Civil unrest and firm performance: evidence from Chile

IF 0.9 Q3 ECONOMICS

Economics and Business Letters Pub Date : 2022-07-13 DOI:10.17811/ebl.11.3.2022.118-124

Christian Espinosa-Méndez

引用次数: 1

Abstract

This investigation is the first to analyze how civil unrest impacts the performance of companies. Using a panel composed of 99 non-financial firms listed on the Santiago de Chile Stock Exchange during the period between the first quarter of 2017 and 2020 we find that civil unrest negatively impacts firm performance. This effect is asymmetric among the different industrial sectors with the Trade and Industrial sectors being the most adversely affected. On the other hand, the Agriculture-fishing and Utilities sectors show a better performance.

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内乱与企业绩效:来自智利的证据

这项调查首次分析了内乱对公司业绩的影响。通过对2017年第一季度至2020年期间在智利圣地亚哥证券交易所上市的99家非金融公司的调查，我们发现内乱对公司业绩产生了负面影响。这种影响在不同的工业部门之间是不对称的，贸易和工业部门受到的不利影响最大。另一方面，农渔业和公用事业部门表现较好。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Economics and Business Letters ECONOMICS-

CiteScore

1.80

自引率

11.10%

发文量

期刊介绍： Economics and Business Letters is an open access journal that publishes both theoretical and empirical quality original papers in all economics and business fields. In addition, relevant discussions on current policy issues will be considered for the Policy Watch section. As general strategy of EBL, the journal will launch calls for papers for special issues on topics of interest, generally with invited guest editors. The maximum length of the letters is limited to 2,500 words.