Management
Claire Anne Jimenez; Pamela Resurreccion
Abstract
The recent coronavirus pandemic was a black swan event, and the airline industry was one of the most stricken. The crisis that airlines had to face during the pandemic was not just a health-related crisis but a consequential one within their own canceled flights, rebooking concerns, and a surge in refund ...
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The recent coronavirus pandemic was a black swan event, and the airline industry was one of the most stricken. The crisis that airlines had to face during the pandemic was not just a health-related crisis but a consequential one within their own canceled flights, rebooking concerns, and a surge in refund requests they lacked the liquidity to address. Communication with stakeholders is even more crucial in times of distress. How airlines respond to the crisis shapes their reputation and future engagements. This study aims to discuss what the pandemic prompted in the Twitter communication of the three leading airlines in the Philippines, providing an insight into how they behaved before and during the pandemic, focusing on their message content and delivery strategy. Utilizing a descriptive-qualitative research design, the study thematically analyzes airlines’ tweets and customer responses. The study contributes communication strategies that can help airlines instill confidence among passengers during and after a crisis, with an emphasis on instructing information, human connection, empathy, and responsiveness, and demonstrates how airlines can strategically optimize the microblogging platform in crisis communication and customer service support.
Economics
Hoang Thi Du; Nguyen Xuan Tho
Volume 10, Issue 10 , October 2023, , Pages 861-874
Abstract
This study empirically investigated the existence of Calendar effects by using closing daily data for the Vietnam index (VN-index) before and during the Covid-19 pandemic. Daily returns of the VN-Index from 2 January 2018 to 12 August 2022 are used in this study to ascertain calendar anomalies in Ho ...
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This study empirically investigated the existence of Calendar effects by using closing daily data for the Vietnam index (VN-index) before and during the Covid-19 pandemic. Daily returns of the VN-Index from 2 January 2018 to 12 August 2022 are used in this study to ascertain calendar anomalies in Ho Chi Minh Stock Exchange (HOSE). To test these effects, the entire study period is divided into two sub-periods: during and before the Covid-19 crisis. Then, the ordinary least square (OLS) method and the Generalized Autoregressive Conditional Heteroskedasticity [GARCH (1,1)] regression model were employed. The empirical results from the OLS model support the occurrence of calendar anomalies for the HOSE both before and during the Covid-19 pandemic while the results of GARCH (1,1) only confirmed the positively significant effect on Friday during the Covid-19 periods. Regarding stock returns, positive returns were found only on Friday, during the Covid-19 pandemic. It implies that Covid-19 has changed the nature of the stock market from efficient to inefficient. The study’s findings suggest that the Covid-19 crisis significantly impacted the daily returns anomaly in Vietnam’s HOSE.
Economics
Mohammad Nazmus Sakib; Abu Hurira; Md Ariful Islam
Abstract
The SARS COV2 pandemic hits the life and livelihoods of millions and consequently slows down the world economy. The pandemic hits hard the specific social groups due to travel restrictions/bans and other regulations that affect their income and consumption patterns. The goal of this paper is to find ...
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The SARS COV2 pandemic hits the life and livelihoods of millions and consequently slows down the world economy. The pandemic hits hard the specific social groups due to travel restrictions/bans and other regulations that affect their income and consumption patterns. The goal of this paper is to find out whether the pandemic has any effect on consumption and income patterns among consumers in rural settings. To implement this study, structured questionnaires were sent to respondents and collect data from 180 samples living in rural areas of four different administrative districts in Bangladesh such as Rajshahi, Bogura, Naogaon, and Natore. Using paired sample T-test (parametric) and Wilcoxon signed ranked test (nonparametric) test found that pandemics had a significant effect on the pattern of consumption and income in the northern area of Bangladesh. While the Keynesian method of income determination shows that the MPC before the COVID-19 pandemic was 0.31 and during it was 0.37. This shows that consumers would like to consume at a higher level compared to them before the COVID-19 pandemic. Overall, the study revealed that though the pandemic significantly affect consumers’ income to reduce, consumption levels inclines fuelled by the fear of panic buying during the pandemic. Government should have preparedness to provide essential goods during any natural disasters or pandemic-like events.
Management
Mohammed Riaz Azam; Shireen Nisha; Jafreen Khan
Abstract
The purpose of this study is to highlight and call for more research into whether higher education institutions (HEIs) senior management teams are positioned as empowered leaders of change to coercively as well as persuasively implement an alternative online teaching and learning platform, disrupting ...
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The purpose of this study is to highlight and call for more research into whether higher education institutions (HEIs) senior management teams are positioned as empowered leaders of change to coercively as well as persuasively implement an alternative online teaching and learning platform, disrupting existing institutions for the benefit of its major stakeholder, students amidst COVID-19. This study used a qualitative meta-analysis method to combine previous qualitative studies to develop deeper meaning through an interpretive process, signalling that more research in this area is required. We argue that the senior management teams in HEIs are influential actors and change agents and have the potential to significantly contribute to institutional work. In addition, we discovered that institutional entrepreneurship has limited research in the study of HEIs and depicts the opportunity to explore the concept of agency and institutional work in the context of HEIs. This study makes a good impression and emphasises the need for future research, particularly on senior management teams at HEIs, to reflect their institutional work in the formation of institutional changes witnessed in the HEIs' virtual classroom platform.
Management
Rajiv Giri
Abstract
This paper examines the impact of COVID-19 lockdown on daily stock returns of banks and financial institutions (BFI) in Nepal. Employing the panel data regression models, this study examines the effect of daily COVID-19 positive cases to the stock returns – during pre-lockdown, lockdown, and after-lockdown ...
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This paper examines the impact of COVID-19 lockdown on daily stock returns of banks and financial institutions (BFI) in Nepal. Employing the panel data regression models, this study examines the effect of daily COVID-19 positive cases to the stock returns – during pre-lockdown, lockdown, and after-lockdown period – of 74 listed firms in Nepal from 2 May 2019 to 25 April 2021. The empirical results confirm that there was no significant impact of daily increased number of COVID-19 positive cases to the stock returns of BFIs in Nepal throughout the entire study period. Furthermore, this study inquires the influence of pandemic period to the individual class of the BFIs sector in NEPSE[1]. It discloses that the commercial banks, development banks and microfinance companies’ stock returns were adversely impacted during the pre-lockdown and lockdown period. However, after-lockdown period had significantly rebounded the overall BFIs stock returns in Nepal with the highest returns earned by microfinance companies and lowest return by commercial banks. [1] Nepal Stock Exchange Limited
Management
Md. Rezaul Karim; Sifat Ara Saba
Abstract
This paper has tried to assess the impact of COVID-19 on stock return in different sectors listed under Dhaka Stock Exchange in Bangladesh during the period from 08 March 2020 to 15 September 2020. To measure the impact of COVID-19 on stock return, daily change in number of confirmed cases and ...
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This paper has tried to assess the impact of COVID-19 on stock return in different sectors listed under Dhaka Stock Exchange in Bangladesh during the period from 08 March 2020 to 15 September 2020. To measure the impact of COVID-19 on stock return, daily change in number of confirmed cases and deaths have been used as independent variables and DSE stock return has been taken as variable of interest. Data were collected from Bangladesh Government’s official portal, DSE archive and annual reports of listed firms. Sample is selected using two stage sampling method which is a probabilistic model. To test the validity of the used model, Pearson’s correlations analysis, Breusch and Pagan’s heteroscedasticity test, White’s homoscedasticity test and Hausman’s fixed random tests are conducted. After testing the validity, fixed effect method of panel data regression model has been used to test the two hypotheses. The result reveals that most of the sectors responded negatively to the growth in COVID-19 confirmed cases. It is also observed that selected sectors reacted more proactively to the growth in number of deaths as compared to the growth in number of confirmed cases. Where banking and textile sectors are the most sufferers to the growth of both confirmed cases and deaths, pharmaceuticals & chemicals industry proved out to be the gainers. The findings will have policy implications for the regulators as well as for the investors to design the optimum portfolio of investment. The study will add new dimensions to the existing literature.
Economics
Muhumed Mohamed Muhumed
Abstract
The global economy has plummeted since the COVID-19 pandemic hit the world in early 2020. While the economic effect of the pandemic has been felt globally, it was grave in Sub-Saharan Africa due to the region’s fragility. This article aims to probe the economic impact of COVID-19 in Sub-Saharan ...
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The global economy has plummeted since the COVID-19 pandemic hit the world in early 2020. While the economic effect of the pandemic has been felt globally, it was grave in Sub-Saharan Africa due to the region’s fragility. This article aims to probe the economic impact of COVID-19 in Sub-Saharan Africa and while doing so, examines the effect by sector, giving specific emphasis to the most affected sectors - among these are tourism, commodity exports and trade, remittances, and financial and fiscal sectors. Moreover, the study attempts to understand how the pandemic contributed to or rather exacerbated the existing problems in the region including poverty, unemployment, and inequality. As a result of the pandemic, hard-earned economic growth has been reversed, millions have been pushed into poverty, inequality has widened, and entire sectors have collapsed or extremely crippled. Above all, the pandemic pushed Sub-Saharan Africa into the first recession in twenty-five years.
Management
Mohammad Karami; Shokoufeh Karami
Abstract
Since early this year, the world has been facing a hazardous new generation of coronavirus named COVID-19 which has rapidly spread to the extent that it has drowned the world into the pandemic condition. The spread of this pandemic has generated a strong contagion effect across markets around the ...
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Since early this year, the world has been facing a hazardous new generation of coronavirus named COVID-19 which has rapidly spread to the extent that it has drowned the world into the pandemic condition. The spread of this pandemic has generated a strong contagion effect across markets around the globe. Therefore, it is necessary to examine the impact of COVID-19 for as many markets as possible. This paper aims to analyze the cosmetic retail market’s behavior in the time of the COVID-19 pandemic using a combination of graphical statistics tools to observe the monthly growth of production and sales in cosmetic retail and toilet articles for the period from October 2019 to August 2020. The results assume that the COVID-19 can have a black swan effect on the cosmetic micro-market. These findings are remarkable for the cosmetic sector's investors and marketers to enhance their understanding of cosmetic retail market behavior during unpredictable events such as pandemics.
Economics
Agnes Quartina Pudjiastuti
Abstract
Farmers in Sumberejo Village cultivate vegetables simultaneously during certain seasons on their land. This study aims to analyze potential for increased production vegetables during Covid-19 pandemic. Data collected from 45 randomly selected farmers were analyzed using Cobb Douglas production function. ...
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Farmers in Sumberejo Village cultivate vegetables simultaneously during certain seasons on their land. This study aims to analyze potential for increased production vegetables during Covid-19 pandemic. Data collected from 45 randomly selected farmers were analyzed using Cobb Douglas production function. The analysis showed that land area had a very significant effect and positive on the production of celery, mustard greens and red chilies. Seeds did not have a significant effect on celery and mustard greens production, but had a significant effect on red chilies. Fertilizers did not have a significant effect on the vegetables yields. Labor had a significant effect in different directions on celery production (positive) and pakcoy (negative), but does not have a significant effect on red chili. Pesticides only had a significant effect and positive on celery, while the mustard greens and red chilies have no significant effect. During a pandemic, the expansion of production vegetables included in category increasing return to scale, because sum of input coefficients was greater than one. These results can be a signal for farmers to increase their production. Government should regulate distribution of these commodities and the prices stability because people must keep their distance.
Management
Bhagyavi Sandareka Habaragoda
Abstract
Educational institutions in Sri Lanka like schools and universities were primarily based on traditional face-to-face mode of teaching until the beginning of year 2020. The sudden outbreak of Covid-19 shook the entire world while challenging the education system across the globe. The situation led universities ...
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Educational institutions in Sri Lanka like schools and universities were primarily based on traditional face-to-face mode of teaching until the beginning of year 2020. The sudden outbreak of Covid-19 shook the entire world while challenging the education system across the globe. The situation led universities and other educational institutions to shift their teaching/learning activities to online mode from on campus, almost overnight. Online education was not popular in Sri Lanka by the time of this rapid transition and there were very fewer number of online courses offered by limited number of universities. Online teaching/learning that emerged with the pandemic, has been challenging in Sri Lankan university system as students, teachers and administrators were not either prepared or trained for it. This paper attempts to explore key challenges confronted with the implementation of online pedagogical approach, so that this understanding may help universities to enhance the experiences in online teaching/learning in future endurances. Amongst several, lack of training in pedagogy for online teaching is the severest challenge faced by many institutions. Most of the instructors were new to online teaching and had shifted with little or no training or preparation specific to this mode of delivery. Instructors must receive proper professional training and development to have higher expectations and to adapt their teaching to appropriate online teaching strategies.
