The offsetting role of diversification for negative impact of COVID-19 on firm performance: Evidence from China
Harbin Institute of Technology, China
ABSTRACT: This paper selects Chinese listed companies as samples to examine how diversification moderates the impact of COVID-19 on firm performance according to firm size, firm nature, and slack resource. The present study finds diversification offsets the negative relationship between COVID-19 and firm performance and abundant slack resources can help firms offset the negative effects of COVID-19 through diversification. The diversification of non-state-owned firms offsets more obviously the negative relationship between COVID-19 and ...
Get Economic and Business Management now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
