COVID-19 pandemic and firm performance: An empirical investigation using a cross-country sample

被引:1
|
作者
Athira, A. [1 ]
Ramesh, Vishnu K. [2 ]
Sinu, Mohan [3 ]
机构
[1] Indian Inst Management Bangalore, Bannerghatta Main Rd, Bengaluru 560076, Karnataka, India
[2] Amrita Vishwa Vidyapeetham, Amrita Sch Business, Bangalore, Karnataka, India
[3] VTB Coll, Palakkad, Kerala, India
关键词
COVID-19; Pandemic; Firm performance; Firm value; Liquidity; Governance indicators; CORPORATE GOVERNANCE; TRADE CREDIT; CRISIS; IMPACT; CONSTRAINTS; INVESTMENT; MANAGEMENT; LEVEL; LAW;
D O I
10.1016/j.iimb.2024.07.002
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
We investigate the effect of COVID-19 pandemic on firm performance using the quarterly financial data of firms from 89 countries and show that the pandemic has a detrimental impact on firm performance. The firms that held more long-term debt and account receivables on their balance sheet before the pandemic were relatively more affected amid the pandemic. The cash buffers can make firms more resilient to the COVID-19 crisis. The quality of a country's governance plays a vital role in mitigating the adverse impact of the pandemic on firm performance. (c) 2024 Published by Elsevier Ltd on behalf of Indian Institute of Management Bangalore. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/ by-nc-nd/4.0/)
引用
收藏
页码:269 / 281
页数:13
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