The impairment of assets reporting in the COVID-19 pandemic – evidence from the Warsaw Stock Exchange
Purpose: The main aim of this paper is to verify how frequently issuers from the WSE issue current reports informing about the impairment of assets. The author believes that in the first months of the Covid-19 pandemic, one of the external premises for a decrease in the value of assets began to occu...
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| Format: | Article |
| Language: | English |
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Rada Naukowa SKwP
2021-09-01
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| Series: | Zeszyty Teoretyczne Rachunkowości |
| Subjects: | |
| Online Access: | http://ztr.skwp.pl/gicid/01.3001.0015.2351 |
| _version_ | 1819226187332845568 |
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| author | Bartłomiej Lisicki |
| author_facet | Bartłomiej Lisicki |
| author_sort | Bartłomiej Lisicki |
| collection | DOAJ |
| description | Purpose: The main aim of this paper is to verify how frequently issuers from the WSE issue current reports informing about the impairment of assets. The author believes that in the first months of the Covid-19 pandemic, one of the external premises for a decrease in the value of assets began to occur, i.e., market, economic or legal changes.
Methodology/approach: Content analysis of current reports was used. The analysis period was divided into two sub-periods, 2013–2018 and 2020, when it was likely there was an increase in the submission of the abovementioned reports by issuers. The results were verified using the ANOVA test.
Findings: Analyzing the issuers' reports in 2020, 77 cases were found where investors were informed about the impairment of assets. The number of current reports about the im-pairment of assets is much greater than in the period 2013–2018 (163 cases). The X2 statistic allowed us to indicate the statistical significance of the difference of the cases recorded in 2020 from the average values of the previous years.
Originality/value: This article discusses the issues of assets impairment during the eco-nomic downturn caused by the Covid-19 pandemic. The increased frequency of reporting write-offs allows us to conclude that entities are afraid of the long-term effects of the pan-demic. Therefore, they decide to revise the recoverable amount of assets in line with the „prudent valuation” principle. |
| first_indexed | 2024-12-23T10:21:30Z |
| format | Article |
| id | doaj.art-0082de9480364081825d50f98fe48bde |
| institution | Directory Open Access Journal |
| issn | 1641-4381 2391-677X |
| language | English |
| last_indexed | 2024-12-23T10:21:30Z |
| publishDate | 2021-09-01 |
| publisher | Rada Naukowa SKwP |
| record_format | Article |
| series | Zeszyty Teoretyczne Rachunkowości |
| spelling | doaj.art-0082de9480364081825d50f98fe48bde2022-12-21T17:50:41ZengRada Naukowa SKwPZeszyty Teoretyczne Rachunkowości1641-43812391-677X2021-09-0145318920210.5604/01.3001.0015.235101.3001.0015.2351The impairment of assets reporting in the COVID-19 pandemic – evidence from the Warsaw Stock ExchangeBartłomiej Lisicki0Uniwersytet Ekonomiczny w KatowicachPurpose: The main aim of this paper is to verify how frequently issuers from the WSE issue current reports informing about the impairment of assets. The author believes that in the first months of the Covid-19 pandemic, one of the external premises for a decrease in the value of assets began to occur, i.e., market, economic or legal changes. Methodology/approach: Content analysis of current reports was used. The analysis period was divided into two sub-periods, 2013–2018 and 2020, when it was likely there was an increase in the submission of the abovementioned reports by issuers. The results were verified using the ANOVA test. Findings: Analyzing the issuers' reports in 2020, 77 cases were found where investors were informed about the impairment of assets. The number of current reports about the im-pairment of assets is much greater than in the period 2013–2018 (163 cases). The X2 statistic allowed us to indicate the statistical significance of the difference of the cases recorded in 2020 from the average values of the previous years. Originality/value: This article discusses the issues of assets impairment during the eco-nomic downturn caused by the Covid-19 pandemic. The increased frequency of reporting write-offs allows us to conclude that entities are afraid of the long-term effects of the pan-demic. Therefore, they decide to revise the recoverable amount of assets in line with the „prudent valuation” principle.http://ztr.skwp.pl/gicid/01.3001.0015.2351impairment of assetswrite-offCovid-19stock exchangecurrent reportsfinan-cial reporting |
| spellingShingle | Bartłomiej Lisicki The impairment of assets reporting in the COVID-19 pandemic – evidence from the Warsaw Stock Exchange Zeszyty Teoretyczne Rachunkowości impairment of assets write-off Covid-19 stock exchange current reports finan-cial reporting |
| title | The impairment of assets reporting in the COVID-19 pandemic – evidence from the Warsaw Stock Exchange |
| title_full | The impairment of assets reporting in the COVID-19 pandemic – evidence from the Warsaw Stock Exchange |
| title_fullStr | The impairment of assets reporting in the COVID-19 pandemic – evidence from the Warsaw Stock Exchange |
| title_full_unstemmed | The impairment of assets reporting in the COVID-19 pandemic – evidence from the Warsaw Stock Exchange |
| title_short | The impairment of assets reporting in the COVID-19 pandemic – evidence from the Warsaw Stock Exchange |
| title_sort | impairment of assets reporting in the covid 19 pandemic evidence from the warsaw stock exchange |
| topic | impairment of assets write-off Covid-19 stock exchange current reports finan-cial reporting |
| url | http://ztr.skwp.pl/gicid/01.3001.0015.2351 |
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