Impact of the COVID-19 pandemic on the financial results of selected companies in the development and automotive industries
Purpose: The article aims to assess whether the COVID-19 pandemic has affected the financial results of selected companies in the development and automotive industries in Poland. Methodology/research approach: The research looked at individual and consolidated annual reports of companies listed on t...
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| Format: | Article |
| Language: | English |
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Rada Naukowa SKwP
2023-03-01
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| Series: | Zeszyty Teoretyczne Rachunkowości |
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| Online Access: | http://ztr.skwp.pl/gicid/01.3001.0016.2906 |
| _version_ | 1797854403996155904 |
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| author | Maciej Hyży |
| author_facet | Maciej Hyży |
| author_sort | Maciej Hyży |
| collection | DOAJ |
| description | Purpose: The article aims to assess whether the COVID-19 pandemic has affected the financial results of selected companies in the development and automotive industries in Poland. Methodology/research approach: The research looked at individual and consolidated annual reports of companies listed on the Warsaw Stock Exchange, covering the real estate and automotive sectors. All (seven in total) annual stock exchange reports of companies listed on the stock exchange from the automotive sector were examined. Furthermore, in the real estate sector (29 out of 29), annual reports of companies listed on the stock exchange were examined. The method used was to analyze the full versions of the narrative sections of the annual separate and consolidated financial statements. The auditors reports and the entitys management reports were also analyzed.Findings: Two of the seven examined automotive companies recorded a loss and described in their additional explanatory notes the uncertainty regarding the going concern. The audited real estate companies showed no losses and did not present any threats to going concern.Research limitations/implications: The study was limited to two industries representing durable goods. It would also be worth verifying the impact of the COVID-19 pandemic on the financial reporting of companies representing other sectors. Due to the successive waves of the COVID-19 pandemic, it would be interesting to analyze financial statements over three reporting periods.Originality/value: The article verifies the impact of the COVID-19 pandemic on the financial reporting and the financial results of companies in the durable goods sector: real estate and automotive. |
| first_indexed | 2024-04-09T20:06:33Z |
| format | Article |
| id | doaj.art-756d18c924bf4278b445e2616201eb1c |
| institution | Directory Open Access Journal |
| issn | 1641-4381 2391-677X |
| language | English |
| last_indexed | 2024-04-09T20:06:33Z |
| publishDate | 2023-03-01 |
| publisher | Rada Naukowa SKwP |
| record_format | Article |
| series | Zeszyty Teoretyczne Rachunkowości |
| spelling | doaj.art-756d18c924bf4278b445e2616201eb1c2023-04-01T16:43:00ZengRada Naukowa SKwPZeszyty Teoretyczne Rachunkowości1641-43812391-677X2023-03-01471395410.5604/01.3001.0016.290601.3001.0016.2906Impact of the COVID-19 pandemic on the financial results of selected companies in the development and automotive industriesMaciej Hyży0Uniwersytet Gdański Wydział Zarządzania Katedra RachunkowościPurpose: The article aims to assess whether the COVID-19 pandemic has affected the financial results of selected companies in the development and automotive industries in Poland. Methodology/research approach: The research looked at individual and consolidated annual reports of companies listed on the Warsaw Stock Exchange, covering the real estate and automotive sectors. All (seven in total) annual stock exchange reports of companies listed on the stock exchange from the automotive sector were examined. Furthermore, in the real estate sector (29 out of 29), annual reports of companies listed on the stock exchange were examined. The method used was to analyze the full versions of the narrative sections of the annual separate and consolidated financial statements. The auditors reports and the entitys management reports were also analyzed.Findings: Two of the seven examined automotive companies recorded a loss and described in their additional explanatory notes the uncertainty regarding the going concern. The audited real estate companies showed no losses and did not present any threats to going concern.Research limitations/implications: The study was limited to two industries representing durable goods. It would also be worth verifying the impact of the COVID-19 pandemic on the financial reporting of companies representing other sectors. Due to the successive waves of the COVID-19 pandemic, it would be interesting to analyze financial statements over three reporting periods.Originality/value: The article verifies the impact of the COVID-19 pandemic on the financial reporting and the financial results of companies in the durable goods sector: real estate and automotive.http://ztr.skwp.pl/gicid/01.3001.0016.2906annual financial statementsCOVID-19disclosuresadditional information and explanationmanagement reportgoing concern |
| spellingShingle | Maciej Hyży Impact of the COVID-19 pandemic on the financial results of selected companies in the development and automotive industries Zeszyty Teoretyczne Rachunkowości annual financial statements COVID-19 disclosures additional information and explanation management report going concern |
| title | Impact of the COVID-19 pandemic on the financial results of selected companies in the development and automotive industries |
| title_full | Impact of the COVID-19 pandemic on the financial results of selected companies in the development and automotive industries |
| title_fullStr | Impact of the COVID-19 pandemic on the financial results of selected companies in the development and automotive industries |
| title_full_unstemmed | Impact of the COVID-19 pandemic on the financial results of selected companies in the development and automotive industries |
| title_short | Impact of the COVID-19 pandemic on the financial results of selected companies in the development and automotive industries |
| title_sort | impact of the covid 19 pandemic on the financial results of selected companies in the development and automotive industries |
| topic | annual financial statements COVID-19 disclosures additional information and explanation management report going concern |
| url | http://ztr.skwp.pl/gicid/01.3001.0016.2906 |
| work_keys_str_mv | AT maciejhyzy impactofthecovid19pandemiconthefinancialresultsofselectedcompaniesinthedevelopmentandautomotiveindustries |