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
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author Doruk, Ömer Tuğsal
Konuk, Serhat
Atici, Rümeysa
author_facet Doruk, Ömer Tuğsal
Konuk, Serhat
Atici, Rümeysa
author_sort Doruk, Ömer Tuğsal
collection PubMed
description 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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spelling pubmed-85974002021-11-18 Short-term working allowance and firm risk in the post-COVID-19 period: Novel matching evidence from an emerging market Doruk, Ömer Tuğsal Konuk, Serhat Atici, Rümeysa Financ Res Lett Article 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. Elsevier Inc. 2021-11 2021-03-17 /pmc/articles/PMC8597400/ /pubmed/34812256 http://dx.doi.org/10.1016/j.frl.2021.102021 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
Doruk, Ömer Tuğsal
Konuk, Serhat
Atici, Rümeysa
Short-term working allowance and firm risk in the post-COVID-19 period: Novel matching evidence from an emerging market
title Short-term working allowance and firm risk in the post-COVID-19 period: Novel matching evidence from an emerging market
title_full Short-term working allowance and firm risk in the post-COVID-19 period: Novel matching evidence from an emerging market
title_fullStr Short-term working allowance and firm risk in the post-COVID-19 period: Novel matching evidence from an emerging market
title_full_unstemmed Short-term working allowance and firm risk in the post-COVID-19 period: Novel matching evidence from an emerging market
title_short Short-term working allowance and firm risk in the post-COVID-19 period: Novel matching evidence from an emerging market
title_sort short-term working allowance and firm risk in the post-covid-19 period: novel matching evidence from an emerging market
topic Article
url 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
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