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：

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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。