Firm Liquidity During the COVID-19 Crisis

Valdone Darskuviene, Bernadeta Goštautaitė, Egidijus Kundelis, Dalius Misiūnas and Siuzana Ščerbina-Dalibagienė

Chapter 18 in Financial Transformations Beyond the COVID-19 Health Crisis, 2022, pp 535-554 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The chapter examines how companies addressed the liquidity crisis which arose during the COVID-19 pandemic. It is based on CEO interviews and case studies of four companies with diverse corporate governance characteristics. This qualitative research of success and failure stories was designed to explain how the liquidity crisis evolved, what liquidity management tools and policies were used, and what links emerge between corporate governance, decision-making, and the impact on company performance. The study fills a gap in the research on company governance and financial performance under market uncertainty, with a focus on the effects of an unexpected large-scale crisis. While the research was performed in Lithuania, it offers insights for understanding the business landscape and disruptions in general in the wake of a large-scale unexpected crisis.

Keywords: COVID19; Pandemic; Pandemic Outbreak; Health Crisis; Economics; Macroeconomics; Finance; Sustainable Finance; Financial Crisis; Financial Integration; Economic Integration; Global Financial Crisis; Financial Institutions; Corporate Finance; Corporate Governance; Board of Directors; ESG; Corporate Social Responsibility; Sustainable Finance; Stock Markets; Financial Markets; Stock Market Behaviour; Firm Liquidity; Emerging Markets; China; Financial Institutions; Money; Banks; Banking System; Banking Sector; Business Groups; Resilience; Safe Heaven; Gold; Oil; Peer-to-Peer Lending Market; Foreign Trading; Stock Market Volatility; Extreme Events (search for similar items in EconPapers)
JEL-codes: F4 F62 G15 G17 G3 O16 (search for similar items in EconPapers)
Date: 2022
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