The impact of COVID-19 on firm risks: The case of real estate firms listed on the Vietnamese stock market


Authors

  • Dinh Thi Quynh Anh VNU University of Economics and Business
  • Nguyen Thi Nhung VNU University of Economics and Business
DOI: https://doi.org/10.57110/vnu-jeb.v4i5.404

Keywords:

Firm risks, real estate firms, market risks, business risks, financial risks

Abstract

This article aims to examine the impact of COVID-19 on the risk of Vietnamese real estate (RE) firms from both a static perspective (based on book value) and a dynamic perspective (based on market value). By utilizing data from 78 real estate companies listed on the Vietnamese stock market, covering the period from the second quarter of 2018 to the first quarter of 2024, and employing the Paired-Samples T-Test method in SPSS, this research demonstrates that financial risk, market risk, and total risk for real estate firms continuously increased even after lockdown measures were lifted. Besides, the business risk of real estate firms decreased during the COVID-19 period and started to rise again after the pandemic ended, whereas idiosyncratic risk only increased during COVID-19 and subsequently remained at high levels.

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25-10-2024

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How to Cite

Dinh Thi Quynh Anh, & Nguyen Thi Nhung. (2024). The impact of COVID-19 on firm risks: The case of real estate firms listed on the Vietnamese stock market. VNU JOURNAL OF ECONOMICS AND BUSINESS, 4(5), 40. https://doi.org/10.57110/vnu-jeb.v4i5.404

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Original Article