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Financial Performance During the COVID-19 Crisis: The Role of Investment and Revenue

Hasna Chaibi (), Fatma Hentati () and Ines Ghzaouani
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Hasna Chaibi: University of Tunis El Manar
Fatma Hentati: University of Tunis El Manar
Ines Ghzaouani: University de Tunis

Chapter Chapter 9 in Crises and Uncertainty in the Economy, 2022, pp 159-170 from Springer

Abstract: Abstract A fatal virus known as COVID-19 has had a devastating impact on the worldwide economy, including the Tunisian economy. For that reason, this study aims to assess the financial performance of Tunisian listed companies during this outbreak. Using the financial data during the first semester of 2020, we found that the pandemic negatively affected their performances. This impact is amplified when investment and revenue are decreased. Furthermore, we have divided our sample companies into two groups: high-affected industries and low-affected industries. Therefore, we found that those in the high-impact category perform the worst.

Keywords: Performance; Pandemic; Financial crisis; Investment; Revenue; Industry (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/978-981-19-3296-0_9

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