ISSN 2409-7616

Nikolenko P.G., Terekhov A.M., Lazutina A.L.


UDC 338.1


Nikolenko P.G.1 (Knyaginino, Russian Federation) –, Terekhov A.M.2 (Nizhny Novgorod, Russian Federation) –, Lazutina A.L.1 (Knyaginino, Russian Federation) –

1Nizhny Novgorod State University of Engineering and Economics

2Russian State University of Justice

Abstract. The aim of the work is to assess the statistical relationship between the spread of the incidence of coronavirus infection during the pandemic crisis with the market value of shares in the industrial sector of Germany. The problems of the industry associated with the negative consequences of the crisis are highlighted. The impact of the pandemic on the dynamics of the value of assets was assessed using correlation analysis tools based on data on the incidence of COVID-19 and the value of shares of the studied enterprises of the German industrial sector. Analysis of the calculations obtained showed that in the first wave of COVID-19, the strongest statistical links of infection were observed with the profitability of Freightways, Aofrio, Scott Tech and Skellerup shares. Relatively high values of statistical correlation were observed in the second wave of the pandemic for Scott Tech and Port Tauranga. In general, the shares of the following companies were the most exposed to the negative impact of COVID-19: Skellerup and Freightways; the most stable were the shares of companies: Port Tauranga and Hydrotec Gesellschaft. Despite the negative impact of the pandemic, the German economy began to recover rapidly. This was facilitated by the measures taken to support, stimulate and gradually remove restrictions. Despite the fact that German enterprises showed higher resistance to the pandemic crisis, and the management of enterprises made various efforts to increase production, in general, there was a decline in industrial production.

Keywords: COVID-19 pandemic, industrial sector, German economy, pandemic shock, statistical relations.


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For citation: Nikolenko P.G., Terekhov A.M., Lazutina A.L. The impact of the COVID-19 pandemic on the dynamics of the profitability of shares in the German industrial sector. CITISE, 2023, no. 3, pp. 505-514. DOI: