Direct and Indirect Implications of the COVID-19 Pandemic on Amazon’s Financial Situation

Zixuan Qin, Abeer Hassan and Mahalaxmi Adhikariparajuli ()
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Zixuan Qin: Adam Smith Business School, University of Glasgow, Glasgow G12 8QQ, UK
Abeer Hassan: School of Business and Creative Industries, University of the West of Scotland, Paisley PA1 2BE, UK
Mahalaxmi Adhikariparajuli: School of Business, Law and Social Sciences, Abertay University, Dundee DD1 1HG, UK

JRFM, 2022, vol. 15, issue 9, 1-25

Abstract: We provide theoretical and empirical insights into the impact of COVID-19 on Amazon’s financial position. A longitudinal case study of Amazon’s financial situation during the 2016–2020 period, and time-series analysis, ratio analysis, and DuPont analysis, are employed as a quantitative methodology to explore Amazon’s financial situation changes before and after the COVID-19 pandemic. As for the robustness of the in-depth analysis, we compare Amazon’s financial performance and position with Walmart. The result shows that the COVID-19 pandemic did not have a huge negative impact on the companies’ financial performance because of its promotion of their development. However, this study provides an in-depth analysis of the influence of COVID-19 on Amazon’s financial situation, which financial aspects are most affected by COVID-19, which are not, and the company’s response to COVID-19. Therefore, this study sheds light on the accounting literature to demonstrate the impact of COVID-19 on Internet companies’ financial performance and provides some reference values for subsequent academic research.

Keywords: COVID-19; Amazon; financial statement analysis; DuPont analysis (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2022
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