Comparison of the Impacts of the Financial Crisis and the Covid-19 Pandemic Crisis on Selected Financial Indicator of Construction Companies

ABSTRACT

In the past, there have been several major and minor economic crises in global society. The financial crisis in 2008 was one of the biggest economic crises since the Great Depression in 1928. The crisis was a direct result of the decline in liquidity in global financial markets that arose in the United States as a result of the collapse of the US housing market. The Covid-19 pandemic crisis stunned all aspects of society and saw dramatic effects on society's socio-economic spectrum. The paper analyzes the effects of selected crises on the profitability of sales. The research analyzed data from companies that belong to the TOP 100 construction companies operating in Slovakia and their activities began before 2008. The data used in the survey were obtained from the annual reports of selected companies and publicly available economic portals. The aim of the paper is to compare the profitability of sales and results of selected construction companies in three periods, namely during the financial crisis in 2008, in 2014, which can be specified as a transitional period, or the market stabilized after the financial crisis and the crisis caused by the Covid-19 pandemic. The survey will result in conclusions and future recommendations that will help eliminate the adverse effects of future crises on the activities of construction companies. © 2023, The Author(s), under exclusive license to Springer Nature Switzerland AG.