Firm Resources, Strategies, and Survival and Growth during COVID-19 : Evidence from Two-Wave Global Surveys
This study examines how firms have made strategic choices and performed during the COVID-19 pandemic. Drawing on the organizational resources and strategic change literature, it uses World Bank Enterprise Surveys and the COVID-19 Follow-up Enterpri...
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okr-10986-372942022-04-13T05:10:38Z Firm Resources, Strategies, and Survival and Growth during COVID-19 : Evidence from Two-Wave Global Surveys Fang, Sheng Goh, Chorching Li, Shaomin Xu, L. Colin COVID-19 PANDEMIC CORONAVIRUS ORGANIZATIONAL RESOURCES STRATEGIC CHANGE CHANNEL STABILITY FIRM PERFORMANCE WORLD BANK ENTERPRISE SURVEY COVID-19 FOLLOW-UP ENTERPRISE SURVEY FIRMS SURVIVAL AND GROWTH COVID CONTROL POLICIES This study examines how firms have made strategic choices and performed during the COVID-19 pandemic. Drawing on the organizational resources and strategic change literature, it uses World Bank Enterprise Surveys and the COVID-19 Follow-up Enterprise Surveys to examine how different endowments in organizational resources affected firm performance as measured by their survival status and sales growth, and how these resources interact with and affect strategic responses in the supply of inputs, response to changing demand, liquidity management, and innovation. The results indicate that larger firms, firms with foreign or state ownership, and subsidiary companies performed better during the pandemic by more effectively stabilizing supply, managing liquidity, and fostering new product development. Chief executive officers with longer tenure improved survival rates. Firms in richer countries have coped with the pandemic better and stringent government COVID-19 control policies have tended to hurt firms' performance. 2022-04-12T19:45:34Z 2022-04-12T19:45:34Z 2022-04 Working Paper http://documents.worldbank.org/curated/en/099724104052273280/IDU0426cc95a06afa0491e08abb0415a427f3ea5 http://hdl.handle.net/10986/37294 English Policy Research Working Paper;9997 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Policy Research Working Paper Publications & Research |
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World Bank Open Knowledge Repository |
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World Bank |
language |
English |
topic |
COVID-19 PANDEMIC CORONAVIRUS ORGANIZATIONAL RESOURCES STRATEGIC CHANGE CHANNEL STABILITY FIRM PERFORMANCE WORLD BANK ENTERPRISE SURVEY COVID-19 FOLLOW-UP ENTERPRISE SURVEY FIRMS SURVIVAL AND GROWTH COVID CONTROL POLICIES |
spellingShingle |
COVID-19 PANDEMIC CORONAVIRUS ORGANIZATIONAL RESOURCES STRATEGIC CHANGE CHANNEL STABILITY FIRM PERFORMANCE WORLD BANK ENTERPRISE SURVEY COVID-19 FOLLOW-UP ENTERPRISE SURVEY FIRMS SURVIVAL AND GROWTH COVID CONTROL POLICIES Fang, Sheng Goh, Chorching Li, Shaomin Xu, L. Colin Firm Resources, Strategies, and Survival and Growth during COVID-19 : Evidence from Two-Wave Global Surveys |
relation |
Policy Research Working Paper;9997 |
description |
This study examines how firms have
made strategic choices and performed during the COVID-19
pandemic. Drawing on the organizational resources and
strategic change literature, it uses World Bank Enterprise
Surveys and the COVID-19 Follow-up Enterprise Surveys to
examine how different endowments in organizational resources
affected firm performance as measured by their survival
status and sales growth, and how these resources interact
with and affect strategic responses in the supply of inputs,
response to changing demand, liquidity management, and
innovation. The results indicate that larger firms, firms
with foreign or state ownership, and subsidiary companies
performed better during the pandemic by more effectively
stabilizing supply, managing liquidity, and fostering new
product development. Chief executive officers with longer
tenure improved survival rates. Firms in richer countries
have coped with the pandemic better and stringent government
COVID-19 control policies have tended to hurt firms' performance. |
format |
Working Paper |
author |
Fang, Sheng Goh, Chorching Li, Shaomin Xu, L. Colin |
author_facet |
Fang, Sheng Goh, Chorching Li, Shaomin Xu, L. Colin |
author_sort |
Fang, Sheng |
title |
Firm Resources, Strategies, and Survival and Growth during COVID-19 : Evidence from Two-Wave Global Surveys |
title_short |
Firm Resources, Strategies, and Survival and Growth during COVID-19 : Evidence from Two-Wave Global Surveys |
title_full |
Firm Resources, Strategies, and Survival and Growth during COVID-19 : Evidence from Two-Wave Global Surveys |
title_fullStr |
Firm Resources, Strategies, and Survival and Growth during COVID-19 : Evidence from Two-Wave Global Surveys |
title_full_unstemmed |
Firm Resources, Strategies, and Survival and Growth during COVID-19 : Evidence from Two-Wave Global Surveys |
title_sort |
firm resources, strategies, and survival and growth during covid-19 : evidence from two-wave global surveys |
publisher |
World Bank, Washington, DC |
publishDate |
2022 |
url |
http://documents.worldbank.org/curated/en/099724104052273280/IDU0426cc95a06afa0491e08abb0415a427f3ea5 http://hdl.handle.net/10986/37294 |
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1764486909468344320 |