The impact of the pandemic on the investments effectiveness in the shares of IT sector companies listed on the Warsaw stock exchange

• Autorzy: Skrodzka Wioletta

Identyfikatory

DOI

10.17512/pjms.2021.24.2.26

Warianty tytułu

PL

Wpływ pandemii na efektywność inwestycji w akcje spółek sektora IT notowanych na GPW w Warszawie

• Języki publikacji: EN

Abstrakty

EN

The COVID-19 pandemic has forced changes in the global economy and caused the world to focus on the IT sector. The goal of the article is to determine the influence of the pandemic on the investment effectiveness in the shares of IT sector companies. The investment effectiveness during the pandemic was analyzed on the example of investments in selected stocks of companies listed on the WSE in the years 2019-2020. Returns on selected stocks and risk-adjusted measures of profitability based on the Capital Asset Pricing Model (CAPM) were used, and statistical verification of the quality of asset management in relation to the performance of the WIG index was carried out. The results show that during the pandemic, the effectiveness of investments in the shares of the Polish IT sector differed significantly from the WIG investment portfolio. This information can be discounted in the management process at the market risk estimation stage.

PL

Pandemia COVID-19 wymusiła zmiany w światowej gospodarce i spowodowała, że cały świat przeniósł uwagę na sektor IT. Celem artykułu jest określenie wpływu pandemii na efektywność inwestycji w akcje spółek sektora IT. Efektywność inwestycyjną w czasie pandemii analizowano na przykładzie inwestycji w wybrane akcje spółek notowanych na GPW w latach 2019-2020. Wykorzystano stopy zwrotu wybranych akcjach i skorygowane o ryzyko miary rentowności oparte na modelu wyceny aktywów kapitałowych (CAPM). Przeprowadzono statystyczną weryfikację jakości zarządzania aktywami w odniesieniu do indeksu WIG. Wyniki pokazują, że w czasie pandemii efektywność inwestycji w akcje polskiego sektora IT znacznie różniła się od portfela inwestycyjnego WIG. Tego typu informacje mogą być dyskontowane w procesie zarządzania na etapie szacowania ryzyka rynkowego.

Słowa kluczowe

EN

market risk; investment efficiency analysis; risk management; pandemic

PL

ryzyko rynkowe; analiza efektywności inwestycji; zarządzanie ryzykiem; pandemia

• Wydawca: Czestochowa University of Technology
• Czasopismo: Polish Journal of Management Studies
• Rocznik: 2021
• Tom: Vol. 24, No. 2
• Strony: 414--430
• Opis fizyczny: Bibliogr. 50. poz., tab.

Twórcy

autor

Skrodzka Wioletta

• Czestochowa University of Technology, Faculty of Management.

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Uwagi

Opracowanie rekordu ze środków MEiN, umowa nr SONP/SP/546092/2022 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2022-2023).