Comparative analysis of small and medium-sized enterprises (SMES) versus large companies during the COVID-19 pandemic: Evidence from Moroccan financial market

Alahyan Abdellah (), Mouncif Harabida () and Bouchra Radi ()

Edelweiss Applied Science and Technology, 2024, vol. 8, issue 6, 8081-8090

Abstract: The COVID-19 pandemic significantly affected global financial markets, and Morocco proved no exception. This article analyzes the impact of the pandemic-related announcement on the stock market returns of small and medium-sized enterprises (SMEs) and large companies listed on the Casablanca Stock Exchange. Using event study methodology. This research reveals that SMEs suffered more significant and prolonged declines in stock market returns than large companies, which demonstrated greater resilience. The results underline the importance of adopting crisis management strategies tailored to the specific characteristics of companies according to their capitalization. This offers insights for decision-makers, investors and managers seeking to navigate through periods of major economic turbulence.

Keywords: Casablanca stock exchange; COVID-19; Event study; Large companies; SMEs; Stock returns. (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://learning-gate.com/index.php/2576-8484/article/view/3747/1408 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ajp:edwast:v:8:y:2024:i:6:p:8081-8090:id:3747

Access Statistics for this article

More articles in Edelweiss Applied Science and Technology from Learning Gate
Bibliographic data for series maintained by Melissa Fernandes ().