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Economic and Business Management
book

Economic and Business Management

by Xiaoxia Huang, Feng Zhang
March 2022
Intermediate to advanced content levelIntermediate to advanced
294 pages
16h 47m
English
CRC Press
Content preview from Economic and Business Management

The offsetting role of diversification for negative impact of COVID-19 on firm performance: Evidence from China

Feiyang Guan & Tienan Wang

Harbin Institute of Technology, China

DOI: 10.1201/9781003203704-42

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 ...

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Publisher Resources

ISBN: 9781000581621