COVID-19 impact on firm investment—Evidence from Chinese publicly listed firms

Jiang, Jie; Hou, Jiaqi; Wang, Cangyu; Liu, Haiyue

doi:10.1016/j.asieco.2021.101320

Cited by 45 publications

(16 citation statements)

References 30 publications

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“…They also found that COVID-19 has a greater negative impact on the innovation of stateowned enterprises compared to non-state-owned enterprises. Similarly, Jiang et al (2021), from investigating the COVID-19 impacts on business cash flows and investment activities, found that the negative impact of COVID-19 is higher in Chinese state-owned firms with large size and located in the eastern region. Moreover, Fu and Shen (2020) studied the impact of COVID-19 on the energy industry's performance and revealed a negative impact of COVID-19 on energy companies' performance.…”

Section: The Impact Of Covid-19 On Businesses and Firmsmentioning

confidence: 99%

Survival Analysis of Thai Micro and Small Enterprises During the Covid-19 Pandemic

Leurcharusmee

Maneejuk

Yamaka

et al. 2022

Journal of Business Economics and Management

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Micro and small enterprises (MSEs) are important to the local economy and are the most crucial source of employment in Thailand. Using the three-round survey data, we assess the impact of COVID-19 on the survival probability of MSEs in the tourism and manufacturing sectors. Enterprise characteristics such as owner characteristics, employment and business strategies are examined as potential factors to mitigate or stimulate business failures. The Cox proportional hazards model and Kaplan–Meier estimator are employed. Our findings reveal that the survival probability paths from the three rounds of survey show a gradual decrease of survival probability from the first week of interview and approximately 50% of MSEs could not survive longer than 52 weeks during the COVID-19 pandemic. We also find that the survival of MSEs mainly depends on location, number of employees, and business model adjustment, namely operation with social distancing and online marketing. Particularly, retaining employees and not reducing the working hours are one of the key factors increasing the survivability of MSEs. However, the longer length of the crisis reduces the contribution of these key factors. The longer the period of the COVID-19 pandemic, the lower the chance of MSEs survivability.

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Section: The Impact Of Covid-19 On Businesses and Firmsmentioning

confidence: 99%

Survival Analysis of Thai Micro and Small Enterprises During the Covid-19 Pandemic

Leurcharusmee

Maneejuk

Yamaka

et al. 2022

Journal of Business Economics and Management

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“…So we can just briefly give some prediction to the trend of Chinese economy during the recovery period of the pandemic. The experience of post-COVID-19 economic recovery is of great significance for achieving sustainable and high-quality economic development [9]. The COVID-19 epidemic, which has impacted economic growth and people's quality of life, is currently testing China.…”

Section: Future Trend Of Chinese Economymentioning

confidence: 99%

The Impact of COVID-19 on Chinese Economy - Curb Consumer Demand, Chinese Policy and the Prediction of Future Trend

Song¹

2023

BCPBM

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In 2020, a coronavirus named COVID-19 suddenly broke out in China, which intensively disrupted the Chinese economy. Then it spread globally. The government have tried to set up lots of policies to help with the controlling of spread of the pandemic, so cities were locked down and people were confined at home. As a result, people lose tremendous opportunities to consume. Consumers, as an indispensable part in economy, their demand for goods and services in the market was seriously curbed. However, the epidemic in China is improving year by year and the economy steps into recovery stage. Several economic policies had been put into effect to stimulate the recovery and growth of China’s economy. The paper investigates the impact of COVID-19 on the demand side of China and aims to figure out the effectiveness of Chinese policies during the recovery stage. Also, the paper gives some prediction of the future trend of Chinese economy based on the literature review.

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“…1 Further, Narayan (2021) points out that majority of the existing pandemic research is based on high-frequency data on financial markets and very few studies have been explored within the framework of general equilibrium modeling. The majority of the studies have focused on developed economies such as the US ( Faria-e Castro, 2021 , Danieli and Olmstead-Rumsey, 2020 , Eichenbaum et al, 2020a , Eichenbaum et al, 2020b ) and the Euro countries ( Busato et al, 2020 , Hürtgen, 2020 ) while in case of EMEs the literature is still burgeoning like China ( Fang et al, 2021 , Jiang et al, 2021 , Liu et al, 2021 , Zhang et al, 2021 , Zhao and Chen, 2022 ), Indonesia ( Chopra and Mehta, 2022 , Lie, 2021 , Takeda et al, 2022 ), Brazil ( Chopra and Mehta, 2022 , Porsse et al, 2020 ) and Turkey ( Can et al, 2021 , Ileri, 2022 , Mugaloglu et al, 2021 ).…”

Section: Introductionmentioning

confidence: 99%