Corporate immunity, national culture and stock returns: Startups amid the COVID-19 pandemic

Hoang, Huy Viet; Nguyen, Cuong; Nguyen, Duc Khuong

doi:10.1016/j.irfa.2021.101975

Cited by 37 publications

(27 citation statements)

References 65 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Using daily data series of stock price indices, Khatatbeh et al (2020) provide evidence for the immediate reactions of global stock markets to the outbreak of the COVID-19 pandemic. Hoang, Nguyen, and Nguyen (2022) argue that the increase in the accumulated COVID-19 confirmed cases worsens stock returns. Latif et al (2021) estimate that a 1% increase in COVID-19 leads to a 0.8% and 0.56% decline in stock return and GDP, respectively.…”

Section: Related Literaturementioning

confidence: 98%

How does China's stock market react to supply chain disruptions from COVID-19?

Wang

Dong

Liu

2022

International Review of Financial Analysis

View full text Add to dashboard Cite

Section: Related Literaturementioning

confidence: 98%

How does China's stock market react to supply chain disruptions from COVID-19?

Wang

Dong

Liu

2022

International Review of Financial Analysis

View full text Add to dashboard Cite

“…The continuing impact of the pandemic will lead to a negative effect on stock returns (Hoang et al 2022 ). At the same time, the impact of the pandemic is likely to be less harmful to companies with high ESG performance (Mousa et al 2022 ).…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

ESG performance in the time of COVID-19 pandemic: cross-country evidence

Amosh

Khatib

2023

Environ Sci Pollut Res

View full text Add to dashboard Cite

The purpose of this paper is to compare the performance of environmental, social, and governance (ESG) in developing and developed countries prior to and during the COVID-19 pandemic; the study also seeks to reveal the impact of the COVID-19 on the performance of ESG during the pandemic period. Based on a large international panel dataset of 12,325 company-year observations covering 2016–2021, panel regression analysis examined the study hypotheses and achieved the study objectives. The findings indicate that companies have taken precautions against the threats of the COVID-19 pandemic by ensuring compliance with ESG performance to prove their ethical behavior during a crisis. Our findings call into question the notion that companies in developed countries outperform companies in developing countries in terms of ESG performance. As a result, companies in emerging markets outperform companies in developed markets regarding environmental performance, while developed markets focus on social performance. Besides, the ESG performance is positively and significantly affected by the COVID-19, which indicates that during crises, it is important for companies to comply with ethical behavior and the most acceptable in societies. Also, the pandemic has a positive impact on both environmental and social performance, while it has a negative impact on governance performance alone. A considerable body of the literature has addressed the effect of the COVID-19 pandemic on various aspects of a company’s financial and non-financial practices. However, limited effort was given to ESG performance. The current study fills this gap by evaluating the direct effect of the COVID-19 crisis on the ESG performance in developing and developed countries. It also provides insight into the ESG performance and corporate behavior and obligations.

show abstract

“…They revealed that the market stock return is significantly affected by the book-to-market equity ratio, return on equity, and the return on assets ratio, whereas the market return is not significantly affected by the net profit margin ratio. In another related study, Hoang, Nguyen, and Nguyen (2022) investigated the association between financial indicators and market returns for listed startups across four countries. They found that the market return is positively connected with the total debt-to-earnings ratio before interest and taxes, meaning that if the market return increases, the total debt-toearnings ratio before interest and taxes will also increase and vice versa.…”

Section: Literature Reviewmentioning

confidence: 99%

Investigating the Influence of Financial Indicators on Stock Returns in the Presence of the COVID-19 Pandemic

Almansour

Hasan

Matar

et al. 2022

5002

View full text Add to dashboard Cite

In this paper, we investigate the influence of financial proxies on companies in the real estate sector listed on the Amman stock exchange during the Covid-19 pandemic. A panel data method is employed for the sample, which includes 29 listed real estate companies, for the period from 2010 to 2020. The financial proxies are considered as independent variables, which consist of earnings per share, book value per share, price-to-earnings (P/E) ratio, price-to-book value, debt ratio, and current ratio, while the market return is the dependent variable. The results revealed that all financial proxies have a significant impact on market returns. Furthermore, the financial proxies are positively and significantly correlated with market returns. The results also showed that the Covid-19 pandemic negatively affected the real estate sector returns. Decision makers in real estate companies are required to manage their working capital in an effective and efficient manner in order to deal with unforeseen short-term events as investors might use historical financial data to estimate companies’ returns.

show abstract

Corporate immunity, national culture and stock returns: Startups amid the COVID-19 pandemic

Cited by 37 publications

References 65 publications

How does China's stock market react to supply chain disruptions from COVID-19?

How does China's stock market react to supply chain disruptions from COVID-19?

ESG performance in the time of COVID-19 pandemic: cross-country evidence

Investigating the Influence of Financial Indicators on Stock Returns in the Presence of the COVID-19 Pandemic

Contact Info

Product

Resources

About