How COVID-19 Affects Agricultural Food Sales: Based on the Perspective of China’s Agricultural Listed Companies’ Financial Statements

Chen, Jianxiong; Yang, Chung-Cheng

doi:10.3390/agriculture11121285

Cited by 8 publications

(5 citation statements)

References 52 publications

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“…However, there is other research that shows conflicting results. For example, Chen and Yang [50] argued that COVID-19 reduced the sales of agri-food companies. Corchuelo Martínez-Azúa et al [12] found that COVID-19 had a negative impact on agri-food companies, while a positive impact for COVID-19 was detected in some branches.…”

Section: Discussionmentioning

confidence: 99%

Exploring the Impact of the COVID-19 Pandemic on Firms’ Financial Performance and Cash Holding: New Evidence from China’s Agri-food Sector

Jin

2022

Agronomy

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The objective of this paper is to investigate the impact of coronavirus disease 2019 (COVID-19) on the financial performance and cash holdings of Chinese agri-food companies. We also examine whether or not company ownership, the affected areas, and leverage level affect this relationship. The empirical results show that the COVID-19 outbreak has had no significant impact on financial performance and the cash-holding level of agri-food companies. In addition, the financial performance of state-owned companies is enhanced during such a crisis, whereas COVID-19 reduced the financial performance and cash-holding level of privately owned companies. In middle- and high-risk areas, the pandemic has had a negative impact on financial performance, while it has had a positive impact on financial performance in low-risk areas. The negative impact of COVID-19 on cash holding is greater in highly leveraged companies than it has been in low-leveraged companies. This paper may provide some new insights for managers to ensure smooth operation and improve firms’ performance in order to overcome this crisis.

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Section: Discussionmentioning

confidence: 99%

Exploring the Impact of the COVID-19 Pandemic on Firms’ Financial Performance and Cash Holding: New Evidence from China’s Agri-food Sector

Jin

2022

Agronomy

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“…However, global food market stability is still challenged by factors such as climate variability, rising agricultural input costs, geopolitical conflicts, and transportation constraints caused by the COVID-19 pandemic [ 3 ]. In the process of delivering agricultural products from farmland to consumers, agricultural enterprises play an intermediary role [ 4 , 5 ]. They collect raw agricultural products from farmers and reproduce them in order to provide multiple types of food to consumers.…”

Section: Introductionmentioning

confidence: 99%

Enhancing Food Security through Digital Inclusive Finance: Evidence from Agricultural Enterprises in China

Huang

Azman

2023

IJERPH

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As a means of enhancing food security, efficient agricultural processing and the maintenance of a smooth supply chain are essential for ensuring food quality and reducing food wastage. Agricultural enterprises play a crucial role in the processing and transportation of food from farms to dinner tables. Operating income growth plays the vital role of ensuring that agricultural enterprises function in a stable manner while also indicating the quantity and quality of market food supply. Therefore, the objective of this study is to explore the impact of digital inclusive finance on food security by analyzing the effect of digital inclusive finance on the operating income of agricultural enterprises in China. By applying pooled OLS analysis to Chinese agricultural enterprises that are listed in the National Equities Exchange and Quotations, this study finds that digital inclusive finance can help improve agricultural operating income. The results reveal that digital inclusive finance can facilitate the promotion of agricultural operating income by increasing the supply of financing, accelerating inventory liquidity, and supporting investment in research and development. In addition, this study concludes that digital inclusive finance is more effective for increasing agricultural operating income as a result of its wider coverage and deeper utilization. Furthermore, the development of traditional finance is still necessary for the digitization of digital inclusive finance to be effective.

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“…Much research has been conducted on the impact of COVID-19 on the agri-food supply chain. Chen and Yang (2021) found that in China, the COVID-19 pandemic reduced the sales of agri-food products, and the sales of agri-food products by large agricultural companies had fallen more than those of SMEs. Hobbs (2020) showed that the pandemic's impact depends on the type of products and the size of the initiatives in Canada.…”

Section: Liter Ature Rev Iewmentioning

confidence: 99%

Impacts of the COVID–19 Pandemic on the Financial Characteristics of Corporations in the Agri–food Supply Chain in Japan

UENISHI,

NANSEKI

2023

Journal of the Faculty of Agriculture, Kyushu University

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This study investigated the impact of the COVID-19 pandemic on the agri-food supply chain in Japan in terms of firms' financial characteristics, focusing on profitability, safety, and productivity-related indicators. We used the dataset of TKC Management Indicators (BAST) (Summary Version) from 2019 to 2021. The agri-food supply chain industries we focus on are "Agriculture," "Manufacture of food," "Wholesale trade (food and beverages)," "Retail trade (food and beverages)," "Eating and drinking places," and "Food take-out and delivery services." The results revealed that during the COVID-19 pandemic, "Agriculture" had high profitability and safety in the agri-food supply chain, making it the most resilient during the pandemic. Based on these results, we identified potential factors that affected profitability and safety in "Dairy cattle farming" during the pandemic: government support policies and a decline in beef consumption due to a drop in inbound demand. In addition, for "Rice farming," we identified government policy support, such as subsidies, and high value-added through direct sales to consumers.

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How COVID-19 Affects Agricultural Food Sales: Based on the Perspective of China’s Agricultural Listed Companies’ Financial Statements

Cited by 8 publications

References 52 publications

Exploring the Impact of the COVID-19 Pandemic on Firms’ Financial Performance and Cash Holding: New Evidence from China’s Agri-food Sector

Exploring the Impact of the COVID-19 Pandemic on Firms’ Financial Performance and Cash Holding: New Evidence from China’s Agri-food Sector

Enhancing Food Security through Digital Inclusive Finance: Evidence from Agricultural Enterprises in China

Impacts of the COVID–19 Pandemic on the Financial Characteristics of Corporations in the Agri–food Supply Chain in Japan

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