Geographic dispersion and corporate resilience during the COVID-19 pandemic

Fei Jiang, Dongmin Kong, Zhengfei Lu, Yongqiang Ma and Yang Yi

International Review of Financial Analysis, 2023, vol. 88, issue C

Abstract: This study demonstrates the positive role of geographic dispersion in corporate resilience to the COVID-19 pandemic in the context of China. This association is more pronounced when firms are highly dependent on the domestic market, less likely to obtain enough financing, highly apply digital technology, and have low customer concentration. This association is attributable to the following three channels: a diversified portfolio, the maintenance of business relationships, and access to non-local resources. Overall, our findings provide a more nuanced picture of the potential impacts of corporate diversification on corporate resilience.

Keywords: Geographic dispersion; Corporate resilience; COVID-19 pandemic; Firm value (search for similar items in EconPapers)
JEL-codes: G12 G34 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finana:v:88:y:2023:i:c:s1057521923002004

DOI: 10.1016/j.irfa.2023.102684

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