Effects of epidemic disease outbreaks on financial performance of restaurants: Event study method approach

Kim, Jaewook; Kim, Jewoo; Lee, Seul Ki; Tang, Liang

doi:10.1016/j.jhtm.2020.01.015

Cited by 160 publications

(164 citation statements)

References 52 publications

Supporting

Mentioning

143

Contrasting

Unclassified

Order By: Relevance

“…Results in the previous table(8) also show that the difference between the market value before and after COVID19 outbreak is also significant as sig. of t is .0368 which is less than the .05 significance level.…”

mentioning

confidence: 67%

“…This is in addition to the accounting and financial reporting impacts, going concern, and subsequent events. Literature examined the effects of disease outbreaks on stock markets and stock market reactions (Ramelli, 2020; Kim et al, 2020;Loharikar et al, 2012;Fox & Peterson, 2002;Chen et al,2007;Jin, 2008;Nippani et al, 2004;Pendell et al, 2013). This paper extends this line of research as it aims at measuring the relationship between the market value disclosure of Egyptian Listed Companies, COVID-19 outbreak, and profitability of these companies.…”

mentioning

confidence: 99%

See 1 more Smart Citation

Measuring the Relationship between Market value Disclosure, COVID-19 Outbreak, and Profitability In Egyptian Listed Companies

Nasser¹,

Alrashedy²

2020

مجلة البحوث المالیة والتجاریة

View full text Add to dashboard Cite

The main objective of the paper is to measure the relationship between the market value disclosure of Egyptian Listed Companies, COVID-19 outbreak, and profitability. Multiple linear regressions, paired sample t-test, cross tabulations analysis and chi-square test are used to measure such a relationship, to analyze the effect of industry type on profitability and market value and to test for the significance of differences of market values and profitability before (for the period ended December 31, 2019) and after COVID-19 outbreak (for the period ended March 31, 2020). Results show that the market value and profitability of Egyptian Listed Companies before COVID19 outbreak differs significantly from the market value and profitability after COVID19 outbreak. Results also show that industry type has a significant impact on the market value and profitability of Egyptian Listed Companies. Detailed analysis for every sector in the Egyptian stock Market shows that there is a negative relationship between market value of all Egyptian listed companies and COVID-19 outbreak. Results also show that there is a positive relationship between market value disclosure of Egyptian Listed Companies and profitability except for Trades and Distributions sector and Paper and Packaging Sector. These results have important implications for investors, practitioners and company management on how to stabilize performance during pandemic disease outbreaks by having fixed diversified portfolio of high-quality stocks and fixed-income investments.

show abstract

mentioning

confidence: 67%

mentioning

confidence: 99%

Measuring the Relationship between Market value Disclosure, COVID-19 Outbreak, and Profitability In Egyptian Listed Companies

Nasser¹,

Alrashedy²

2020

مجلة البحوث المالیة والتجاریة

View full text Add to dashboard Cite

show abstract

“…The world is currently dealing with the realities imposed on her by the coronavirus (COVID-19) pandemic, which has led to a huge economic loss for thousands of businesses across the globe. This loss in finance is out-rightly attributed to many of the government's order of shutting down business operations [17][18]. In Nigeria, it is the same scenario as the major economic hub States are on lockdown as a result of the upsurge of the coronavirus.…”

Section: Causatives On the Fast-paced Spread Propagation In Nigeriamentioning

confidence: 99%

Modeling Behavioural Evolution as Social Predictor for the Coronavirus Contagion and Immunization in Nigeria

Ojugo

Eboka

2021

J. Appl. Sci. Eng. Technol. Educ.

View full text Add to dashboard Cite

Since the outbreak of the novel coronavirus (covid-19) pandemic from China in 2019, it has left the world leaders in great confusing due to its fast-paced propagation and spread that has left infected a world population of over Eleven Million persons with over five hundred and thirty four thousand deaths and counting with the United States of America, Brazil, Russia, India and Peru in the lead on these death toll. The pandemic whose increased mortality rate is targeted at ‘aged’ citizens, patients with low immunology as well as patients with chronic diseases and underlying health conditions. Study models covid-19 pandemic via a susceptible-infect-remove actor-based graph, with covid-19 virus as the innovation diffused within the social graph. We measure the rich connective patterns of the actor-based graph, and explore personal feats as they influence other nodes to adopt or reject an innovation. Results shows current triggers (lifting of inter-intra state migration bans) and shocks (exposure to covid-19 by migrants) will lead to late widespread majority adoption of 23.8-percent. At this, the death toll will climb from between 4.43-to-5.61-percent to over 12%.

show abstract

“…To facilitate post-crisis tourism recovery, they propose stimulus vouchers for residents to support tourism. Kim et al (2020) research the impact of infectious and macroscopic epidemic disease outbreaks on financial performance of the restaurant industry. They find negative influence of epidemic disease outbreaks on the restaurant industry, and identify firm characteristics that serve as risk-mitigating factors.…”

Section: Introductionmentioning

confidence: 99%

The impact of covid-19 pandemic on global financial markets: a qualitative analysis / El impacto de la pandemia del covid-19 en los mercados financieros globales: un análisis cualitativo

Ajayi

Aliyev

Sarkhanov

2020

BJB

View full text Add to dashboard Cite

show abstract

Effects of epidemic disease outbreaks on financial performance of restaurants: Event study method approach

Cited by 160 publications

References 52 publications

Measuring the Relationship between Market value Disclosure, COVID-19 Outbreak, and Profitability In Egyptian Listed Companies

Measuring the Relationship between Market value Disclosure, COVID-19 Outbreak, and Profitability In Egyptian Listed Companies

Modeling Behavioural Evolution as Social Predictor for the Coronavirus Contagion and Immunization in Nigeria

The impact of covid-19 pandemic on global financial markets: a qualitative analysis / El impacto de la pandemia del covid-19 en los mercados financieros globales: un análisis cualitativo

Contact Info

Product

Resources

About