions introduced in most countries as well as to the behavior of the market investors.

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                     Ştefan cel Mare University of Suceava                   Faculty of Economics, Administration and Business
 

 

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