The Department of Banking and Financial Sciences, Faculty of Economics and Administrative Sciences, The Hashemite University, Zarqa, Jordan.
School of Banking, University of Economics Ho Chi Minh City (UEH), Chi Minh City, Vietnam.
PLoS One. 2023 Feb 6;18(2):e0281148. doi: 10.1371/journal.pone.0281148. eCollection 2023.
This study investigated the impact of the COVID-19 crisis on firm risk and performance in different country-level governance qualities in the MENA region. Analyzing a sample of 739 non-financial listed firms in 12 MENA countries for the period 2011-2020, we found that the COVID-19 crisis negatively impacted the performance of firms, especially low-performance firms, in most industries, and increased firm risk in general. Moreover, we found that national governance quality plays an important role in mitigating the negative impact of the COVID-19 crisis on firm operations. Specifically, national governance quality reduces the negative impact of the COVID-19 crisis on firm performance and the positive impact of the crisis on firm risk. The results are consistent with our contention that national governance quality contributes to creating a positive environment for businesses activities and reducing economic shocks.
这项研究调查了 COVID-19 危机对不同国家层面治理质量的 MENA 地区企业风险和绩效的影响。本研究分析了 2011-2020 年期间来自 12 个 MENA 国家的 739 家非金融上市公司的样本，结果发现 COVID-19 危机对大多数行业中企业的绩效产生了负面影响，尤其是低绩效企业，同时普遍增加了企业风险。此外，我们发现国家治理质量在减轻 COVID-19 危机对企业运营的负面影响方面发挥了重要作用。具体来说，国家治理质量降低了 COVID-19 危机对企业绩效的负面影响，以及对企业风险的积极影响。结果与我们的论点一致，即国家治理质量有助于为企业活动创造积极的环境并减少经济冲击。
