COVID-19 pandemic and firm performance: Cross-country evidence()

Using financial data on firms worldwide, we assess the impact of COVID-19 on corporate performance. We show that firm performance deteriorates during the COVID-19 pandemic. The adverse effects of COVID-19 on firm performance are less pronounced in countries with better healthcare systems, more advan...

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Autores principales: Hu, Shiwei, Zhang, Yuyao
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Inc. 2021
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9759748/
http://dx.doi.org/10.1016/j.iref.2021.03.016
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author Hu, Shiwei
Zhang, Yuyao
author_facet Hu, Shiwei
Zhang, Yuyao
author_sort Hu, Shiwei
collection PubMed
description Using financial data on firms worldwide, we assess the impact of COVID-19 on corporate performance. We show that firm performance deteriorates during the COVID-19 pandemic. The adverse effects of COVID-19 on firm performance are less pronounced in countries with better healthcare systems, more advanced financial systems, and better institutions. Finally, uncertainty avoidance strengthens the adverse effect of the COVID-19 pandemic.
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spelling pubmed-97597482022-12-19 COVID-19 pandemic and firm performance: Cross-country evidence() Hu, Shiwei Zhang, Yuyao International Review of Economics & Finance Article Using financial data on firms worldwide, we assess the impact of COVID-19 on corporate performance. We show that firm performance deteriorates during the COVID-19 pandemic. The adverse effects of COVID-19 on firm performance are less pronounced in countries with better healthcare systems, more advanced financial systems, and better institutions. Finally, uncertainty avoidance strengthens the adverse effect of the COVID-19 pandemic. Elsevier Inc. 2021-07 2021-03-25 /pmc/articles/PMC9759748/ http://dx.doi.org/10.1016/j.iref.2021.03.016 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
Hu, Shiwei
Zhang, Yuyao
COVID-19 pandemic and firm performance: Cross-country evidence()
title COVID-19 pandemic and firm performance: Cross-country evidence()
title_full COVID-19 pandemic and firm performance: Cross-country evidence()
title_fullStr COVID-19 pandemic and firm performance: Cross-country evidence()
title_full_unstemmed COVID-19 pandemic and firm performance: Cross-country evidence()
title_short COVID-19 pandemic and firm performance: Cross-country evidence()
title_sort covid-19 pandemic and firm performance: cross-country evidence()
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9759748/
http://dx.doi.org/10.1016/j.iref.2021.03.016
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