University of Twente Student Theses


Effect of COVID-19 on Managerial Sentiment within US Industries

Eylert, Darwin (2023) Effect of COVID-19 on Managerial Sentiment within US Industries.

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Abstract:This paper examines the effect of COVID-19 on managerial sentiment within US industries. Managerial sentiment refers to the level of optimism or pessimism of a company’s management regarding the present and future outlooks. The recent COVID-19 pandemic, an unforeseeable event, has a large impact on economies worldwide, impacting managerial sentiment in a variety of different industries. The research question for this paper is: To what degree has managerial sentiment deteriorated or improved in multiple US industries throughout different phases of COVID? This study investigates the degree to which multiple industries are impacted by COVID by analyzing changes in managerial sentiment throughout all quartiles of the years 2019, 2020, and 2021 using companies’ earnings call transcripts. This study conducts a sentiment analysis and presents visual representations to show the different effects. The main finding is that COVID has a negative impact on industries, as it was a shock for all industries. However, the degree of severity in which the pandemic has an impact on these industries varies significantly.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:83 economics, 85 business administration, organizational science
Programme:International Business Administration BSc (50952)
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