COVID-19 Pandemic and firm-level dynamics in the USA, UK, Europe, and Japan

This paper examines the impact of the coronavirus pandemic during its first and second waves for the USA, UK, Europe, and Japan. We explore the firm-level dynamics and exhibit the impact of coronavirus events on large and small firms and firms' idiosyncratic risk. We find that the intensity of...

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Detalles Bibliográficos
Autores principales: Ahmad, Wasim, Kutan, Ali M., Chahal, Rishman Jot Kaur, Kattumuri, Ruth
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Inc. 2021
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8444377/
https://www.ncbi.nlm.nih.gov/pubmed/36532661
http://dx.doi.org/10.1016/j.irfa.2021.101888
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author Ahmad, Wasim
Kutan, Ali M.
Chahal, Rishman Jot Kaur
Kattumuri, Ruth
author_facet Ahmad, Wasim
Kutan, Ali M.
Chahal, Rishman Jot Kaur
Kattumuri, Ruth
author_sort Ahmad, Wasim
collection PubMed
description This paper examines the impact of the coronavirus pandemic during its first and second waves for the USA, UK, Europe, and Japan. We explore the firm-level dynamics and exhibit the impact of coronavirus events on large and small firms and firms' idiosyncratic risk. We find that the intensity of the impact of the coronavirus pandemic events is not uniform for firms. The Blank Swan events in March 2020 exhibit stronger impact the second wave till April 2021. The second wave analysis reveals the sign of recovery and receding effect of the pandemic. The idiosyncratic analysis shows the positive impact of the coronavirus and stringency measures on the idiosyncratic risk.
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spelling pubmed-84443772021-09-16 COVID-19 Pandemic and firm-level dynamics in the USA, UK, Europe, and Japan Ahmad, Wasim Kutan, Ali M. Chahal, Rishman Jot Kaur Kattumuri, Ruth Int Rev Financ Anal Article This paper examines the impact of the coronavirus pandemic during its first and second waves for the USA, UK, Europe, and Japan. We explore the firm-level dynamics and exhibit the impact of coronavirus events on large and small firms and firms' idiosyncratic risk. We find that the intensity of the impact of the coronavirus pandemic events is not uniform for firms. The Blank Swan events in March 2020 exhibit stronger impact the second wave till April 2021. The second wave analysis reveals the sign of recovery and receding effect of the pandemic. The idiosyncratic analysis shows the positive impact of the coronavirus and stringency measures on the idiosyncratic risk. Elsevier Inc. 2021-11 2021-09-16 /pmc/articles/PMC8444377/ /pubmed/36532661 http://dx.doi.org/10.1016/j.irfa.2021.101888 Text en © 2021 Elsevier Inc. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Ahmad, Wasim
Kutan, Ali M.
Chahal, Rishman Jot Kaur
Kattumuri, Ruth
COVID-19 Pandemic and firm-level dynamics in the USA, UK, Europe, and Japan
title COVID-19 Pandemic and firm-level dynamics in the USA, UK, Europe, and Japan
title_full COVID-19 Pandemic and firm-level dynamics in the USA, UK, Europe, and Japan
title_fullStr COVID-19 Pandemic and firm-level dynamics in the USA, UK, Europe, and Japan
title_full_unstemmed COVID-19 Pandemic and firm-level dynamics in the USA, UK, Europe, and Japan
title_short COVID-19 Pandemic and firm-level dynamics in the USA, UK, Europe, and Japan
title_sort covid-19 pandemic and firm-level dynamics in the usa, uk, europe, and japan
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8444377/
https://www.ncbi.nlm.nih.gov/pubmed/36532661
http://dx.doi.org/10.1016/j.irfa.2021.101888
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