How does COVID-19 affect firms’ short-term financial pressure? Evidence from China

Huili Zhang and Zhonghui Hu

Applied Economics Letters, 2022, vol. 29, issue 9, 794-800

Abstract: In this paper, we investigate how the COVID-19 pandemic affected the short-term financial pressure of listed companies in China. Using a difference-in-difference methodology, we find that firms hit by pandemic shocks suffered significant declines in liquidity levels and increased bankruptcy risk. Non-state-owned enterprises and firms without prior banking relationships suffered more significant liquidity pressure during this crisis than state-owned enterprises and firms with a prior banking relationship.

Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/13504851.2021.1886234 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:29:y:2022:i:9:p:794-800

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/13504851.2021.1886234

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().