Short-term working allowance and firm risk in the post-COVID-19 period: Novel matching evidence from an emerging market

Ömer Doruk, Serhat Konuk and Rümeysa Atici

Finance Research Letters, 2021, vol. 43, issue C

Abstract: In the present study, we examine the effect of government fiscal policy on firm risk in the post-COVID-19 period for an emerging market: Turkey. By doing so, we utilize a propensity score matching method to examine the effect of the short-term working allowance, which is a unique short-term COVID-19 mitigation policy for the Turkish economy, on firm risk. The obtained findings show that the effect of short-term working allowances on firm risk is efficient at mitigating the effect of COVID-19. Our results are also robust as to different robustness checks.

Keywords: Short-term working allowance; Turkish economy; Firm risk; COVID-19 period; Propensity score matching (search for similar items in EconPapers)
JEL-codes: G01 G32 H32 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:43:y:2021:i:c:s1544612321001021

DOI: 10.1016/j.frl.2021.102021

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