Tang Chia-Hsien, Chin Chih-Yu, Lee Yen-Hsien
College of Accounting and Auditing, Guangxi University of Finance and Economics, 100 Mingxiu West Road, Nanning, Guangxi, 530003, PR China.
Department of Information Management, Chung Yuan Christian University, Taiwan.
Res Int Bus Finance. 2021 Apr;56:101355. doi: 10.1016/j.ribaf.2020.101355. Epub 2020 Nov 21.
This study applies an empirical analysis to examine whether supply chain disruption is caused by the outbreak of the coronavirus disease (COVID-19) that was first reported in Wuhan, China, on December 31, 2019. The study's findings indicate a link between the COVID-19 outbreak and the disruption of logistics and supply chains along with negative cumulative abnormal returns within Taiwanese firms manufacturing products in China and marketing them globally. This is the first study to examine the outbreak of the COVID-19 and the disruption of the supply chain and its effect on the stock market. The empirical results provide insights for business management in reconsidering their global supply chain strategies for the risk of disruption caused by similar epidemics occurs in the future.
本研究采用实证分析方法，以检验供应链中断是否由2019年12月31日首次在中国武汉报告的冠状病毒病（COVID-19）疫情引发。该研究结果表明，COVID-19疫情与物流和供应链中断之间存在关联，同时在中国生产产品并全球销售的台湾企业出现了负累计异常回报。这是第一项研究COVID-19疫情、供应链中断及其对股票市场影响的研究。实证结果为企业管理在重新考虑其全球供应链战略以应对未来可能发生的类似疫情导致的中断风险方面提供了见解。
