CRISIS SITUATIONS IN THE WORLD AND THEIR IMPACT ON STOCK MARKET INVESTMENTS

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F75081431%3A_____%2F23%3A00002583" target="_blank" >RIV/75081431:_____/23:00002583 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.magnanimitas.cz/ADALTA/1301/papers/A_kuchar.pdf" target="_blank" >https://www.magnanimitas.cz/ADALTA/1301/papers/A_kuchar.pdf</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

CRISIS SITUATIONS IN THE WORLD AND THEIR IMPACT ON STOCK MARKET INVESTMENTS

Popis výsledku v původním jazyce

The paper examines the behavior of investors in times of economic crises when investing in the S &amp; P 500 Index, gold and the cryptocurrency Bitcoin. The results of the descriptive analysis show that the decision-making of investors in times of economic crises is reflected in the development of the S &amp; P 500 Index by a decrease in average annual prices, the opposite is the case with gold, where there is a significant increase in the market price in times of crisis. This means that investors in crisis situations consider gold to protect their capital. An analysis of the tightness of the relationship between the S &amp; P 500 Index and the price of gold based on monthly data by Pearson correlation confirmed a moderate inverse relationship. The cryptocurrency Bitcoin has seen a massive increase in market value during the Covid-19 pandemic due to the shift of business to the online world. As in the case of gold, from the perspective of investors, this cryptocurrency was seen as a way of protecting their investments and, in addition, the possibility of maintaining solvency even in a period of restrictions. Bitcoin and other virtual financial instruments seem to be a suitable alternative to gold investments in the 21st century during the crisis.

Název v anglickém jazyce

CRISIS SITUATIONS IN THE WORLD AND THEIR IMPACT ON STOCK MARKET INVESTMENTS

Popis výsledku anglicky

The paper examines the behavior of investors in times of economic crises when investing in the S &amp; P 500 Index, gold and the cryptocurrency Bitcoin. The results of the descriptive analysis show that the decision-making of investors in times of economic crises is reflected in the development of the S &amp; P 500 Index by a decrease in average annual prices, the opposite is the case with gold, where there is a significant increase in the market price in times of crisis. This means that investors in crisis situations consider gold to protect their capital. An analysis of the tightness of the relationship between the S &amp; P 500 Index and the price of gold based on monthly data by Pearson correlation confirmed a moderate inverse relationship. The cryptocurrency Bitcoin has seen a massive increase in market value during the Covid-19 pandemic due to the shift of business to the online world. As in the case of gold, from the perspective of investors, this cryptocurrency was seen as a way of protecting their investments and, in addition, the possibility of maintaining solvency even in a period of restrictions. Bitcoin and other virtual financial instruments seem to be a suitable alternative to gold investments in the 21st century during the crisis.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

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OECD FORD obor

50200 - Economics and Business

Projekt

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Návaznosti

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Rok uplatnění

2023

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Ad Alta - Journal of Interdisciplinary Research

ISSN

1804-7890

e-ISSN

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Svazek periodika

13

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

6

Strana od-do

175-180

Kód UT WoS článku

001027245000029

EID výsledku v databázi Scopus

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