Did government support delay bankruptcy during the pandemic?

IF 1 Q3 ECONOMICS

ECONOMIC AFFAIRS Pub Date : 2024-03-07 DOI:10.1111/ecaf.12610

Hazwan Haini, Pang Wei Loon, Lawal Olamilekan Abdulwahab, Wafid Sophian

引用次数: 0

Abstract

The literature reports mixed findings on the role of government intervention, even during times of crisis. The recent Covid-19 pandemic damaged the financial health of many small firms. This study examines whether government subsidies are associated with bankruptcy rates for firms with deteriorating financial health. Using a sample of 18,422 firms from 44 countries, we estimate a logistic model that accounts for rare events. Results indicate that those firms which receive government support are more likely to be associated with insolvency, even in the absence of liquidity issues and overdue financial obligations. Policy implications are discussed.

查看原文本刊更多论文

政府的支持是否推迟了大流行病期间的破产？

关于政府干预的作用，即使是在危机时期，文献报道的结果也是好坏参半。最近的 Covid-19 大流行损害了许多小公司的财务健康。本研究探讨了政府补贴是否与财务状况恶化企业的破产率相关。我们以 44 个国家的 18,422 家公司为样本，估计了一个考虑到罕见事件的逻辑模型。结果表明，即使没有流动性问题和逾期财务债务，那些获得政府支持的公司也更有可能破产。本文讨论了政策影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

ECONOMIC AFFAIRS ECONOMICS-

CiteScore

1.40

自引率

14.30%

发文量

期刊介绍： Economic Affairs is a journal for those interested in the application of economic principles to practical affairs. It aims to stimulate debate on economic and social problems by asking its authors, while analysing complex issues, to make their analysis and conclusions accessible to a wide audience. Each issue has a theme on which the main articles focus, providing a succinct and up-to-date review of a particular field of applied economics. Themes in 2008 included: New Perspectives on the Economics and Politics of Ageing, Housing for the Poor: the Role of Government, The Economic Analysis of Institutions, and Healthcare: State Failure. Academics are also invited to submit additional articles on subjects related to the coverage of the journal. There is section of double blind refereed articles and a section for shorter pieces that are reviewed by our Editorial Board (Economic Viewpoints). Please contact the editor for full submission details for both sections.