Analyzing the impact of COVID-19 on the performance of listed firms in Saudi market

Mohammed S. Makni

Technological Forecasting and Social Change, 2023, vol. 187, issue C

Abstract: The COVID-19 outbreak has hit enterprises all around the world, affecting virtually every business area and industry. Consequently, the purpose of this paper is to investigate how COVID-19 has affected the performance of listed companies in the Saudi market. The study uses financial data from 2009 to 2019 to examine the performance of the listed Saudi firms. The study gathers data from the years 2009 to 2019 to investigate the performance of the firms before the pandemic. The result of the study indicates that the COVID-19 pandemic had a detrimental effect on the enterprises' performance. The analysis indicates that the COVID-19 pandemic significantly harmed the enterprises' performance by reducing both their total investment and their overall income, respectively. The findings of the study remain unique and new with respect to the outbreak and performance of the firm.

Keywords: COVID-19; Finance; Investment; Performance of the firms; Pandemic; Saudi Arabia (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:187:y:2023:i:c:s0040162522006928

DOI: 10.1016/j.techfore.2022.122171

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