The impact of COVID-19 on firm risk and performance in MENA countries: Does national governance quality matter?

This study investigated the impact of the COVID-19 crisis on firm risk and performance in different country-level governance qualities in the MENA region. Analyzing a sample of 739 non-financial listed firms in 12 MENA countries for the period 2011–2020, we found that the COVID-19 crisis negatively...

Descripción completa

Detalles Bibliográficos
Autores principales: Almustafa, Hamza, Nguyen, Quang Khai, Liu, Jia, Dang, Van Cuong
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2023
Materias:
Research Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9901813/
https://www.ncbi.nlm.nih.gov/pubmed/36745655
http://dx.doi.org/10.1371/journal.pone.0281148
_version_ 1784883102493966336
author Almustafa, Hamza
Nguyen, Quang Khai
Liu, Jia
Dang, Van Cuong
author_facet Almustafa, Hamza
Nguyen, Quang Khai
Liu, Jia
Dang, Van Cuong
author_sort Almustafa, Hamza
collection PubMed
description This study investigated the impact of the COVID-19 crisis on firm risk and performance in different country-level governance qualities in the MENA region. Analyzing a sample of 739 non-financial listed firms in 12 MENA countries for the period 2011–2020, we found that the COVID-19 crisis negatively impacted the performance of firms, especially low-performance firms, in most industries, and increased firm risk in general. Moreover, we found that national governance quality plays an important role in mitigating the negative impact of the COVID-19 crisis on firm operations. Specifically, national governance quality reduces the negative impact of the COVID-19 crisis on firm performance and the positive impact of the crisis on firm risk. The results are consistent with our contention that national governance quality contributes to creating a positive environment for businesses activities and reducing economic shocks.
format Online
Article
Text
id pubmed-9901813
institution National Center for Biotechnology Information
language English
publishDate 2023
publisher Public Library of Science
record_format MEDLINE/PubMed
spelling pubmed-99018132023-02-07 The impact of COVID-19 on firm risk and performance in MENA countries: Does national governance quality matter? Almustafa, Hamza Nguyen, Quang Khai Liu, Jia Dang, Van Cuong PLoS One Research Article This study investigated the impact of the COVID-19 crisis on firm risk and performance in different country-level governance qualities in the MENA region. Analyzing a sample of 739 non-financial listed firms in 12 MENA countries for the period 2011–2020, we found that the COVID-19 crisis negatively impacted the performance of firms, especially low-performance firms, in most industries, and increased firm risk in general. Moreover, we found that national governance quality plays an important role in mitigating the negative impact of the COVID-19 crisis on firm operations. Specifically, national governance quality reduces the negative impact of the COVID-19 crisis on firm performance and the positive impact of the crisis on firm risk. The results are consistent with our contention that national governance quality contributes to creating a positive environment for businesses activities and reducing economic shocks. Public Library of Science 2023-02-06 /pmc/articles/PMC9901813/ /pubmed/36745655 http://dx.doi.org/10.1371/journal.pone.0281148 Text en © 2023 Almustafa et al https://creativecommons.org/licenses/by/4.0/This is an open access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/) , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
spellingShingle Research Article
Almustafa, Hamza
Nguyen, Quang Khai
Liu, Jia
Dang, Van Cuong
The impact of COVID-19 on firm risk and performance in MENA countries: Does national governance quality matter?
title The impact of COVID-19 on firm risk and performance in MENA countries: Does national governance quality matter?
title_full The impact of COVID-19 on firm risk and performance in MENA countries: Does national governance quality matter?
title_fullStr The impact of COVID-19 on firm risk and performance in MENA countries: Does national governance quality matter?
title_full_unstemmed The impact of COVID-19 on firm risk and performance in MENA countries: Does national governance quality matter?
title_short The impact of COVID-19 on firm risk and performance in MENA countries: Does national governance quality matter?
title_sort impact of covid-19 on firm risk and performance in mena countries: does national governance quality matter?
topic Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9901813/
https://www.ncbi.nlm.nih.gov/pubmed/36745655
http://dx.doi.org/10.1371/journal.pone.0281148
work_keys_str_mv AT almustafahamza theimpactofcovid19onfirmriskandperformanceinmenacountriesdoesnationalgovernancequalitymatter
AT nguyenquangkhai theimpactofcovid19onfirmriskandperformanceinmenacountriesdoesnationalgovernancequalitymatter
AT liujia theimpactofcovid19onfirmriskandperformanceinmenacountriesdoesnationalgovernancequalitymatter
AT dangvancuong theimpactofcovid19onfirmriskandperformanceinmenacountriesdoesnationalgovernancequalitymatter
AT almustafahamza impactofcovid19onfirmriskandperformanceinmenacountriesdoesnationalgovernancequalitymatter
AT nguyenquangkhai impactofcovid19onfirmriskandperformanceinmenacountriesdoesnationalgovernancequalitymatter
AT liujia impactofcovid19onfirmriskandperformanceinmenacountriesdoesnationalgovernancequalitymatter
AT dangvancuong impactofcovid19onfirmriskandperformanceinmenacountriesdoesnationalgovernancequalitymatter

Ejemplares similares