The Impact of Covid-19 Pandemic on the Stock Market Performance: A Study on Dhaka Stock Exchange (DSE)

Hossain, Tarik; Nesa, Taslimun; Dowla, Shaikh Ud; Akter, Farjana

doi:10.18488/journal.62.2021.85.390.408

Cited by 6 publications

(9 citation statements)

References 31 publications

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“…Companies provide dividends considering the present financial conditions and longterm strategic plans. Investors invest their funds to get a return as a dividend or capital gain (Tarik Hossain, 2013;Hossain, Nesa, Dowla, & Akter, 2021). Here dividend is a very integral factor to consider in making investment decisions.…”

Section: Introductionmentioning

confidence: 99%

Determinants of the dividend payout policy of multinational companies in Bangladesh: Evidence from Dhaka stock exchange

Hossain,

Khalifa,

Ahmmed

2023

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This study tries to establish the important factors influencing the dividend payout policy of the Multinational Companies (MNCs) in Bangladesh in order to assist investors in making the best possible investment decisions. Data for this study was collected from several MNCs listed on the DSE from 2015 to 2021. The relationship between the dependent variable, Dividend Payout Ratio (DPR) and selected independent variables such as Return on Equity (ROE), Liquidity Ratio (LEQR), Leverage Ratio (LEVR), Firm Size (FS), Dividend Payout Ratio of Previous Year (PDPR), Corporate Tax Ratio (CTR) and Capital Adequacy Ratio (CAR) is evaluated using Pearson's correlation and Ordinary Least Squares (OLS) regression models for data analysis and hypothesis testing. The regression analysis results showed a mixed result. The ROE and CTR are significantly related to DPR. Higher ROE and CTR emphasis a higher dividend for stock holders. The FS is significantly negatively related to DPR. Due to the costs associated with paying for the profits of substantial assets, large firms pay lower dividends. Other variables such as LEQR, LEVR, PDPR, CTR and CAR have no significant impact on the DPR. The investors and the concerned authorities can consider ROE, CTR and FS to forecast the future dividend for the MNCs in Bangladesh.

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Section: Introductionmentioning

confidence: 99%

Determinants of the dividend payout policy of multinational companies in Bangladesh: Evidence from Dhaka stock exchange

Hossain,

Khalifa,

Ahmmed

2023

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“…During COVID-19, industries worldwide were operating under the threat of the world financial markets (Bahrini and Filfilan, 2020;Bakhshi and Chaudhary, 2020). The lockdown caused unemployment to increase, interest rates to decrease, and the stock market became extremely volatile (Hossain, Nesa, Dowla, & Akter, 2021). Millions of people fell into poverty as a result of the pandemic, businesses faced extinction, the workforce experienced job losses, and society saw a paradigm shift.…”

Section: Introductionmentioning

confidence: 99%

“…The COVID-19 pandemic has affected several industries and ruined some of them globally. The COVID-19 pandemic affected almost all the economic sectors of the country, including the stock markets in Bangladesh (Hossain et al, 2021). The Bangladeshi engineering sector is a powerful sector under DSE, which plays a vital role in the economy of Bangladesh (Bhuiyan and Masum, 2010).…”

Section: Introductionmentioning

confidence: 99%

“…The flow of foreign remittances also reduced (Bhuiyan, 2020), although the foreign reserve of the country increased during the COVID-19 Period. The foreign reserves of the country have increased as Bangladesh has more imports compared to exports (Hossain et al, 2021). In this empirical study, the engineering sector has been selected as its economic activities have mostly hampered during the COVID-19 pandemic (Sierra, 2022).…”

Section: Introductionmentioning

confidence: 99%

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Financial Performance of Engineering Companies in an Emerging Economy: Before and After Covid-19

Hossen,

Roy,

Masum

2023

RIMA

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The COVID-19 pandemic had a significant impact on numerous companies in emerging economies, including the engineering sector, due to factors such as lockdown restrictions and disruptions in the supply chain. Moreover, many companies within the engineering sector witnessed a decline in their financial performance as a result of the pandemic. This study is conducted to assess the influence of COVID-19 on the financial performance of the engineering sector in emerging country - Bangladesh. The study considers the secondary data from the listed companies in Dhaka Stock Exchange, focusing on engineering companies. This study utilized a quantitative research methodology employing a thematic approach. To evaluate financial performance, changes in net profit, changes in revenue growth and three relative performance ratios - liquidity ratio, profitability ratio and solvency ratio are used to compare the corporate performance before and after the COVID-19 pandemic in Bangladesh. It is found that the financial performances in the listed companies in Bangladesh are not facing as much obstacle as it is observed in developed economy. This result implies that the impact of covid-19 is sharply visible in the economy but it is not as much risky as the developed economy. This result will help the corporate people in the developing economy to adopt necessary initiatives to cope up the upcoming natural issues.

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“…Increase in per capita cement consumption will also led the industry become boom subject to some abnormal situation faced like Covid-19 pandemic. Profit decreases of most of the business due to Covid-19 pandemic all over the world (Hossain, Nesa, Dowla, & Akter, 2021). Like other industry profit maximization is the main objective of cement industry also.…”

Section: Introductionmentioning

confidence: 99%

Predicting the Bankruptcy of Cement Companies in Bangladesh: A Study on Dhaka Stock Exchange

Hoque

Hossain

Saha

2022

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The financial status of a company can be measured and predicted using a variety of tools, techniques, and models like ratio analysis, vertical and horizontal analysis, etc. The objective of this study is to identify the bankruptcy position of Bangladeshi-listed cement companies. The Altman Z-Score model has been used here to assess the intensity of insolvency of Bangladeshi cement businesses with listings on Dhaka Stock Exchange (DSE) considering financial information from 2018 to 2021 using Altman Z-Score model. The data has been analyzed using Statistical Package for Social Sciences (version 28.0.1.1) and also Microsoft excel. DSE currently lists seven (07) cement companies. According to the research, Heidelberg Cement Limited and Lafarge Holcim Bangladesh Limited are in the secure region having the maximum Z value of 33.47 and the minimum Z value is 3.17. Confidence Cement Limited, Meghna Cement Limited and Crown Cement Limited in 2021 are in the grey region having the maximum Z value of 2.71 and the minimum Z value of 1.82. Aramit Cement Limited, Crown Cement Limited, and Premier Cement Mills Limited are in the bankrupt region having the Z value of less than 1.80. These three companies must outperform in sales with the improvement in operational costs to overcome bankruptcy. We found a positive correlation between all of the five independent variables and the dependent variable (Z Score).

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The Impact of Covid-19 Pandemic on the Stock Market Performance: A Study on Dhaka Stock Exchange (DSE)

Cited by 6 publications

References 31 publications

Determinants of the dividend payout policy of multinational companies in Bangladesh: Evidence from Dhaka stock exchange

Determinants of the dividend payout policy of multinational companies in Bangladesh: Evidence from Dhaka stock exchange

Financial Performance of Engineering Companies in an Emerging Economy: Before and After Covid-19

Predicting the Bankruptcy of Cement Companies in Bangladesh: A Study on Dhaka Stock Exchange

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