COVID-19 pandemic and firm performance: Cross-country evidence
International Review of Economics & Finance
; 2021.
Article
in English
| ScienceDirect | ID: covidwho-1157436
ABSTRACT
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.
Full text:
Available
Collection:
Databases of international organizations
Database:
ScienceDirect
Type of study:
Randomized controlled trials
Language:
English
Journal:
International Review of Economics & Finance
Year:
2021
Document Type:
Article
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