The COVID-19 pandemic and firm value: the mediating effect of FinTech applications

Yang, Ya-Chih; Liu, Wu-Po; Shih, Kung-Hong

doi:10.1007/s11156-022-01112-5

Cited by 7 publications

(3 citation statements)

References 17 publications

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“…As a result, strict quarantine policies were implemented in many countries, severely limiting economic activities (Goodell, 2020;Zhang et al, 2020)). Previous researchers have shown that Covid-19 resulted in a decrease in the Gross Domestic Product (GDP) of countries, with economic losses ranging from $30 billion to $100 billion, impacting changes in market demand and supply as well as negative returns on capital (Yang et al, 2023). Intensive news coverage of the pandemic can lead to global panic, and such catastrophic events can trigger negative market responses (Ichev & Marinč, 2018).…”

Section: Hypotheses Developmentmentioning

confidence: 99%

“…The ongoing epidemic has imposed limitations on economic operations, leading to shortened manufacturing cycles, diminished consumer demand, business closures, and heightened levels of unemployment. According to recent studies conducted byBose et al, (2022),Yang et al, (2023), andPoretti &Heo, (2022), it has been observed that countries facing more severe challenges arising from the pandemic tend to exert a stronger negative influence on capital markets.…”

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confidence: 99%

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The Role of Company Size and Board of Commissioners on Company Value in Disrupted Economics

Pangaribuan,

Yoewono,

Winarno

2023

WIGA

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The Covid-19 condition that has passed has provided many important lessons and has disrupted the performance and productivity of almost all industries, including manufacturing companies. Such condition has become a challenging task for companies to find solutions to maximize company value to survive, let alone increase in these conditions. Bad like that. This research aims to confirm whether company size, board of commissioners, and Covid-19 conditions significantly affect company value. By taking data from manufacturing companies during the past two years of research during the Covid-19 period, this study uses a descriptive quantitative approach with multiple linear regression analysis techniques and modeling Covid-19 as a moderator. This study uses a purposive sampling method to select manufacturing companies on the Indonesia Stock Exchange. The research data spans two years upon 159 companies, resulting in 318 data points. The research results show that the variables of company size and board of commissioners do not significantly affect company value, but Covid-19 can significantly influence company value. Covid-19 then moderated the company size and board of commissioners variables, and it was discovered that the company size and board of commissioners variables had a significant influence on company value; this demonstrates that Covid-19 has had a devastating effect on company value.

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Section: Hypotheses Developmentmentioning

confidence: 99%

mentioning

confidence: 99%

The Role of Company Size and Board of Commissioners on Company Value in Disrupted Economics

Pangaribuan,

Yoewono,

Winarno

2023

WIGA

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“…Yang et al. ( 2023 ) find that the COVID-19 pandemic generates a significant negative impact on firm value.…”

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confidence: 99%

Robust risk choice under high-water mark contract

Yan

Yang

2023

Rev Quant Finan Acc

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By assuming that a risk-neutral hedge fund manager has ambiguous beliefs about the return process of risky asset, we study his robust risk choice under the high-water mark. The results show that without management fees, ambiguity aversion induces the manager to take more risk as the fund is close to the termination but take less risk as the fund approaches the high-water mark. With management fees, ambiguity aversion increases the induced risk aversion and moderates the manager’s incentive to take risk, predicting that it is the manager with higher rates of management fees that reduces the risky asset holdings more when he becomes less confident and/or more pessimistic about the future returns. The model implies that managers’ ambiguity aversion is a possible factor explaining hedge fund activities in stock markets during the financial crisis of 2007–2009 and in US Treasury markets during COVID-19 crisis. Finally, taxation is taken into account.

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Equity financing during the Covid-19 economic downturn

Panetsidou,

Synapis

2024

Rev Quant Finan Acc

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The COVID-19 pandemic and firm value: the mediating effect of FinTech applications

Cited by 7 publications

References 17 publications

The Role of Company Size and Board of Commissioners on Company Value in Disrupted Economics

The Role of Company Size and Board of Commissioners on Company Value in Disrupted Economics

Robust risk choice under high-water mark contract

Equity financing during the Covid-19 economic downturn

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