Short-term working allowance and firm risk in the post-COVID-19 period: Novel matching evidence from an emerging market

In the present study, we examine the effect of government fiscal policy on firm risk in the post-COVID-19 period for an emerging market: Turkey. By doing so, we utilize a propensity score matching method to examine the effect of the short-term working allowance, which is a unique short-term COVID-19...

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Detalles Bibliográficos
Autores principales: Doruk, Ömer Tuğsal, Konuk, Serhat, Atici, Rümeysa
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Inc. 2021
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8597400/
https://www.ncbi.nlm.nih.gov/pubmed/34812256
http://dx.doi.org/10.1016/j.frl.2021.102021
Descripción
Sumario:In the present study, we examine the effect of government fiscal policy on firm risk in the post-COVID-19 period for an emerging market: Turkey. By doing so, we utilize a propensity score matching method to examine the effect of the short-term working allowance, which is a unique short-term COVID-19 mitigation policy for the Turkish economy, on firm risk. The obtained findings show that the effect of short-term working allowances on firm risk is efficient at mitigating the effect of COVID-19. Our results are also robust as to different robustness checks.

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