Impacto del COVID-19 sobre el desempeño financiero empresarial. Una mirada a las grandes empresas privadas del Ecuador

Fanny Cabrera Barbecho; Katherine Coronel-Pangol; Gustavo Flores Sánchez

doi:10.18046/j.estger.2023.169.6044

Impacto del COVID-19 sobre el desempeño financiero empresarial. Una mirada a las grandes empresas privadas del Ecuador

Translated title of the contribution: Impact of COVID-19 on corporate financial performance: An overview of large private companies in Ecuador

Research output: Contribution to journal › Article › peer-review

1 Scopus citations

Abstract

The COVID-19 pandemic has had a significant impact on the world economy, affecting the financial performance of companies, Ecuador has been no exception. This study aims to analyze the impact of COVID-19 on the financial performance (profitability, earnings and sales) of large Ecuadorian private companies using data from the balance sheets and income statements of the hundred largest companies in Ecuador in the period 2015-2020, by applying the quasi-experimental differences-in-differences methodology. The results reveal that the pandemic has had a negative impact on companies' profitability and sales, however, in some cases, net income has an inverse behavior. These findings have important implications for business management strategies and the future of the Ecuadorian market.

Translated title of the contribution	Impact of COVID-19 on corporate financial performance: An overview of large private companies in Ecuador
Original language	Spanish
Pages (from-to)	476-488
Number of pages	13
Journal	Estudios Gerenciales
Volume	39
Issue number	169
DOIs	https://doi.org/10.18046/j.estger.2023.169.6044
State	Published - Oct 2023

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10.18046/j.estger.2023.169.6044

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title = "Impacto del COVID-19 sobre el desempe{\~n}o financiero empresarial. Una mirada a las grandes empresas privadas del Ecuador",

abstract = "The COVID-19 pandemic has had a significant impact on the world economy, affecting the financial performance of companies, Ecuador has been no exception. This study aims to analyze the impact of COVID-19 on the financial performance (profitability, earnings and sales) of large Ecuadorian private companies using data from the balance sheets and income statements of the hundred largest companies in Ecuador in the period 2015-2020, by applying the quasi-experimental differences-in-differences methodology. The results reveal that the pandemic has had a negative impact on companies' profitability and sales, however, in some cases, net income has an inverse behavior. These findings have important implications for business management strategies and the future of the Ecuadorian market.",

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AU - Flores Sánchez, Gustavo

PY - 2023/10

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N2 - The COVID-19 pandemic has had a significant impact on the world economy, affecting the financial performance of companies, Ecuador has been no exception. This study aims to analyze the impact of COVID-19 on the financial performance (profitability, earnings and sales) of large Ecuadorian private companies using data from the balance sheets and income statements of the hundred largest companies in Ecuador in the period 2015-2020, by applying the quasi-experimental differences-in-differences methodology. The results reveal that the pandemic has had a negative impact on companies' profitability and sales, however, in some cases, net income has an inverse behavior. These findings have important implications for business management strategies and the future of the Ecuadorian market.

AB - The COVID-19 pandemic has had a significant impact on the world economy, affecting the financial performance of companies, Ecuador has been no exception. This study aims to analyze the impact of COVID-19 on the financial performance (profitability, earnings and sales) of large Ecuadorian private companies using data from the balance sheets and income statements of the hundred largest companies in Ecuador in the period 2015-2020, by applying the quasi-experimental differences-in-differences methodology. The results reveal that the pandemic has had a negative impact on companies' profitability and sales, however, in some cases, net income has an inverse behavior. These findings have important implications for business management strategies and the future of the Ecuadorian market.

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Impacto del COVID-19 sobre el desempeño financiero empresarial. Una mirada a las grandes empresas privadas del Ecuador

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