پیوندهای مفید
اخبار و اعلانات
آمار
| تعداد نشریات | 161 |
| تعداد شمارهها | 6,573 |
| تعداد مقالات | 71,037 |
| تعداد مشاهده مقاله | 125,522,679 |
| تعداد دریافت فایل اصل مقاله | 98,782,386 |
The Relationship between COVID-19 Pandemic, Healthcare System, Corporate Governance and Firm Performance in Developing Countries: An Empirical Analysis | ||
| Iranian Economic Review | ||
| مقاله 10، دوره 28، شماره 4، اسفند 2024، صفحه 1337-1356 اصل مقاله (726.29 K) | ||
| نوع مقاله: Research Paper | ||
| شناسه دیجیتال (DOI): 10.22059/ier.2024.350230.1007567 | ||
| نویسندگان | ||
| Jamel Eddine Mkadmi* 1؛ Wissem Ben Ali2؛ Ahmed Alouani3 | ||
| 1Higher Institute of Business Administration of Gafsa, Department of Accounting and Tax, University of Gafsa, Gafsa, Tunisia. | ||
| 2Manouba University, Campus universitaire Manouba, Manouba, Tunisia. | ||
| 3Higher Institute of Business Administration of Gafsa, University of Gafsa, Gafsa, Tunisia; CEMAFI Lab, Nice, France. | ||
| چکیده | ||
| The purpose of this study is to examine the actual consequences of the COVID-19-related shocks in terms of supply disruption, halted production, and uncertainty. The goal is to investigate if COVID-19 has a negative impact on company performance and quantify the degree of the effect by performing a quantitative methodology based on a set of data from 30 Tunisian financial institutions between 2019 and 2020. The sample covers firm-level accounting data from financial institution annual reports from 2019-2020, complemented with data on cumulative cases and new cases of COVID-19 from the World Health Organization (WHO). Results show that increasing healthcare spending is useful in mitigating the negative effects of COVID-19. Second, pandemics have less of an impact on firms in nations with higher levels of financial development. Third, improved institutional quality in terms of accountability, government effectiveness, regulatory quality, and the rule of law assists companies in navigating the COVID-19 downturn. Finally, avoiding ambiguity exacerbates COVID-19's negative impact. | ||
| کلیدواژهها | ||
| Corporate Governance؛ Financial Development؛ Firm Performance؛ Healthcare System؛ Pandemic | ||
| مراجع | ||
|
Allred, B. B., & Swan, K. S. (2004). Global Versus Multidomestic: Culture’s Consequences on Innovation. Management International Review, 44(1), 81-105.
Amore, Daniele, M., Pelucco, V., & Quarato, F. (2020). Family Ownership during the COVID-19 Pandemic. SSRN Electronic Journal, 147, 1-10.
Bae, K. H., & Goyal, V. K. (2009). Creditor Rights, Enforcement, and Bank Loans. The Journal of Finance, 64(2), 823-860.
Baek, S., Mohanty, S. K., & Glambosky, M. (2020). COVID-19 and Stock Market Volatility: An Industry Level Analysis. Finance Research Letters, 37, 101748.
Baker, S. R., Bloom, N., Davis, S. J., & Terry, S. J. (2020). COVID-Induced Economic Uncertainty. NBER Working Papers, 26983, 1-17.
Broadstock, D. C., Chan, K., Cheng, L. T. W., & Wang, X. (2021). The Role of ESG Performance during Times of Financial Crisis: Evidence from COVID-19 in China. Finance Research Letters, 38, 101716.
Choi, S. (2020). Industry Volatility and Economic Uncertainty Due to The COVID-19 Pandemic: Evidence From Wave Let Coherence Analysis. Finance Research Letters, 37,101783.
Chong, T. T. L., Lu, L., & Ongena, S. (2013). Does Banking Competition All Eviate or Worsen Credit Constraints Faced by Small-and Medium-Sized Enterprises? Evidence from China. Journal of Banking & Finance, 37(9), 3412-3424.
Croci, E., Hertig, G., Khoja, L., & Lan, L. L. (2020). The Advisory and Monitoring Roles of the Board: Evidence from Disruptive Events. European Corporate Governance Institute–Finance Working Paper, 673, 1-51.
Demir, E., Gozgor, G., Lau, C. K. M., & Vigne, S. A. (2018). Does Economic Policy Uncertainty Predict The Bitcoin Returns? An Empirical Investigation. Finance Research Letters, 26, 145-149.
Ding, W., Levine, R., Lin, C., & Xie, W. (2021). Corporate Immunity to the COVID-19 Pandemic. Journal of Financial Economics, 141(2), 802-830.
Fahlenbrach, R., Rageth, K., & Stulz, R. M. (2021). How Valuable is Financial Flexibility When Revenue Stops? Evidence from the COVID-19 Crisis. The Review of Financial Studies, 34(11), 5474-5521.
Goodell, J. W. (2020). COVID-19 and Finance: Agendas for Future Research. Finance Research Letters, 35, 101512.
Guerrieri, V., Lorenzoni, G., Straub, L., & Werning, I. (2022). Macroeconomic Implications of COVID-19: Can Negative Supply Shocks Cause Demand Shortages? American Economic Review, 112(5), 1437-1474.
Guney, Y., Karpuz, A., & Komba, G. (2020). The Effects of Board Structure on Corporate Performance: Evidence from East African Frontier Markets. Research in International Business and Finance, 53(January), 101222.
Hassan, T. A., Hollander, S., Van Lent, L., Schwedeler, M., & Tahoun, A. (2023). Firm-Level Exposure to Epidemic Diseases: Covid-19, SARS, and H1N1. The Review of Financial Studies, 36(12), 4919-4964.
Hofstede, G. (2001). Culture’s consequences: Comparing Values, Behaviors, Institutions, and Organizations across Nations. Thousand Oaks: Sage.
---------- (1980). Culture’s Consequences: International Differences in Work-Related Values. Beverley Hills: Sage.
House, R. J., Hanges, P. J., Javidan, M., Dorfman, P. W., & Vipin, G. (2004). Culture, Leadership, and Organizations: The GLOBE Study of 62 Societies. Thousand Oaks: Sage.
Hu, S., & Gong, D. (2019). Economic Policy Uncertainty, Prudential Regulation, and Bank Lending. Finance Research Letters, 29, 373-378.
Hu, S., & Zhang, Y. (2021). COVID-19 Pandemic and Firm Performance: Cross-Country Evidence. International Review of Economics & Finance, 74, 365-372.
Jensen, M. C., & Meckling, W. H. (1976). Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure. Journal of Financial Economics, 3(4), 305-360.
Khatib, S. F. A., Abdullah, D. F., Kabara, A. S., Hazaea, S. A., & Rajoo, T. S. (2020). Do Debts Have Any Impact on Governance Bundle and Agency Costs? Over-Governance Hypothesis. Technium Social Sciences Journal, 9(1), 384-396.
Li, L., Strahan, P. E., & Zhang, S. (2020). Banks as Lenders of First Resort: Evidence from the COVID-19 Crisis. The Review of Corporate Finance Studies, 9(3), 472-500.
Liu, H., Yi, X., & Yin, L. (2020). The Impact of Operating Flexibility on Firms’ Performance during the COVID-19 Outbreak: Evidence from China. Finance Research Letters, October, 101808.
Love, I. (2003). Financial Development and Financing Constraints: International Evidence from the Structural Investment Model. Review of Financial Studies, 16(3), 765-791.
Mirza, N., Rahat, B., Naqvi, B., & Rizvi, S. K. A. (2020). Impact of COVID-19 on Corporate Solvency and Possible Policy Responses in the EU. Quarterly Review of Economics and Finance, 72, 232- 239.
Narayan, P. K., & Phan, D. H. B. (2020). Country Responses and the Reaction of the Stock Market to COVID-19 – a Preliminary Exposition. Emerging Markets Finance and Trade, 56(10), 2138-2150.
Narayan, P. K., Phan, D. H. B., & Liu, G. (2020). COVID-19 Lockdowns, Stimulus Packages, Travel Bans, and Stock Returns. Finance Research Letters, 38, 101732.
Qian, J., & Strahan, P. E. (2007). How Law and Institutions Shape Financial Contracts: The Case of Bank Loans. The Journal of Finance, 62, 2803-2834.
Qin, X., Huang, G., Shen, H., & Fu, M. (2020). COVID-19 Pandemic and Firm-Level Cash Holding- Moderating Effect of Goodwill and Goodwill Impairment. Emerging Markets Finance and Trade, 56(10), 2243-2258.
Scherer, A. G., & Voegtlin, Ch. (2020). Corporate Governance for Responsible Innovation: Approaches to Corporate Governance and Their Implications for Sustainable Development. Academy of Management Perspectives, 34, 182-208.
Sharma, A., Adhikary, A., & Borah, S. B. (2020). COVID-19′s Impact on Supply Chain Decisions: Strategic Insights from NASDAQ 100 Firms Using Twitter Data. Journal of Business Research, 117, 443-449.
Slater, A. (2020). Soaring Corporate Debt is a Risk to Global Growth. Economic Outlook, 44(3), 19-23.
Song, H. J., Yeon, J., & Lee, S. (2020). Impact of the COVID-19 Pandemic: Evidence from the U.S. Restaurant Industry. International Journal of Hospitality Management, 92, 102702. | ||
|
آمار تعداد مشاهده مقاله: 20 تعداد دریافت فایل اصل مقاله: 25 |
||
سامانه مدیریت نشریات علمی. قدرت گرفته از سیناوب