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COVID-19 pandemic and firm performance: An empirical investigation using a cross-country sample

Publication Type : Journal Article

Publisher : Elsevier BV

Source : IIMB Management Review

Url : https://doi.org/10.1016/j.iimb.2024.07.002

Keywords : COVID-19, Pandemic, Firm performance, Firm value, Liquidity, Governance indicators

Campus : Bengaluru

School : School of Business

Year : 2024

Abstract : We investigate the effect of COVID-19 pandemic on firm performance using the quarterly financial data of firms from 89 countries and show that the pandemic has a detrimental impact on firm performance. The firms that held more long-term debt and account receivables on their balance sheet before the pandemic were relatively more affected amid the pandemic. The cash buffers can make firms more resilient to the COVID-19 crisis. The quality of a country's governance plays a vital role in mitigating the adverse impact of the pandemic on firm performance.

Cite this Research Publication : A. Athira, Vishnu K. Ramesh, Mohan Sinu, COVID-19 pandemic and firm performance: An empirical investigation using a cross-country sample, IIMB Management Review, Elsevier BV, 2024, https://doi.org/10.1016/j.iimb.2024.07.002

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