Pandemic Resilience in Czech's Big Four Firms

Eliska Covar

MPRA Paper from University Library of Munich, Germany

Abstract: This study undertakes a meticulous examination of Czech's Big Four accounting firms, spanning the critical years from 2018 to 2021. This period was marked by the unprecedented challenges imposed by the COVID-19 pandemic. A rigorous analytical approach was employed, encompassing a comprehensive evaluation of essential financial ratios, with a specific focus on profitability ratios, and performance indicators. The research methodology included the utilization of specialized financial tools and data analysis techniques. Deloitte and PwC emerged as exemplars, consistently exhibiting substantial enhancements in their financial performance throughout the study period. In contrast, Ernst & Young (EY) encountered significant challenges, while KPMG's financial trajectory displayed noteworthy fluctuations. These findings underscore the paramount significance of adaptability, resilience, and strategic foresight in effectively navigating volatile economic landscapes. It is important to acknowledge certain limitations within this study. Notably, the analysis solely relied on profitability ratios of the companies under examination. This research offers indispensable insights for the accounting industry. It provides a roadmap for firms to not only endure but thrive in the face of adversity and evolving market dynamics.

Keywords: Accounting; Resilience; Big Four; Czech; COVID-19; Pandemic (search for similar items in EconPapers)
JEL-codes: M40 M41 (search for similar items in EconPapers)
Date: 2024-11-16
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:124349

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