학술논문
The Impact of the Global Pandemic on Firm Performance: Focus on Leisure Facilities and Casino Gaming Industries
이용수 12
- 영문명
- 발행기관
- 한국무역학회
- 저자명
- Joseph Kwaku Ahialey Ho-Jung Kang
- 간행물 정보
- 『Journal of Korea Trade (JKT)』Vol.28 No.7, 107~134쪽, 전체 28쪽
- 주제분류
- 경제경영 > 무역학
- 파일형태
- 발행일자
- 2024.11.30
국문 초록
Purpose - This study investigates how COVID-19 affected firm operational, financial, and market performance in the leisure facility and casino gaming industries listed across 31 countries and sub-regions, including South Korea.
Design/Methodology - This study merged financial, market, and COVID-19-related data to analyze the impact of COVID-19 on firms in the leisure facility and casino gaming industries. The empirical analysis is based on the OLS and panel regression models, applying fixed and random effect models.
Findings - First, the COVID-19 pandemic significantly negatively impacted the operations and financial performance of the entire selected industries. The COVID-19 pandemic significantly negatively impacted leisure facilities and casino gaming firm operations and financial performance when the industries were decomposed and analyzed. Third, further analysis revealed that the stringency measures imposed by governments during the global pandemic significantly affected the operations and financial performance of the firms in this study. Finally, when the industries are disintegrated, the impact of stringency on market performance varies across the selected industries.
Originality/value - This study finds evidence supporting the damage of the COVID-19 pandemic to firms in the leisure facility, casino, and gaming industry’s operational and financial performance. Based on further analysis using the stringency index as a proxy for government response to COVID-19, the operations and financial performance of firms that thrive on social interaction were adversely affected by government intervention. This study is significant because understanding the impact of government intervention against a global pandemic on firm operational, financial, and market performance can offer basic information to develop more effective government intervention measures against future pandemics. Finally, it provides useful information for investors and policymakers during a global pandemic, such as COVID-19.
영문 초록
목차
1. Introduction
2. Literature Review
3. Methodology and Data
4. Results
5. Conclusions
References
해당간행물 수록 논문
참고문헌
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- Research in International Business and Finance
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- Emerging Markets Finance and Trade
- Annals of Tourism Research Empirical Insights
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- Journal of Korea Trade
- Research in International Business and Finance
- Journal of Financial Stability
- Applied Economics
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- Econ Anal Policy
- The Asian Journal of Shipping and Logistics
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- Journal of Hospitality and Tourism Management
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- Sustainability
- Tourism Economics
- Current Issues in Tourism
- Tourism Economics
- International Journal of Environmental Research and Public Health
- Front Public Health
- Financ Res Lett
- Finance Research Letters
- Journal of Chinese Economic and Foreign Trade Studies
- Emerging Markets Finance and Trade
- Finance Research Letters
- SN Bus Econ
- Financ Innov
- Journal of Korea Trade
- Finance Research Letters
- Journal of International Financial Markets, Institutions and Money
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