ABSTRACT
The impact of Covid-19 on the global economy's functioning and the long-term growth of supply chains was first reported in Türkiye in March 2020. The purpose of this study is to determine whether the Covid-19 pandemic has had an impact on the financial and economic structure performance of Turkish sea freight transport sector, as well as how the sector has adapted to the new reality brought on by Covid-19. In this regard, the consolidated financial statements of 997 companies for the year 2020 were studied using ratio analysis, and the results were compared to the financial outputs of the 2008 global financial crisis and the European sovereign dept crisis. As a result of the study, it was determined that the sector's response to crises in different time periods varied. In order to avoid debt default during the pandemic, the capital structure restricted short-term resources while increasing long-term resources. Despite the pandemic conditions, it has been noticed that there are no barriers to accessing money market instruments in the sector, that the working capital structure has been enhanced, and that a balanced financing plan has been established to ensure the continuity of cash flows. This is the first study that analyses the sector as a whole, reveals the financial and economic repercussions of the pandemic on the sector, and compares these effects to those of recent financial crises. In addition, authorities of the maritime transport industry in other countries will find this helpful research for conducting comparative analyses, and the findings can be generalised.
ABSTRACT
During financial crises or other unexpected events, investors often seek to include lower-risk assets in their portfolios. Some assets are more sensitive than others to such phenomena. In the equities markets, adjustments tend to be made to the shareholdings of companies that are associated with a higher level of uncertainty. In this work, we explore the evolution of shareholder structure of various well-known companies in the technology sector during the COVID-19 pandemic and beyond. We model, as graphs, shareholder ownership data about twenty US-listed companies between 2020 and 2022. We use freely available tools to explore the bipartite interactions and generate a wide range of topologies that facilitate the identification of how shareholding structures have evolved during the pandemic. In addition, we study the role that some nodes play in the network topology and the process of change that is observed. Our findings include that (1) most investors reduced the amount invested in technology stocks during the pandemic and that these investments tended to bounce back in the post-pandemic era;(2) Vanguard Group, Inc., is the most influential investor in the network;(3) Apple has the highest market capitalization of all technology stocks for all quarters in this study, Microsoft Corp has a significantly lower market capitalization, but a significantly higher number of investors;and (4) While investors for Apple and Microsoft tend to be from London and New York, companies such as Oracle have investors from a variety of locations. © 2022 Copyright for this paper by its authors. Use permitted under Creative Commons License Attribution 4.0 International (CC BY 4.0).