The Impact of the COVID-19 Pandemic on Firm Performance

被引：440
|
作者：
Shen, Huayu [1 ]
Fu, Mengyao [1 ]
Pan, Hongyu [2 ]
Yu, Zhongfu [1 ]
Chen, Yongquan [1 ]
机构：
[1] North China Elect Power Univ, Sch Econ & Management, Dept Accounting, Beijing, Peoples R China
[2] Guilin Univ Technol, Sch Business, Dept Accounting, Guilin, Peoples R China
来源：
EMERGING MARKETS FINANCE AND TRADE | 2020年 / 56卷 / 10期
关键词：
Pandemic; COVID-19; corporate performance; investment; finance;
D O I：
10.1080/1540496X.2020.1785863
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Using the financial data of listed Chinese companies, we study the impact of COVID-19 on corporate performance. We show that COVID-19 has a negative impact on firm performance. The negative impact of COVID-19 on firm performance is more pronounced when a firm's investment scale or sales revenue is smaller. We show, in an additional analysis, that the negative impact of COVID-19 on firm performance is more pronounced in serious-impact areas and industries. These findings are among the first empirical evidence of the association between pandemic and firm performance.
引用
收藏
页码：2213 / 2230
页数：18
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