2023
DOI: 10.1002/jid.3769
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Firms' digital investment and resilience to shocks: Evidence from the COVID‐19 pandemic in Ghana

Abstract: This paper examines the effect of digital investment on firm performance amid the COVID‐19 pandemic in Ghana. Applying a difference‐in‐difference estimator to a panel of 7548 firm‐year observations from 2019 to 2020, we find a positive relationship between digital investment and firm performance. While these findings are robust to different estimation techniques, the complementarity of mobile money platforms and internet services yields a significant impact on firm performance than using either exclusively. We… Show more

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