Global financial crisis and COVID-19: Industrial reactions

Chen, Hsuan‐Chi; Yeh, Chia‐Wei

doi:10.1016/j.frl.2021.101940

Cited by 99 publications

(73 citation statements)

References 17 publications

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“…A worldwide economic and financial crisis has followed the COVID-19 pandemic, overwhelming the 2008-2010 crisis (Brada et al, 2021;Chen & Yeh, 2021;Gromski et al, 2021). Research has indicated that families prefer to reduce their spending on products and services that are not needed until the economy recovers again Kumar & Shah, 2021;Soon et al, 2021).…”

Section: Strategies For Financial Recoverymentioning

confidence: 99%

Challenges and Uncertainty: The Impact of Covid 19 on Segi Seri Group Sdn. Bhd.

Sharif¹,

Akbarruddin²,

Yusoff³

et al. 2021

IJARBSS

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Running a business operation has always been associated with certain risk that needs to be constantly monitored to ensure that the risk is under control. In the middle of the present COVID-19 pandemic that has affected various aspects of socioeconomic, the risk and challenges faced by the business organisation just went up a notch higher. The current socioeconomic was unprecedented and due to the drastic measure taken by the government to slow down the spread of the disease, many businesses find themselves struggling to stay afloat as they were unable to run the business as they normally did. Due to the nature that necessitates them to interact directly with the customers, the hospitality industry has received one of the hardest impacts as the pandemic continues. Foodservice sector such as restaurant, small roadside stall, and event management catering has felt the full-frontal brunt of the COVID-19 wave with the latter facing the harshest impact. This study investigated the risk and challenges that a local event management catering company called Seri Segi endured during the COVID-19 pandemic. The study was conducted through 4 months of observation and interviews with some of the employees. The data were analysed using narrative analysis that extracted the key or crucial point of the data. The result showed there were 6 areas of concern that became the challenges for Seri Segi group: branding, cost, customer demand, competition, promotion, and manpower.

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Section: Strategies For Financial Recoverymentioning

confidence: 99%

Challenges and Uncertainty: The Impact of Covid 19 on Segi Seri Group Sdn. Bhd.

Sharif¹,

Akbarruddin²,

Yusoff³

et al. 2021

IJARBSS

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show abstract

“…Many small firms suffered large decreases in demand, were unable to organize work remotely using technology, and did not have sufficient room for social distancing. 3 Those in certain industries, such as hospitality and construction were particularly hard hit (e.g., Chen and Yeh, 2020), as were those in states with the strictest lockdowns (e.g., Goel and Thakor, 2020;Hale, Petherick, Phillips, and Webster, 2020). As discussed further in Section 3, there was an "economic surprise" in which the recession caused by the public health crisis was very short and the economic recovery was quite extraordinary.…”

Section: The Covid-19 Crisismentioning

confidence: 99%

Banking Research in the Time of COVID-19

Berger

Demirgüç-Kunt²

2021

SSRN Journal

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The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the International Bank for Reconstruction and Development/World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank or the governments they represent.

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“…Many companies are choosing cost cutting strategies to survive the economic shocks caused by the Covid-19 pandemic. Likewise in the USA, a recent study by (Chen & Yeh, 2021) concluded that the Covid-19 pandemic caused financial performance and stock prices as measured by CAR in 49 industries listed on the New York Stock Exchange to experience a negative even. However, efforts through quantitative easing can restore investor confidence and improve stock performance.…”

Section: Introductionmentioning

confidence: 99%

Measurement of Return on Asset (ROA) based on Comprehensive Income and its Ability to Predict Investment Returns: an Empirical Evidence on Go Public Companies in Indonesia before and during the Covid-19 Pandemic

Kusuma

2021

EKU

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Purpose - The concept of recognizing all inclusive income, which is used by IFRS and Indonesian SAK, is the basis for presenting other comprehensive income in the income statement. This change in format became the idea of developing a financial performance measurement.Methodology - Testing the effect of attributable comprehensive income ROA and attributable ROA net income on future cash flows and net income, as a proxy for the ability to provide future returns, and applying them in measuring performance before and during the Covid-19 pandemic.Findings - ROA net income is better able to predict future investment returns. ROA comprehensive income has more relevance value, when only other items of comprehensive income that have the potential to be realized are included. In assessing performance, users are advised to keep using the ROA of the net income version, and when using the ROA of the comprehensive income version, it is advisable to include only OCI which will be reclassified. The financial performance of companies in many industrial sectors experienced a decline during the Covid 19 pandemic using two ROA measures.Novelty - Development of ROA formulation by including other comprehensive income and profit attribution, so far ROA is only based on net income.

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Global financial crisis and COVID-19: Industrial reactions

Cited by 99 publications

References 17 publications

Challenges and Uncertainty: The Impact of Covid 19 on Segi Seri Group Sdn. Bhd.

Challenges and Uncertainty: The Impact of Covid 19 on Segi Seri Group Sdn. Bhd.

Banking Research in the Time of COVID-19

Measurement of Return on Asset (ROA) based on Comprehensive Income and its Ability to Predict Investment Returns: an Empirical Evidence on Go Public Companies in Indonesia before and during the Covid-19 Pandemic

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