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COVID-19 pandemic and firm performance: Cross-country evidence
International Review of Economics & Finance ( IF 4.8 ) Pub Date : 2021-03-25 , DOI: 10.1016/j.iref.2021.03.016 Shiwei Hu , Yuyao Zhang
中文翻译:
COVID-19大流行和企业绩效:跨国证据
更新日期:2021-04-04
International Review of Economics & Finance ( IF 4.8 ) Pub Date : 2021-03-25 , DOI: 10.1016/j.iref.2021.03.016 Shiwei Hu , Yuyao Zhang
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.
中文翻译:
COVID-19大流行和企业绩效:跨国证据
使用有关全球公司的财务数据,我们评估了COVID-19对公司绩效的影响。我们表明,在COVID-19大流行期间,公司业绩恶化。在拥有更好的医疗保健系统,更先进的金融系统以及更好的机构的国家中,COVID-19对公司绩效的不利影响并不明显。最后,避免不确定性会加剧COVID-19大流行的不利影响。