IDEAS home Printed from https://ideas.repec.org/a/ers/journl/vxxivy2021ispecial1-part1p386-402.html
   My bibliography  Save this article

Corporate Reporting in the Time of COVID-19: Analysis of Information Disclosed by Selected Companies Listed on the Warsaw Stock Exchange

Author

Listed:
  • Boguslaw Waclawik

Abstract

Purpose: The aim of the paper is to present the most important changes introduced in the balance sheet in the field of financial reporting and the impact of Sars-Cov-2 on the operating activities and financial results of selected companies from the Warsaw Stock Exchange (WSE). Design/Methodology/Approach: The article was prepared based on a review of domestic and foreign literature, market analyses of consulting companies such as Deloitte, Ernst & Young, KPMG, PricewaterhouseCoopers, reports, and recommendations issued by the Polish Financial Supervision Authority (UKNF), guidelines of the European Securities and Markets Authority (ESMA) and financial statements of selected stock exchange companies from the Warsaw Stock Exchange. Findings: The conducted research showed that Covid-19 had a significant impact on the financial data presented in the financial statements of selected companies from the Warsaw Stock Exchange. In the case of CCC SA, the management board was forced to issue shares to maintain liquidity. The results of banks show that individuals and enterprises repay their loans to a high degree, which may prove their good financial condition. The dangers of the coronavirus pandemic are still there. The analysis of the financial statements also showed that some companies ignored the risks associated with the pandemic. Practical Implications: The article presents the impact of changes made in legal regulations and accounting regulations on the reported results and financial information. Originality/value: The studies attempted to demonstrate the impact of COVID on the financial performance of enterprises.

Suggested Citation

  • Boguslaw Waclawik, 2021. "Corporate Reporting in the Time of COVID-19: Analysis of Information Disclosed by Selected Companies Listed on the Warsaw Stock Exchange," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 1), pages 386-402.
    • Handle: RePEc:ers:journl:v:xxiv:y:2021:i:special1-part1:p:386-402
    as

    Download full text from publisher

    File URL: https://ersj.eu/journal/2049/download
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Pinglin He & Hanlu Niu & Zhe Sun & Tao Li, 2020. "Accounting Index of COVID-19 Impact on Chinese Industries: A Case Study Using Big Data Portrait Analysis," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 56(10), pages 2332-2349, August.
    2. Chia-Lin Chang & Michael McAleer & Wing-Keung Wong, 2020. "Risk and Financial Management of COVID-19 in Business, Economics and Finance," JRFM, MDPI, vol. 13(5), pages 1-7, May.
    3. Alexander W. Bartik & Marianne Bertrand & Zoe Cullen & Edward L. Glaeser & Michael Luca & Christopher Stanton, 2020. "The impact of COVID-19 on small business outcomes and expectations," Proceedings of the National Academy of Sciences, Proceedings of the National Academy of Sciences, vol. 117(30), pages 17656-17666, July.
    4. Stanislaw Honko & Marzena Remlein & Malgorzata Rowinska-Kral & Katarzyna Swietla, 2020. "Effects of COVID-19 in the Financial Statements of Selected Companies Listed in Warsaw Stock Exchange," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 854-871.
    5. Pinglin He & Hanlu Niu & Zhe Sun & Tao Li, 2020. "Accounting Index of COVID-19 Impact on Chinese Industries: A Case Study Using Big Data Portrait Analysis," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 56(10), pages 2332-2349, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:ers:journl:v:xxiv:y:2021:i:special1:p:386-402 is not listed on IDEAS
    2. Marsh, W. Blake & Sharma, Padma, 2024. "Loan guarantees in a crisis: An antidote to a credit crunch?," Journal of Financial Stability, Elsevier, vol. 72(C).
    3. Francesco Ciampi & Alessandro Giannozzi & Giacomo Marzi & Edward I. Altman, 2021. "Rethinking SME default prediction: a systematic literature review and future perspectives," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(3), pages 2141-2188, March.
    4. Tamat Sarmidi & Norlin Khalid & Muhamad Rias K. V. Zainuddin & Sufian Jusoh, 2021. "The COVID-19 Pandemic, Air Transport Perturbation, and Sector Impacts in ASEAN Plus Five: A Multiregional Input–Output Inoperability Analysis," Working Papers DP-2021-01, Economic Research Institute for ASEAN and East Asia (ERIA).
    5. Charlie Tchinda & Marcus Dejardin, 2021. "Are Business Policy Measures in Response to the COVID-19 Pandemic to Be Equally Valued? An Exploration According to SMEs Owners’ Business Expectations," Sustainability, MDPI, vol. 13(21), pages 1-42, October.
    6. Dalina-Maria Andrei, 2022. "Objectives And Difficulties In Sme?S Sector In Romania," Management Strategies Journal, Constantin Brancoveanu University, vol. 56(2), pages 29-36.
    7. Maraseni, Tek & Poudyal, Bishnu Hari & Aryal, Kishor & Laudari, Hari Krishna, 2022. "Impact of COVID-19 in the forestry sector: A case of lowland region of Nepal," Land Use Policy, Elsevier, vol. 120(C).
    8. Nicholas Bloom & Philip Bunn & Paul Mizen & Pawel Smietanka & Gregory Thwaites, 2025. "The Impact of Covid-19 on Productivity," The Review of Economics and Statistics, MIT Press, vol. 107(1), pages 28-41, January.
    9. Dai, Ruochen & Mookherjee, Dilip & Quan, Yingyue & Zhang, Xiaobo, 2021. "Industrial clusters, networks and resilience to the Covid-19 shock in China," Journal of Economic Behavior & Organization, Elsevier, vol. 183(C), pages 433-455.
    10. Lafortune, Jeanne & Pugatch, Todd & Tessada, José & Ubfal, Diego, 2022. "Can interactive online training make high school students more entrepreneurial? Experimental evidence from Rwanda," GLO Discussion Paper Series 1041, Global Labor Organization (GLO).
    11. Buchheim, Lukas & Dovern, Jonas & Krolage, Carla & Link, Sebastian, 2022. "Sentiment and firm behavior during the COVID-19 pandemic," Journal of Economic Behavior & Organization, Elsevier, vol. 195(C), pages 186-198.
    12. Fabiane Tubino Garcia & Carla Schwengber ten Caten & Elaine Aparecida Regiani de Campos & Aline Marian Callegaro & Diego Augusto de Jesus Pacheco, 2022. "Mortality Risk Factors in Micro and Small Businesses: Systematic Literature Review and Research Agenda," Sustainability, MDPI, vol. 14(5), pages 1-37, February.
    13. Guerini, Mattia & Nesta, Lionel & Ragot, Xavier & Schiavo, Stefano, 2024. "Zombification of the economy? Assessing the effectiveness of French government support during COVID-19 lockdown," Journal of Economic Behavior & Organization, Elsevier, vol. 218(C), pages 263-280.
    14. Anand, Amitabh & Singh, Sanjay Kumar & Bowen, Melanie & Rangarajan, Deva, 2024. "Strategic renewal during crises - A pragmatist proposition for multinational enterprises in a globalized world," Journal of International Management, Elsevier, vol. 30(3).
    15. Chen, Yutong & Debnath, Sisir & Sekhri, Sheetal & Sekhri, Vishal, 2023. "The impact of Covid-19 containment lockdowns on MSMEs in India and resilience of exporting firms," Journal of Economic Behavior & Organization, Elsevier, vol. 210(C), pages 320-341.
    16. Ariful Islam & Adil Mansoor & Mostafizur Rahman & Sazali Abd Wahab, 2020. "Adjusting A Strategic Cash-Flow Model For Bangladeshi Small And Medium Enterprises: The Art Of Surviving Covid-19 Emergency," Business Excellence and Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 10(5), pages 194-213, October.
    17. Huang, Zhi-xiong & Yang, Xiandong, 2021. "Carbon emissions and firm innovation," Economic Analysis and Policy, Elsevier, vol. 69(C), pages 503-513.
    18. Hisler, Garrett C. & Twenge, Jean M., 2021. "Sleep characteristics of U.S. adults before and during the COVID-19 pandemic," Social Science & Medicine, Elsevier, vol. 276(C).
    19. Bianco, Débora & Bueno, Adauto & Godinho Filho, Moacir & Latan, Hengky & Miller Devós Ganga, Gilberto & Frank, Alejandro G. & Chiappetta Jabbour, Charbel Jose, 2023. "The role of Industry 4.0 in developing resilience for manufacturing companies during COVID-19," International Journal of Production Economics, Elsevier, vol. 256(C).
    20. Charlene Marie Kalenkoski & Sabrina Wulff Pabilonia, 2022. "Impacts of COVID-19 on the self-employed," Small Business Economics, Springer, vol. 58(2), pages 741-768, February.
    21. Hensvik, Lena & Le Barbanchon, Thomas & Rathelot, Roland, 2021. "Job search during the COVID-19 crisis," Journal of Public Economics, Elsevier, vol. 194(C).

    More about this item

    Keywords

    Financial reporting; IFRS; Sars-Cov-2; Poland; Warsaw Stock Exchange (WSE).;
    All these keywords.

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ers:journl:v:xxiv:y:2021:i:special1-part1:p:386-402. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marios Agiomavritis (email available below). General contact details of provider: https://ersj.eu/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.