Financial Index Analysis of Selected Listed Companies in Anhui Province China
Keywords:COVID-19, pandemmic, financial index analysis
The epidemic in 2020 has affected the average production and operation activities of enterprises, and some enterprises with poor ability to resist risks face the risk of bankruptcy. The differences between private and non-private enterprises in China have resulted in different responses when dealing with external shocks. They ultimately have different degrees of impact on the performance of enterprises. Therefore, this study explores whether there are differences in the performance of private and non-private enterprises in the face of the epidemic's impact. If there is a difference, what factors caused the difference?
This study uses Stata16 software to perform regression analysis on the financial report data of listed companies in Anhui Province, China, from 2016 to 2020. It establishes a DID model to analyze whether the impact of the new crown epidemic on private enterprises and non-private enterprises is different. The analysis and regression results show a significant difference in the impact of the new crown epidemic on the performance of private and non-private enterprises; innovation ability is the mediating transmission variable for the difference in corporate performance between private and non-private enterprises during the epidemic. The transmission mechanism of performance differences will further explore the essential differences between private and non-private enterprises. This research will help enrich the research on the impact of the epidemic as a natural external shock on corporate performance, provide a basis for companies to respond to external shocks, and provide a reference for the long-term and stable development of Chinese companies.
According to the research findings, the following conclusions are drawn: the difference in the performance of private enterprises and non-private enterprises due to the impact of the epidemic is reflected in the performance of private enterprises during the epidemic is better than that of non-private enterprises, which is reflected in return on assets and return on total assets of private enterprises. Generally higher than non-private enterprises; compared with non-private enterprises, private enterprises have more timely and rapid policy adjustment of innovation ability due to the consideration of preventing risks and seizing opportunities; the innovation ability of enterprises has played an essential role in the f2ace of the impact of the epidemic. The role of "buffer" enables enterprises to operate and develop stably. This study suggests that enterprises should appropriately introduce private equity investors to give full play to the advantages of private governance; enterprises should appropriately increase innovation capabilities and improve the management level and utilization efficiency of enterprise innovation input and output.
Copyright (c) 2023 Ascendens Asia Journal of Multidisciplinary Research Conference Proceedings
This work is licensed under a Creative Commons Attribution 4.0 International License.
Copyright & Disclaimer
Copyright for the texts which include all issues of Ascendens Asia Journal of Multidisciplinary Research Conference Proceedings are held by the AAMJRCP, except if otherwise noted. The compilation as a whole is Copyright© by AAMJRCP, all rights reserved. Items published by AAMJRCP may be generously shared among individuals; however, they may NOT be republished in any medium without express written consent from the author(s) and advance notification of the AAMJRCP Editorial Board. For permission to reprint articles published in the AAMJRCP, please contact the Editorial Board at email@example.com.
Facts and opinions published in Ascendens Asia Journal of Multidisciplinary Research Conference Proceedings (AAMJRCP) express solely the opinions of the respective authors. Authors are responsible for their citing of sources and the accuracy of their references and bibliographies. The editors cannot be held responsible for any lack or possible violations of third parties’ rights. Interested parties may also directly contact authors to request for full copies of the journal proceedings.