Determinants of Foreign exchange exposure during the COVID-19 crisis: A Multi-country evidence

The research question of which firm-level factors make firms more vulnerable to exchange rate fluctuations during periods of crisis has rarely been explored by prior literature. Using a large sample of 1577 firms from 9 developed and 11 emerging countries, this study presents a comprehensive analysis of how firm-level factors affect firms' foreign exchange exposure before and during the COVID-19 crisis. The results provide evidence of a substantial increase in firms' linear exposure during the COVID-19 period. The cross-sectional analysis reveals that the effects of firm-level variables on exposure are more pronounced during crisis periods and are different from non-crisis periods. Firms that have effective asset utilization or large operating profit margins remain less exposed during times of stress. Contrary to hedging theory, firms that have high incentives to hedge such as firms with high financial leverage become highly exposed to currency fluctuations during crisis periods. The interaction analysis provides further evidence that firms with high leverage can limit their foreign exchange exposure during periods of crisis if they have high asset turnover or high operating profits. The results offer important practical implications to firms for risk management during periods of crisis.

Community Support Organizations in Gay Neighborhoods: Assessing Engagement During the Covid-19 Pandemic

Volunteerism, grassroots activism, and mutual aid have been critical to the advancement of rights and opportunities for LGBTQ+ people. These activities are institutionally anchored within supportive organizations embedded in LGBTQ+ communities. But these supportive organizations can be stressed by external crises, such as the Covid-19 pandemic, limiting the capacity for providing routine services. This article provides a typology of community support organizations-including healthcare providers, business improvement districts, neighborhood planning organizations, and social groups and clubs- to better understand how non-governmental organizations and non-profit entities provide services not traditionally provided by government agencies for LGBTQ+ people. We characterize how community support organizations continued to provide critical services to the LGBTQ+ community-consistent with the missions and aims of these organizations-while also providing services and information related to health and safety during the Covid-19 pandemic. The article concludes with takeaway messages that synthesize the functions and services of community support organizations and explain how various types of supportive organizations in gay neighborhoods responded to the Covid-19 pandemic.

PROPELLERS OF ORGANISATIONAL SUSTAINABILITY IN HOSPICES IN SOUTH AFRICA

Hospices operating in the non-profit sector are experiencing organisational sustainability pressures, particularly in the wake of the COVID-19 pandemic. Notably, while the population of patients who are terminally ill and requiring palliative care is increasing, the resources required to render this noble service are depleting, so much so that some hospices have closed. The situation raises profound organisational sustainability concerns, and this serves as the motivation for this generic qualitative study to investigate the propellers of organisational sustainability in South African-based hospices operating in the non-profit sector. Data was collected through interviews with twelve senior managers from different hospice organisations. The data was then analysed using Thematic Content Analysis (TCA). Subsequent results reveal that a cocktail of factors, including transparent communication, visionary leadership, a strategic disposition, improved service quality, a strong corporate culture, a diversified revenue base and committed staff, propel organisational sustainability among hospices. Conversely, the COVID-19 pandemicenforced lockdowns and the rampant emergence of many NPOs impede the sustainability prospects of the hospices. With these insights, this study contributes to the organisational sustainability discourse from a uniquely South African perspective, given the dearth of research in this area, particularly in the context of developing economies © Penerbit UMT

Mobilizing Social Media Data: Reflections of a Researcher Mediating between Data and Organization

This paper examines the practices involved in mobilizing social media data from their site of production to the institutional context of non-profit organizations. We report on nine months of fieldwork with a transnational and intergovernmental organization using social media data to understand the role of grassroots initiatives in Mexico, in the unique context of the COVID-19 pandemic. We show how different stakeholders negotiate the definition of problems to be addressed with social media data, the collective creation of ground-truth, and the limitations involved in the process of extracting value from data. The meanings of social media data are not defined in advance;instead, they are contingent on the practices and needs of the organization that seeks to extract insights from the analysis. We conclude with a list of reflections and questions for researchers who mediate in the mobilization of social media data into non-profit organizations to inform humanitarian action. © 2023 ACM.

Environmental regulation and corporate financialization: insight from Blue Sky Protection Campaign in China.

Environmental regulation restricts corporate pollution emissions and affects corporate investment decisions and asset allocation. Based on the data of A-share listed enterprises in China from 2013 to 2021 and the difference in differences (DID) model, this paper identifies the impact of environmental regulation on corporate financialization with the help of the "Blue Sky Protection Campaign (2018-2020)" (BSPC) of China. The results indicate that environmental regulation has a crowding-out effect on corporate financialization. Enterprises with stricter financing constraints receive more significant crowding-out effects. This paper provides a new perspective on the "Porter hypothesis." Under the constraint of financial resources and high environmental protection costs, enterprises carry out innovative activities and environmental protection investments by consuming financial assets to reduce the risk of environmental violations. The government's environmental regulation is an effective way to guide the financial development of enterprises, control environmental pollution, and promote enterprise innovation.

The financial impact of the COVID-19 pandemic on sleeve gastrectomy at a major academic institution.

INTRODUCTION: The COVID-19- pandemic significantly impacted metabolic and bariatric surgery (MBS) practices due to large-scale surgery cancellations along with staff and supply shortages. We analyzed sleeve gastrectomy (SG) hospital-level financial metrics before and after the COVID-19 pandemic. METHODS: Hospital cost-accounting software (MicroStrategy, Tysons, VA) was reviewed for revenues, costs, and profits per SG at an academic hospital (2017-2022). Actual figures were obtained, not insurance charge estimates or hospital projections. Fixed costs were obtained through surgery-specific allocation of inpatient hospital and operating-room costs. Direct variable costs were analyzed with sub-components including: (1) labor and benefits, (2) implants, (3) drug costs, and 4) medical/surgical supplies. The pre-COVID-19 period (10/2017-2/2020) and post-COVID-19 period (5/2020-9/2022) financial metrics were compared with student's t-test. Data from 3/2020 to 4/2020 were excluded due to COVID-19-related changes. RESULTS: A total of 739 SG patients were included. Average length of stay (LOS), Center for Medicaid and Medicare Case Mix Index (CMI), and percentage of patients with commercial insurance were similar pre vs. post-COVID-19 (p > 0.05). There were more SG performed per quarter pre-COVID-19 than post-COVID-19 (36 vs. 22; p = 0.0056). Pre-COVID-19 and post-COVID-19 financial metrics per SG differed significantly for, respectively, revenues ($19,134 vs. $20,983) total variable cost ($9457 vs. $11,235), total fixed cost ($2036 vs. $4018), total profit ($7571 vs. $5442), and labor and benefits cost ($2535 vs. $3734; p < 0.05). CONCLUSIONS: The post-COVID-19 period was characterized by significantly increased SG fixed cost (i.e., building maintenance, equipment, overhead) and labor costs (increased contract labor), resulting in precipitous profit decline that crosses the break-even in calendar year quarter (CQ) 3, 2022. Potential solutions include minimizing contract labor cost and decreasing LOS.

a Study of the Initial Impact of the COVID-19 Pandemic on Theatre in the Czech Republic

This study analyses the initial impact of the COVID-19 pandemic on theatres in the Czech Republic. The pandemic has had a significant impact on performing arts, especially on theatres, and has tested the resilience of the entire system. This study compares the different levels of its impact during the first wave of measures taken to avoid the spread of the virus and the response of the hundred and forty-six theatres in the Czech Republic to the crisis. Using data from a broad survey and applying multiple correlation analyses, the study seeks relationships between selected indicators (finance, HR, artistic performance) before the crisis and the level of impact during the early stage of the pandemic. It demonstrates that theatres founded by the state or by local governments were more resilient to the initial, immediate impact of COVID-19 and were better prepared for possible economic shocks than non-profit theatres. Study results also confirm that the pandemic affected non-profit theatres severely. The study provides rare empirical data on the initial impact of the COVID-19 pandemic. © 2023 Journal of Competitiveness. All rights reserved.

Medical Philately and the World of COVID-19 Postage Stamps: Issues of Truth, Health and Wealth

The political, social, cultural and economic worlds have been gripped by unexpected, tumultuous and ad hoc worlds since the emergence of COVID-19 on the world scene in early 2020. It is safe to acknowledge that all, or nearly all, humans on the planet have been adversely affected by its appearance, re-appearance and re-re-appearance in some and many ways. The world's states have also struggled with effective, efficient and acceptable ways to respond to the pandemic at personal, local and national scales. The visibility of COVID-19 is evident in the rise and fluctuating number of cases and deaths as they appear in daily and weekly news reports. An additional perspective of the serious nature of the virus is the appearance on postage stamp issues about diseases, a research focus of medical philately. Since early 2020 nearly 100 countries have issued stamps with a COVID-19 theme. Some countries devastated by cases and deaths and have issued a single or set of stamps with images about the negative impacts on the health and welfare of their populations, economies and environments. Others have not. Some countries have issued a low value stamp about COVID-19 while other countries have issued COVID-19 stamps that are extremely expensive and are unlikely to ever be seen or used by their population. These stamps are designed and produced by private companies for international stamp markets, which include collectors who collect stamp issues with health and disease themes. This chapter examines the COVID stamp issues through August 2021, their major themes and the costs. Stamps, as pieces of visual diplomacy, are observed to be more than reflecting a country's health or human condition, but also to generate income. © The Author(s), under exclusive license to Springer Nature Switzerland AG 2022.

Turn calamities into blessings: the impact of resource reconfiguration and firm resilience on the company's recovery and growth in the COVID-19 times

PurposeThe purpose of this paper is to construct an integrated theoretical framework of firm resilience, and examine the relationship between resource reconfiguration, firm resilience, disruption impact, profit growth, innovation and environmental uncertainty in the context of COVID-19.Design/methodology/approachA survey was distributed to 220 companies and a total of 207 respondents returned the survey. chief executive officer (CEO) and chief financial officer (CFO) of each company participants in the survey. The hypotheses are tested using structural equation modeling (SEM) technique.FindingsThe results showed that firm resilience can be stimulated through the reconstruction of existing resources, and environmental uncertainty played a moderating role in this process;in turn, the improvement of firm resilience enabled companies to reduce the impact of disruptions, achieve profit growth and promote innovation.Practical implicationsThis study provides practical implications for how business management shapes firm resilience and promotes organization recovery and development.Originality/valueThis study expands the literature of firm resilience by providing an integrated theoretical framework of firm resilience. Firstly, based on the perspective of dynamic capabilities, this study reveals that resource reconfiguration plays a key role in shaping firm resilience. Secondly, this study enriches the boundary research on firm resilience by incorporating environmental uncertainty into the research framework. Thirdly, this study validates the impact of firm resilience on disruption impact, profit growth and innovation of companies, providing sufficient empirical evidence for the outcomes of firm resilience.

The complex evolution of information quality improvement in competitive market

Information is important market resource. High-quality information is beneficial to increase enterprise's reputation and reduce consumer's verification cost. This paper constructs a two-layer dynamic model, in which enterprises simultaneously conduct price and information game. The goal of profit maximization integrates two types of games into one system. The complex evolution of the two-layer system are studied by equilibrium analysis, stability analysis, bifurcation diagram, entropy and Lyapunov exponent. It is found that improving the information quality through regulations will increase involution and reduce stability of the market. Then, the block chain technology is introduced into the model for improving information quality of the market. It is found that increasing enterprises' willingness to adopt block chain can improve the information quality quickly and effectively, and that is verified by entropy value. Therefore, the application and promotion of new technologies are more effective than exogenous regulations for improving information quality in market.

COVID-19 and the Indian economy: The debate about a wage-led recovery

The COVID-19 pandemic has triggered multiple crises-of health, economy, and livelihoods-in India. The restoration of at least a part of the incomes lost by the overwhelmingly informal workforce in the country during the lockdown period should have been a priority for the government. However, the stimulus packages announced by the government have been inadequate, especially given the magnitude of the employment and livelihood crisis. Some of the policies taken in the wake of the crisis, such as the approval to increase daily working hours to twelve, have led to a weakening of labour's position vis-a-vis capital. Rather than boosting economic growth, such measures will only worsen the deficiency in aggregate demand and prolong the recession. India's policy-makers should reconsider the faith they have put in neoclassical economic ideas, which have slowed down employment growth and left millions of people with little access to basic health or education facilities. The pandemic should be an opportunity to build in India an effective and publicly provided social security system as well as rural infrastructure and research institutions. © The Author(s), under exclusive license to Springer Nature Switzerland AG 2022.

Good Corporate Governance and Accounting Performance Affecting the Profit Quality of Companies Listed on the Stock Exchange of Thailand during the COVID-19 Pandemic

-The objective of this research is to study the good corporate governance and accounting performance affecting profit quality of companies listed on the Stock Exchange of Thailand during the COVID-19 pandemic. The research methodology is multiple regression analysis used in the data analysis and the test of accounting performance used as an intermediate variable according to the concept of [16]. The sample group consists of companies listed on the Stock Exchange of Thailand from 2018-2021. The data used in the study was a total of 2,604 data. The research results revealed that from the mediator variables before COVID-19 (2018-2019) totalling 2 years, the good corporate governance scores have an influence on profit quality. The rate of return on equity is some intermediate variable. It shows that a good corporate governance score has an influence on accounting performance as measured by the return on equity ratio of the shareholders and profit quality. However, the results of the test on the intermediate variable after COVID-19 (2020-2021) did not meet the test criteria for good corporate governance influencing profit quality at the statistical significance level of 0.05. © 2023, World Scientific and Engineering Academy and Society. All rights reserved.

Lifestyle and Affective Emotions in Patients with Type 2 Diabetes Mellitus, With or Without COVID-19 History

Background: The management of patients with T2DM is often complicated by psychological disorders including distress, depression, and anxiety, which might negatively impact diabetic patients' life quality and coping mechanisms with their disease. Patients with T2DM are more likely to experience severe or fatal COVID-19 infection. A cross-sectional study on patients with diabetes mellitus during the COVID-19 pandemic found that more than 90% of the participants had features of ongoing mental suffering. Objective(s): To compare lifestyle, positive & negative affective emotions in patients with T2DM, with or without COVID-19 history. Method(s): Using a cross-sectional design, we conducted a study in a primary care facility in Campeche, Mexico. Sixty participants with T2DM were included, thirty per group (COVID-19 history or not). IMEVID questionnaire designed to measure lifestyle in subjects with T2DM was applied. PANAS, a 20-item questionnaire assessed positive affects (10 items) and negative affects (10 items) experienced by the participants in the previous month. Result(s): The most frequent lifestyle was unhealthy with 68%. About both positive and negative affects, were classified as low with 68.3 and 66.7% respectively. Conclusion(s): In this study, no significant relation was observed between the lifestyle and the positive and negative affects of T2DM patients with and without a history of COVID-19. Although several risk factors identified for COVID-19 related mortality in people with T2DM cannot readily be modified, been able to identify unhealthy lifestyle in this cohort allow to intervene early to avoid worst outcomes in subjects infected with COVID-19 and they have uncontrolled T2DM. Keywords: Diabetes mellitus, lifestyle, positive affects, negative affects, and COVID-19 Abbreviations: T2DM: Type 2 Diabetes Mellitus, IMEVID: Instrumento para medir el estilo de vida en diabeticos (Instrument to measure lifestyle in diabetics), PANAS: Positive and Negative Affect Schedule Funding and Conflicts of Interest This research did not receive any specific grant from funding agencies in the public, commercial, or not-for-profit sectors.Copyright © 2023

Profit-Sharing Contract of the Fresh Agricultural Products Supply Chain under Community Group Purchase Mode Considering Freshness Preservation Efforts

This article constructed a four-level fresh agricultural product (FAP) supply chain with a two-stage pricing strategy under a "community group purchase (CGP) platform + direct procurement from the FAP supplier” sales model. We investigate the influence of the CGP agency's participation in the control strategy of FAP freshness preservation efforts on the profits of supply chain stakeholders. This article discusses the effects of the FAP supplier profit-sharing ratio, the CGP agency profit-sharing ratio, and consumers' sensitivity to FAP freshness on the supply chain stakeholders' freshness preservation efforts. Moreover, based on the fairness preference theory, this article designed a profit-sharing contract that involves the Nash bargaining game between the FAP supplier and the CGP agency as the supply chain coordination mechanism. Modeling results revealed that: (1) The CGP agency's freshness preservation efforts increased total supply chain profits. (2) The FAP supplier profit-sharing ratio, CGP agency profit-sharing ratio, and consumers' sensitivity to FAP freshness have a positive correlation to the profits of the FAP supply chain and promote the coordination of the supply chain. (3) Considering fairness preferences, with the increase in FAP suppliers' business negotiating ability, their freshness preservation efforts and fairness utility both increased gradually, while the fairness utility of the CGP agency gradually decreased.

Coordination in a not-for-profit organisation during the COVID-19 pandemic: organisational sensemaking during planning meetings

PurposeThe authors examine how a not-for-profit organisation (NPO) coordinates NPO's actions during the coronavirus disease 2019 (COVID-19) global pandemic to remain focussed on strategic and operational goals.Design/methodology/approachThe authors conducted a live case study of an NPO as the crises caused by the COVID-19 pandemic unfolded. Drawing on a sensemaking perspective that incorporates sensegiving, the authors develop a framework of five types of organisational sensemaking. The authors analyse weekly planning meetings during which managers discussed past performance, forecast performance and the forecast duration of current cash reserves.FindingsThe authors show how three of the five types of organisational sensemaking helped to coordinate actions. The authors highlight how accounting information triggers organisational sensemaking processes;but depending on the type of organisational sensemaking, accounting information has little further role. The authors also show that the stability of decisions depends on the types of organisational sensemaking.Practical implicationsThe authors show how coordination as a management control practice is enabled by organisational sensemaking within an NPO during a crisis. Organisational sensemaking enabled the agreement of actions, which enabled coordination. Accounting practices provided trigger mechanisms to facilitate organisational sensemaking.Originality/valueSince this study is the first to examine sensemaking processes and accounting practices in coordination in an NPO in a pandemic, the authors contribute to the limited research on NPOs during crises and on the management control practice of coordination. The authors extend the accounting literature on sensemaking by showing that, whilst accounting triggers organisational sensemaking, accounting is only implicated in one type of organisational sensemaking and by revealing the different outcomes of the different types of organisational sensemaking.

Evaluating the Impact of COVID-19 on Hospital Profit Compensation Activities: A Difference-in-Differences Event Study Analysis in China.

The impact of the 2019 coronavirus disease (COVID-19) pandemic is still being revealed, and little is known about the effect of COVID-19-induced outpatient and inpatient losses on hospital operations in many counties. Hence, we aimed to explore whether hospitals adopted profit compensation activities after the 2020 first-wave outbreak of COVID-19 in China. A total of 2,616,589 hospitalization records from 2018, 2019, and 2020 were extracted from 36 tertiary hospitals in a western province in China; we applied a difference-in-differences event study design to estimate the dynamic effect of COVID-19 on hospitalized patients' total expenses before and after the last confirmed case. We found that average total expenses for each patient increased by 8.7% to 16.7% in the first 25 weeks after the city reopened and hospital admissions returned to normal. Our findings emphasize that the increase in total inpatient expenses was mainly covered by claiming expenses from health insurance and was largely driven by an increase in the expenses for laboratory tests and medical consumables. Our study documents that there were profit compensation activities in hospitals after the 2020 first-wave outbreak of COVID-19 in China, which was driven by the loss of hospitalization admissions during this wave outbreak.

Network Design for the Temporal and Spatial Collaboration with Service Class in Delivery Services

The COVID-19 pandemic has significantly impacted e-commerce and the delivery service sector. As lockdowns and social distancing measures were put in place to slow the spread of the virus, many brick-and-mortar stores were forced to close, leading to an increase in online shopping. This situation led to a surge in demand for delivery services as more people turned to the internet to purchase goods. However, this increase in demand also created several challenges for delivery companies. They experienced delays in delivering packages due to increased volume, limited staff, and disruptions to supply chains. It led to more competition and increased pressure on delivery companies to improve their services and delivery times. To overcome such competition, collaboration among small and medium-sized delivery companies can be a good way to compete with larger delivery companies. By working together, small and medium-sized companies can combine their resources and expertise to offer more extensive coverage and competitive prices than they could individually. This can help them to gain market share and expand their customer base. This study proposes a network design model for collaboration with service class in delivery services considering multi-time horizon. The problem to be considered is deciding which company is dedicated to delivering certain types of items, such as regular or refrigerated items, in designated regions in each time horizon. During the agreed-upon timeframe, the companies operate, using each other's infrastructure (such as vehicles and facilities) and sharing delivery centers for the coalition's benefit to improve efficiency and reduce costs. We also propose a multi -objective, nonlinear programming model that maximizes the incremental profit of participating companies and a linearization methodology to solve it. The max-sum criterion and Shapley value allocation methods are applied to find the best solution and ensure a fair distribution of profits among the collaborating group. The efficiency of the suggested model is shown through a numerical illustration.

Addressing the unmet social needs of gynecologic oncology patients as identified by a universal screening tool in a safety net hospital

Objectives: To identify the unmet, actionable social needs of gynecologic oncology patients using a self-administered social needs assessment tool and quantify the interventions subsequently provided to our patients. Method(s): This is a study of data collected in an ongoing performance improvement initiative in a gynecologic oncology clinic at a safety net hospital and was determined to be exempt from review by the institutional IRB. Eligible patients completed the social needs screening tool from October 2021 to March 2022. The following social needs domains were assessed: food insecurity, utility insecurity, housing insecurity, transportation insecurity, need for childcare, exposure to violence, lack of companionship, difficulty reading, or difficulty accessing medical care due to fear of losing job. Patients were asked if they desired to speak with a social worker and if any needs were urgent. Data from the screening tool was collected and supplemented by data from the EMR. Univariate descriptive statistics were used to report the patient demographic information, prevalence of social needs, and referral rates for social needs identified. Result(s): There were 475 patients seen in the gynecologic oncology clinic since October 2021. 286 (60%) patients completed the screening tool. 139 (49%) screened positive for at least 1 social need;of those 98 (70%) were Hispanic with a median age of 56 years. 27 (6%) patients were receiving treatment for a gynecologic malignancy, of whom 19 (70%) had at least 1 social need. 25 (92%) patients were insured through Medi-Cal. 12 (44%) patients were being treated for endometrial cancer, followed by ovarian (7, 26%) and cervical (4, 15%). The social needs identified in all patients and in patients actively receiving cancer treatment are summarized in Fig. 1. Patients reporting lack of companionship were referred to mental health or cancer support groups through the American Cancer Society or the Los Angeles County Department of Public Health. Those needing transportation or utility services were linked with services available through their insurance or LA County, ride share vouchers, low-income energy assistance programs, COVID rent/mortgage relief programs. Patients with food and housing insecurity were assisted in applying for public housing or food stamps;local food banks were provided. Patients were assisted with applying for disability insurance as needed. To date, all actively treated patients reporting lack of companionship, need for transportation, avoiding medical care for fear of losing their job, and utility insecurity were provided resources;80% received resources for food insecurity. Conclusion(s): Universal screening for social needs in gynecologic cancer patients identifies a high rate of unmet needs within a safety net hospital. Cancer care navigators can successfully provide these patients community-based resources tailored to their individual social needs. Our next steps will be to determine if and how these resources impact our patients' experiences and treatment outcomes.[Formula presented]Copyright © 2022 Elsevier Inc.

Virtual Collaboration, Organizations and Networks (VCONs)

This minitrack for HICSS-56 highlights the continued importance and growth of geographically distributed collaboration and telework in organizations and networks. The ongoing global COVID-19 pandemic has greatly accelerated this practice in most private, public, and non-profit organizations and reignited interest in this critically important area of research and practice. The minitrack explores several questions related to virtual collaboration, telework and networks, using a wide variety of research methods and approaches. © 2023 IEEE Computer Society. All rights reserved.