School of Economics, Tianjin University of Commerce, Tianjin, China.
Front Public Health. 2021 Sep 17;9:710743. doi: 10.3389/fpubh.2021.710743. eCollection 2021.
This research described Chinese listed firms' COVID-19 Outbreak and financial performance using corporate culture (CC) and corporate social responsibility (CSR) evidence. The epidemic's impact on Chinese companies' profits was much less than the impact on their sales growth rates. Although the COVID-19 has had a more significant negative impact on the financial performance of Chinese listed companies in sectors that are more severely impacted, such as travel and entertainment, we believe that the financial performance of the medical industry has improved as a result of the outbreak. Meanwhile, Chinese listed companies in high-risk areas experience more significant financial losses during the epidemic, and the Hubei impact is hefty weight. Corporate social responsibility moderated the inverse relationship between this epidemic and Chinese firms' economic success. This research enhances the current literature on the effects of the COVID-19 on financial success and practical, realistic, and theoretical consequences in companies worldwide.
本研究利用企业文化（CC）和企业社会责任（CSR）的证据，描述了中国上市公司在新冠疫情爆发期间的财务表现。与销售增长率相比，疫情对中国公司利润的影响要小得多。尽管新冠疫情对旅游和娱乐等受影响更严重的行业的中国上市公司的财务业绩产生了更显著的负面影响，但我们认为，由于疫情的爆发，医疗行业的财务业绩有所改善。与此同时，疫情期间高风险地区的中国上市公司遭受了更大的财务损失，而湖北地区的影响尤为显著。企业社会责任缓和了疫情与中国企业经济成功之间的负相关关系。本研究增强了当前关于新冠疫情对财务成功影响的文献，并为全球公司提供了实际、现实和理论方面的意义。
