The Impact of Covid-19 on Productivity

Bloom, Nicholas; Bunn, Phillip; Mizen, Paul; Smietanka, Pawel; Thwaites, Greg

doi:10.2139/ssrn.3753742

Cited by 5 publications

(4 citation statements)

References 30 publications

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“…However, repercussions of lockdowns such as self-quarantine and social distancing, strictly reduce productivity and efficiency at work. Lockdowns and work disruptions also cause myriads of adverse health impacts (Kitagawa et al, 2021), and distract the senior management from their productivity in dealing with the pandemic (Bloom et al, 2020). Lack of labour supervision during lockdowns is seen as the main underpinning factor influencing labour productivity and efficiency (Quezon et al, 2021).…”

Section: Diminution In Productivity and Efficiency (Dp)mentioning

confidence: 99%

Understanding the Impacts of Lockdown and Work Disruption: A Dematel Based Model

Abdul Rahman Bin Aman Wong,

Lee,

Ishak

2024

J. Gov. Integr

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Almost every construction activity has been affected by the impact of COVID-19. Many construction workers were laid off during the Movement Control Order (MCO) due to lockdowns and the closure of all construction sites. In light of these circumstances, this study aims to investigate the impacts of lockdowns and work disruptions due to COVID-19, as well as explore potential strategies to overcome these impacts. Literature review efforts identified a range of potential impacts. Following a process of synthesis, six key impacts were identified for further analysis. The Decision-Making Trial and Evaluation Laboratory (DEMATEL) technique was used to examine the causal relationships between the impacts based on the pairwise rankings of 15 construction professionals in the construction industry. The findings suggest that a shortage of skilled labor (A), insufficient supplies and material delays (E), and project deceleration (D) emerged as the most critical impacts. The study proposes several strategies to mitigate these critical impacts, aiming to assist key stakeholders in both the government and construction sectors in developing effective interventions to address the consequences of lockdown and work disruption during a severe pandemic.

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Section: Diminution In Productivity and Efficiency (Dp)mentioning

confidence: 99%

Understanding the Impacts of Lockdown and Work Disruption: A Dematel Based Model

Abdul Rahman Bin Aman Wong,

Lee,

Ishak

2024

J. Gov. Integr

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“…Demand for goods and services in many sectors declined. Bloom et al. (2020) find a significant decline in the productivity of private firms in the fourth quarter of 2020 in the United Kingdom due to the measures used to contain Covid-19.…”

Section: Introductionmentioning

confidence: 96%

“…The second strand of literature has documented the effects of Covid-19 on firms. Several descriptive studies have shown that firms experienced severe distress in both developed ( Bloom, Bunn, Mizen, Smietanka, Thwaites, 2020 , Bloom, Fletcher, Yeh, 2021 , Torrès, Benzari, Fisch, Mukerjee, Swalhi, Thurik, 2022 ) and developing countries ( Shen, Fu, Pan, Yu, Chen, 2020 , Nair, 2021 , Nordhagen, Igbeka, Rowlands, Shine, Heneghan, Tench, 2021 ). Besides examining firms’ outcomes in the post-lockdown period, we also explore the impact in a recovery phase two quarters after the lockdown ended and find that firms recovered in this later phase.…”

Section: Introductionmentioning

confidence: 99%

The impact of Covid-19 containment lockdowns on MSMEs in India and resilience of exporting firms

Chen

Debnath

Sekhri

et al. 2023

Journal of Economic Behavior & Organization

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“…Having said the above, it is reasonable to anticipate that the severity of the damage across industries has been driven by their vulnerability and capacity to cope with the new business environment. Given these asymmetries, reconsidering their business models and strategies has emerged as a priority for many players aiming to meet customer needs and secure their existence in light of the global market reshape caused by COVID-19 (Barrero et al 2020;Bloom et al 2020;Deloitte 2020;Denger 2020). Accordingly, the impact of the recent pandemic on particular sectors still remains a black box, despite a variety of expectations.…”

Section: Introductionmentioning

confidence: 99%

Managing Financial Performance toward Achievements in Sustainability Prospects: Comparative Analysis of the e-Commerce and Hospitality Industries

Velickovic,

Stanojevic,

Veselinovic

2023

JRFM

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The recent pandemic has been identified as a driver of one of the most severe socio-economic crises over the last few decades. While some sectors have experienced an expansion, others have struggled with a changed business environment. The aim of this research is to simultaneously examine the financial performance and sustainability of the e-commerce and hospitality industries, applying asset and debt ratio analysis to the top five companies in the world from each sector in the time period from 2017 to 2022. The results indicate that the assessed companies demonstrated the ability to successfully manage some of their assets. The debt ratio analysis implies that the assessed companies in the hotel industry have reshaped their capital structure, increasing their reliance on debt in 2020 and 2021 to finance their assets. On the contrary, the selected e-commerce companies were found on average to rely less on debt to finance assets. In accordance with expectations, the differences across the examined sectors and companies that have been observed are mostly in regard to the lower scale of utilization of fixed assets to generate turnover, and in terms of the increased share of debts used to finance assets in the hotel industry, which was among the first and hardest hit by the pandemic. Consequently, the study allows policy makers to identify distinctive strategies for each area of economic activity.

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The Impact of Covid-19 on Productivity

Cited by 5 publications

References 30 publications

Understanding the Impacts of Lockdown and Work Disruption: A Dematel Based Model

Understanding the Impacts of Lockdown and Work Disruption: A Dematel Based Model

The impact of Covid-19 containment lockdowns on MSMEs in India and resilience of exporting firms

Managing Financial Performance toward Achievements in Sustainability Prospects: Comparative Analysis of the e-Commerce and Hospitality Industries

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