Author(s) :

Anna Dereń Ph.D., Katarzyna Strojny Ph.D..

Volume/Issue :

Abstract :

Globalization is ingrained in our lives. On one hand, it significantly facilitates life; on the other hand, it brings along a set of threats. One such threat is the rapid spread of crises. In economic terms, a crisis is defined as an economic downturn resulting in reduced production, decreased investment, and lower societal income. This phenomenon often accompanies a rise in unemployment. The coronavirus pandemic initiated socio-economic turbulence on an unprecedented scale. The spread of the coronavirus in early 2020 led to increased stock price volatility worldwide, a decline in nominal interest rates, and a decrease in real GDP. Immense uncertainty was associated with the ultimate scale of the epidemic, measured by the number of infected individuals and deaths from COVID-19. In the first phase of the pandemic, governments worldwide took various preventive actions primarily aimed at protecting the lives and health of citizens. Isolation, travel restrictions, and prohibitions on various activities were all primarily geared towards preventing the spread of infections. Unfortunately, these actions did not leave Polish companies unaffected. Restrictions, bans, and limitations most often had a negative impact on businesses, especially those operating in industries related to human contact. Problems were noted in gastronomy, tourism, and the entertainment industry. Conversely, companies operating in the areas of online commerce, courier services, medical services, and the production of hygiene or medical products flourished. The aim of this article is to demonstrate the impact of unusual phenomena on the financial results of companies from different industries. The analysis covers the years 2019-2022, encompassing both the Covid-19 pandemic and the war in Ukraine. The companies subjected to the study are from the gastronomy, clothing, and medical industries, listed on the Warsaw Stock Exchange. To achieve this goal, a literature review was conducted, and a case study was utilized.

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