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

被引：105
|
作者：
Hu, Shiwei [1 ]
Zhang, Yuyao [2 ]
机构：
[1] Beijing Foreign Studies Univ, Int Business Sch, Beijing, Peoples R China
[2] Beijing Natl Accounting Inst, Beijing, Peoples R China
来源：
INTERNATIONAL REVIEW OF ECONOMICS & FINANCE | 2021年 / 74卷
基金：
中国国家自然科学基金;
关键词：
Pandemic; Firm performance; Governance; Uncertainty avoidance; ECONOMIC-POLICY UNCERTAINTY; CONSTRAINTS; IMPACT;
D O I：
10.1016/j.iref.2021.03.016
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
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.
引用
收藏
页码：365 / 372
页数：8
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