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The COVID-19 Pandemic Crisis and Corporate Finance
Review of Corporate Finance Studies ( IF 1.9 ) Pub Date : 2020-10-09 , DOI: 10.1093/rcfs/cfaa016
Andrew Ellul 1 , Isil Erel 2 , Uday Rajan 3
Affiliation  

The COVID-19 pandemic can be considered the third major shock to have hit the United States and the global economy in the first two decades of this century. First, we experienced the September 11, 2001, terror attacks, then the 2008–2009 Financial Crisis, and now the COVID-19 pandemic. Each of these crises confronted the global economy, and the financial system in particular, with different challenges, with the COVID-19 crisis likely to be the worst. According to the World Bank (2020), the global economy is expected to shrink by 5.2% this year, representing the deepest global recession since the Second World War.

中文翻译:


COVID-19 大流行危机与公司财务



COVID-19大流行可以被视为本世纪头二十年对美国和全球经济的第三次重大冲击。首先,我们经历了 2001 年 9 月 11 日的恐怖袭击,然后是 2008-2009 年的金融危机,现在是 COVID-19 大流行。每一场危机都给全球经济、特别是金融体系带来了不同的挑战,其中 COVID-19 危机可能是最严重的。根据世界银行(2020)的预测,今年全球经济预计将萎缩 5.2%,这是二战以来最严重的全球衰退。
更新日期:2020-10-09
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