1. The Impact of the COVID-19 Pandemic on Firm Performance.
- Author
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Shen, Huayu, Fu, Mengyao, Pan, Hongyu, Yu, Zhongfu, and Chen, Yongquan
- Subjects
COVID-19 pandemic ,ORGANIZATIONAL performance ,COVID-19 - Abstract
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. [ABSTRACT FROM AUTHOR]
- Published
- 2020
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