Ibrahimov, Orkhan; Vancsura, László; Parádi-Dolgos, Anett - In: Economies : open access journal 13 (2025) 4, pp. 1-21
strategic decisions that shape its long-term trajectory. This study investigates how macroeconomic volatility affects the firm … Macroeconomic Stress Index (MSI), which combines inflation and exchange rate volatility. The results reveal significant sectoral … consistent and significant positive effect on both ROA and ROE, suggesting that many firms responded to macroeconomic stress by …