Volume 15, Issue 58 (2-2025)
jemr 2025, 15(58): 129-185 |
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Kianpoor S, motaghi S. Analysis of spillovers of fluctuations between performance indicators of metal industries in global crises (emphasis on the Covid-19 health crisis). jemr 2025; 15 (58) :129-185
URL: http://jemr.khu.ac.ir/article-1-2414-en.html
URL: http://jemr.khu.ac.ir/article-1-2414-en.html
1- payame noor tehran
2- Allameh Tabatabai University ,samira.motaghi@gmail.com
2- Allameh Tabatabai University ,
Abstract: (1319 Views)
Objective: This research analyzes the spillover of fluctuations on the performance indicators of the metal industries, with an emphasis on the Covid-19 crisis in the period 1390 to 1402 (2011 to 2023).
Materials and Methods For this purpose, the quantile autoregressive panel model has been used, which allows the analysis of nonlinear relationships and quantile-based dependencies between companies. This model examines volatility spillovers in different market conditions (including crisis periods) by focusing on different quantiles (0.25, 0.5, and 0.75).
Results Analyses show that economic fluctuations have particularly affected the financial performance of metal companies, reducing their profitability and liquidity. Also, companies that have been able to respond quickly to market changes and maintain their reputation have performed better.
Conclusion: This research emphasizes the importance of risk management and optimizing financial resources in the face of crises and can be considered as a resource for analysts and managers of the metal industries to improve resilience and performance in crisis situations.
Originality: During the COVID-19 health crisis, the metal industry faced serious challenges due to severe economic fluctuations and disruptions in the supply chain. This study shows that the volatility caused by the Covid-19 crisis has had significant impacts on return on assets, financial constraints, and sales rates in these industries.
Materials and Methods For this purpose, the quantile autoregressive panel model has been used, which allows the analysis of nonlinear relationships and quantile-based dependencies between companies. This model examines volatility spillovers in different market conditions (including crisis periods) by focusing on different quantiles (0.25, 0.5, and 0.75).
Results Analyses show that economic fluctuations have particularly affected the financial performance of metal companies, reducing their profitability and liquidity. Also, companies that have been able to respond quickly to market changes and maintain their reputation have performed better.
Conclusion: This research emphasizes the importance of risk management and optimizing financial resources in the face of crises and can be considered as a resource for analysts and managers of the metal industries to improve resilience and performance in crisis situations.
Originality: During the COVID-19 health crisis, the metal industry faced serious challenges due to severe economic fluctuations and disruptions in the supply chain. This study shows that the volatility caused by the Covid-19 crisis has had significant impacts on return on assets, financial constraints, and sales rates in these industries.
Type of Study: Applicable |
Subject:
سایر
Received: 2025/06/9 | Accepted: 2025/12/20 | Published: 2026/02/2
Received: 2025/06/9 | Accepted: 2025/12/20 | Published: 2026/02/2
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