Financial Performance of Businesses in the Covid-19 Pandemic Conditions – Comparative Study

Kubiczek, Jakub; Derej, Wojciech

doi:10.17512/pjms.2021.24.1.11

Cited by 20 publications

(18 citation statements)

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“…Biswas (2021) also has similar results, which are positive nexus between R&D expenditure and financial performance during epidemic quarters, since R&D activities may enhance resilience and flexibility such as utilizing contactless delivery [12]. In addition, it is the pandemic that helps the rapid realization of R&D investments in the healthcare industry, such as remedy for COVID-19 -some hospitals have higher revenue on account of COVID-19 hospitalizations and medicinesand digitalization of healthcare [8,16].…”

Section: Relationship After Covid-19 Outbreakmentioning

confidence: 90%

“…According to Vanderpal (2015), tangible assets investments are only half as effective as R&D investments, and R&D spending positively correlates with operating performance, productivity, and market value [8]. Chuang (2003) realized a noticeably positive nexus between firm value and R&D investments, if an enormous number of security analysts monitor the managerial performance in the companies and outside directors occupy a significant percentage [9].…”

Section: Randd Investments Impact On the Healthcare Industrymentioning

confidence: 99%

“…There are several negative effects on financial performance among Chinese listed companies both now and in the future, including income, profitability, investment behaviors, share and other security prices [15]. However, the effect is different among various industries because of core business diversity and adaptation level of external environment [8]. For example, according to the first quarter of 2020, the industries covering transportation, tourism, and firms depending on these industries had suffered the most serious hits [15].…”

Section: Covid-19 Impacts On Firm's Performancementioning

confidence: 99%

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The Impact of the R&D Investments towards Short-term Corporate Valuation -- Evidence from Chinese Listed Healthcare Companies

Chen¹

2022

BCPBM

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R&D investments impact the corporate valuation in the healthcare industry, and the outbreak of COVID-19 influences their relationship. This paper applied simple linear regression to analyse the influence of R&D investments on corporate valuation among Chinese listed healthcare companies, showing an enormous difference between R&D intensity and personnel. R&D intensity will have a negative relationship with corporate valuation in the current year, while R&D personnel will positively influence it. Further, after the pandemic outbreak, the nexus between corporate valuation and R&D intensity transferred into positive, while its R&D personnel counterpart is still not significant. These results display that it is essential for Chinese listed healthcare companies to improve corporate valuation through altering their R&D policy, such as recruiting R&D personnel, paying attention to R&D investments and their effectiveness, and learning the experience from the epidemic outbreak. In addition, this paper also enriches the literature review of R&D spending and corporate valuation.

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Section: Relationship After Covid-19 Outbreakmentioning

confidence: 90%

Section: Randd Investments Impact On the Healthcare Industrymentioning

confidence: 99%

Section: Covid-19 Impacts On Firm's Performancementioning

confidence: 99%

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The Impact of the R&D Investments towards Short-term Corporate Valuation -- Evidence from Chinese Listed Healthcare Companies

Chen¹

2022

BCPBM

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“…Some researchers have linked the outbreak with a global recession [31]. In a study of the pandemic's effects on businesses' financial performance in Poland, significant variation was observed in industries' sensitivity to this crisis [32]. Among the various industries, tourism is the one most affected by the pandemic [33].…”

Section: Impact Of Covid-19 Pandemic On Tourismmentioning

confidence: 99%

“…In the last few years, the pandemic's influence on tourism has drawn wide academic attention [35][36][37][38][39]. Research shows that the pandemic has created a volatile travel environment for national tourism systems [32]. In Europe, the tourism industry came to an abrupt halt and employees lost income mere weeks after COVID-19 was declared a pandemic [37].…”

Section: Impact Of Covid-19 Pandemic On Tourismmentioning

confidence: 99%

Vulnerability of Tourist Cities’ Economic Systems Amid the COVID-19 Pandemic: System Characteristics and Formation Mechanisms—A Case Study of 46 Major Tourist Cities in China

Fang-ming

Gezhi

2022

Sustainability

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Research on the vulnerability of tourist cities’ economic systems during COVID-19 can offer insightful implications for tourism recovery and resilience. We built a vulnerability index of tourist cities’ economic systems based on sensitivity and responsiveness amid COVID-19. Taking 46 major tourist cities in China as a case, the vulnerability indices and main vulnerability-induced factors were analyzed using a comprehensive assessment model and a factor identification model. The results revealed several trends. First, after the pandemic emerged, the vulnerability of the economic systems of major tourist cities remained mostly moderate. Vulnerability could be further divided into four types across four city characteristics and four system characteristics. Second, sensitivity had a more pronounced effect on system vulnerability; crisis pressure and inbound tourism reliance exerted key influences on the vulnerability of tourist cities’ economic systems. Cities with high and relatively high vulnerability were subject to tourism reliance sensitivity factors and urban guarantee responsiveness factors. Third, the pandemic’s influence on tourist cities’ economic system vulnerability was mainly reflected in exogenous environmental stress vulnerability (i.e., due to external environmental stress), but was essentially endogenous structural imbalance vulnerability (i.e., due to imbalanced internal structures). Fourth, system vulnerability can be alleviated by reducing system sensitivity, improving system responsiveness, and enhancing the system’s engineering resilience and ecological resilience. This study not only offers an overview of the vulnerability characteristics of tourist cities’ economic systems amid the COVID-19 pandemic, but also highlights the formation mechanisms of vulnerability.

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Navigating the storm: how managers’ decisions shape companies in crisis

Vázquez-Martínez,

Morales-Mediano,

Leal-Rodríguez

et al. 2024

Rev Manag Sci

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Financial Performance of Businesses in the Covid-19 Pandemic Conditions – Comparative Study

Cited by 20 publications

References 0 publications

The Impact of the R&D Investments towards Short-term Corporate Valuation -- Evidence from Chinese Listed Healthcare Companies

The Impact of the R&D Investments towards Short-term Corporate Valuation -- Evidence from Chinese Listed Healthcare Companies

Vulnerability of Tourist Cities’ Economic Systems Amid the COVID-19 Pandemic: System Characteristics and Formation Mechanisms—A Case Study of 46 Major Tourist Cities in China

Navigating the storm: how managers’ decisions shape companies in crisis

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