Doruk Ömer Tuğsal, Konuk Serhat, Atici Rümeysa
GLO Fellow, GLO, Essen.
Faculty of Business, Adana Alparslan Türkeş Science and Technology University, Adana, Turkey.
Financ Res Lett. 2021 Nov;43:102021. doi: 10.1016/j.frl.2021.102021. Epub 2021 Mar 17.
In the present study, we examine the effect of government fiscal policy on firm risk in the post-COVID-19 period for an emerging market: Turkey. By doing so, we utilize a propensity score matching method to examine the effect of the short-term working allowance, which is a unique short-term COVID-19 mitigation policy for the Turkish economy, on firm risk. The obtained findings show that the effect of short-term working allowances on firm risk is efficient at mitigating the effect of COVID-19. Our results are also robust as to different robustness checks.
在本研究中，我们考察了新兴市场土耳其在新冠疫情后时期政府财政政策对企业风险的影响。为此，我们采用倾向得分匹配法，研究土耳其经济特有的新冠疫情短期缓解政策——短期工作补贴对企业风险的影响。所得结果表明，短期工作补贴对企业风险的影响在减轻新冠疫情的影响方面是有效的。我们的结果在不同的稳健性检验中也很稳健。
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