Please use this identifier to cite or link to this item: https://ir.iimcal.ac.in:8443/jspui/handle/123456789/4295
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dc.contributor.authorNazarova, Varvara-
dc.contributor.authorOlga, Golovina-
dc.contributor.authorKsenia, Volosatova-
dc.contributor.authorKsenia, Yarusova-
dc.date.accessioned2023-02-27T16:53:55Z-
dc.date.available2023-02-27T16:53:55Z-
dc.date.issued2022-03-
dc.identifier.issn0304-0941(print version)-
dc.identifier.urihttps://ir.iimcal.ac.in:8443/jspui/handle/123456789/4295-
dc.descriptionV. Nazarova, G. Olga V. Ksenia Y. Ksenia National Research University Higher School of Economics, Russia Soyuza Pechatnikov St, 16, 190008 Saint Petersburg, Russia |en_US
dc.description.abstractOne of the important financial issues for the public companies is how to achieve the most optimal way to maximize firm value and shareholder wealth in a competitive environment. Another problem is connected with the search for an efficient method of the evaluation of social media mood impact on companies’ values as it creates their image and reputation. The paper aims to investigate the impact of financial indicators and news related to enterprise on luxury companies’ performance. Luxury industry is chosen as an object of the study as it has a range of specifics, which can cause the changes in the variables’ effects. To accomplish the purpose of the research, the authors design fixed-effects regression models on a sample of 45 European, Asian and American luxury companies for the period 2010–2019 and conduct sentiment, correlation and Grangercausality analyses using the extracted Twitter data. The results show that net margin, return on investments, total revenue, earnings per share, current ratio and asset turnover have a significant positive effect on the luxury companies’ market capitalization, while total debt percentage of total equity influences negatively and significantly. The study also finds that participation in M&A and luxury companies’ location have a significant impact on their market capitalization. Various impacts within the specifics of luxury sectors are also established for the sample examined in this research. Furthermore, strong relationships between news background and companies’ performance are discovered.en_US
dc.language.isoen_USen_US
dc.publisherIndian Institute of Management Calcutta, Kolkataen_US
dc.relation.ispartofseriesVol. 49;No. 1-
dc.subjectCompanies’ performanceen_US
dc.subjectMarket capitalizationen_US
dc.subjectFinancial ratiosen_US
dc.subjectNews backgrounden_US
dc.subjectLuxury industryen_US
dc.titleDrivers’ estimation of the luxury companiesen_US
dc.typeArticleen_US
Appears in Collections:Issue 1, March 2022

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