Has Digitalisation Mitigated the Impact of Covid-19 on the Manufacturing Sector’s Performance?

IF 1.6 Q3 BUSINESS, FINANCE

Australasian Accounting Business and Finance Journal Pub Date : 2023-01-01 DOI:10.14453/aabfj.v17i2.02

Tien-Ming Yip, Wee‐Yeap Lau, Shankaran Nambiar

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引用次数: 0

Abstract

The Covid-19 pandemic brought many businesses to a standstill as international travel restriction was imposed across countries in addition to a national lockdown. Firm performances were depressed due to reduced order and output. This study examines whether digitalization has mitigated the negative impact of the Covid-19 pandemic on Malaysia's manufacturing sector. Using sales as the performance yardstick of 24 industrial sectors from January to December 2020, our result shows that manufacturing sales performance was negatively related to the Covid-19 pandemic. However, the adverse impact of Covid-19 was mitigated with a higher level of digitalization. The mitigating role of digitalization remains robust in further analysis. This study has managed to quantify the mitigating effect of Covid-19 on manufacturing sectors. As a policy implication, the government should expedite the introduction of the 5G network, promote digital adoption across all sectors to ensure business continuity and provide an effective response mechanism in any pandemic or crisis.

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数字化是否缓解了新冠疫情对制造业业绩的影响?

除了国家封锁外，各国还实施了国际旅行限制，导致许多企业陷入停滞。由于订单减少和产量减少，企业业绩受到抑制。这项研究考察了数字化是否减轻了新冠肺炎大流行对马来西亚制造业的负面影响。我们以2020年1 - 12月24个行业的销售业绩为衡量标准，结果显示制造业销售业绩与新冠肺炎疫情呈负相关。然而，数字化水平的提高减轻了Covid-19的不利影响。在进一步的分析中，数字化的缓解作用仍然很强大。这项研究成功地量化了新冠肺炎对制造业的缓解作用。作为政策暗示，政府应加快5G网络的引入，促进所有部门的数字化采用，以确保业务连续性，并在任何流行病或危机中提供有效的应对机制。

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

Australasian Accounting Business and Finance Journal BUSINESS, FINANCE-

CiteScore

3.90

自引率

15.80%

发文量

审稿时长

24 weeks

期刊介绍： The Australasian Accounting, Business and Finance Journal is a double blind peer reviewed academic journal. The main focus of our journal is to encourage research from areas of social and environmental critique, exploration and innovation as well as from more traditional areas of accounting, finance, financial planning and banking research. There are no fees or charges associated with submitting to or publishing in this journal.