Given this context, it is timely to investigate how this pandemic may impair the financial soundness of the corporate sector and what could be the impact of possible responses on the solvency position. In this paper, we attempt to assess the impact of Covid-19 on the solvency of 12,387 ...
This Survey looks at the balance sheets of corporations and the banking sector in the midst of the pandemic. We find that the worsening of corporate balance sheets may require government intervention to prevent liquidity problems from turning into solvency problems. While the banks' capital position...
Advances in Economics, Business and Management Research, volume 196 Proceedings of the International Conference on Emerging Challenges: Business Transformation and Circular Economy (ICECH 2021) Evidence of the Covid-19 Pandemic Impact on Firm Performance and Financial Statement Fraudulence of Firms ...
the pandemic has a considerable negative impact on firm earnings and the percentage of illiquid and non-profitable businesses. Although they are statistically significant, government wage subsidies have a modest impact on corporate losses compared to the magnitude of the economic shock. Larger ...
Third, this paper expands the research on the relief mechanisms for the adverse impact of the COVID-19 epidemic. Previous studies have found that fiscal policies (Al-Hadi and Al-Abri, 2022), regional digital financial levels (Xia et al., 2022), and corporate social responsibility activities ...
The impact of climate risk on the insurance industry has attracted the attention of the industry and regulators. Based on data of the insurance industry in 31 provinces in China from 2005 to 2021, we use the fixed effects model to investigate the impact of climate risk on the asset side and...
The full terms of this licence may be seen at http://creativecommons.org/licences/by/4.0/legalcode 1. Introduction In the post-pandemic era, the book publishing industry in Europe, the United States of America and the rest of the world is in trouble (Supot et al., 2021; Zhiqiang and ...
There could be solvency risk within the Indian financial system, as almost 25 percent of MSME and small- and medium-size-enterprise (SME) loans could slip into default, compared with 6 percent in the corporate sector (although the rate could be much higher in aviation, textiles, power, and...
Since corporate governance codes and practices are the result of a long and complex process, they remained substantially unchanged throughout 2020 (the outbreak of COVID-19). However, the implications of the pandemic have enabled companies to make drastic adjustments, which include the control of ...
As a result of the coronavirus pandemic's impact on demand and a bleaker oudook for the industry, Anglo-Dutch oil major Royal Dutch Shell reported that the value of its oil gas assets has fallen by 44% to $4.5B. According to the company,... Worldwide Refining Business Digest: The Fas...