COVID-19 and Corporate Performance in the Energy Industry

By Mengyao Fu, Huayu Shen. Energy RESEARCH LETTERS, 2020

283 citations recorded by the source corpus.

COVID-19 has had a major impact on the global economy and the energy sector has also been significantly affected by the pandemic.. This paper studies the impact of COVID-19 on corporate performance in the energy industry and finds that COVID-19 has had a significant negative effect on the performance of energy companies. When goodwill impairment was introduced as a moderating variable, companies with goodwill impairment were more strongly affected by the pandemic. Therefore, decision makers at all levels should pay more attention to the impact of COVID-19 on energy companies and take countermeasures in order to mitigate the effects on the energy industry.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/d004f37fe5190972175534ae33024af38595fed6

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Citations in the corpus

Does the Indian Financial Market Nosedive because of the COVID-19 Outbreak, in Comparison to after Demonetisation and the GST? (2020, background): “…2017; Gil-Alana and Monge 2020; Gormsen and Koijen 2020; Granger, Huang, and Yang 2000; Haroon and Rizvi 2020; Ichev and Baker Marinc 2018; Lagoarde-Segot and Leoni 2013; Narayan 2020; Phan and Narayan 2020; Zhang, Hu, and Ji 2020; Fu and Shen 2020; Liu, Wang and Lee 2020; Qin, Zhang and Su 2020).”
Which Firm-specific Characteristics Affect the Market Reaction of Chinese Listed Companies to the COVID-19 Pandemic? (2020, background): “It is widely recognized that the COVID-19 pandemic is not only an extreme public health event, but it is also an unprecedented shock to the economy (Fu and Shen 2020; Narayan 2020).”
COVID–19’s Impact on Stock Prices Across Different Sectors—An Event Study Based on the Chinese Stock Market (2020, result): “Our study therefore contributes to a small but growing literature on COVID-19 and its repercussions on different aspects of the economic and financial system (see, inter alia, Ali, Alam, and Rizvi 2020; Apergis and Apergis 2020; Fu and Shen 2020; Gil-Alana and Monge 2020; Narayan 2020).”
Constructing a Global Fear Index for the COVID-19 Pandemic (2020, background): “A number studies have also investigated the connection between the COVID-19 pandemic and the energy sector (see Apergis and Apergis 2020; Fu and Shen 2020; Gil-Alana and Monge 2020; Liu, Wang, and Lee 2020; Narayan 2020;; Qin, Zhang, and Su 2020).”
Economic Policy Uncertainty in Times of COVID-19 Pandemic (2020, background): “…can be distilled along several lines, including those showing that the pandemic impacted: corporate outcomes, such as liquidity and cashholdings (Fu & Shen, 2020); stock markets (Haroon & Rizvi, 2020; Salisu & Sikiru, 2020); oil markets (Devpura & Narayan, 2020; Iyke, 2020a; Narayan, 2020a;…”
Household Financial Decision Making Amidst the COVID-19 Pandemic (2020, background): “Additionally, Apergis and Apergis (2020), Fu and Shen (2020), Gil-Alana and Monge (2020), Liu, Wang, and Lee (2020), and Narayan (2020) examine the pandemic’s impact on the energy industry to contribute to our understanding of this global phenomenon.”
Country Responses and the Reaction of the Stock Market to COVID-19—a Preliminary Exposition (2020, background): “Some recent papers are Narayan (2020), Gil-Alana and Monge (2020), Liu, Wang, and Lee (2020), Zhang, Hu, and Ji (2020), Haroon and Rizvi (2020), Ali, Alam and Rizvi (2020), Al-Awadhi et al. (2020), Fu and Shen (2020), Qin, Zhang, and Su (2020), and Apergis and Apergis (2020).”
The Impact of the COVID-19 Pandemic on Firm Performance (2020, background): “Tourism, film and TV entertainment, catering retail, and transportation sectors are the most affected industries in China (Fu and Shen 2020).”
How Do Firms Respond to COVID-19? First Evidence from Suzhou, China (2020, background): “…outbreak mainly focus on the dynamics of the pandemic and its macroeconomic consequences (Apergis and Apergis 2020; Ali, Alam, and Rivzi 2020; Fu and Shen 2020; Gil-Alana and Monge 2020; Haroon and Rizvi 2020; Liu, Wang, and Lee 2020; Narayan 2020; Qin, Zhang, and Su 2020; Qiu, Chen, and Shi…”
Flatten the Curve and Stock Market Liquidity – An Inquiry into Emerging Economies (2020, background): “…of COVID-19 on financial markets focus on returns, volatility and systematic risk (Al-Awadhi et al. 2020; Albulescu 2020; Apergis and Apergis 2020; Fu and Shen 2020; Gil-Alana and Monge 2020; Haroon and Rizvi 2020; Liu, Wang, and Lee 2020; Narayan 2020; Qin, Zhang, and Su 2020; Zhang, Hu, and Ji…”
COVID-19 and the Oil Price – Stock Market Nexus: Evidence From Net Oil-Importing Countries (2020, methodology): “The data are for the period from January 1, 2020 to June 8, 2020(3). The specific stock market indices used are the NIKKEI225 for Japan, the KOSDAQ Composite Index for Korea, the NIFTY50 for India, and the Shanghai Composite Index for China. For oil prices, we consider the West Texas Intermediate (W”
Implications of COVID-19 Pandemic on the Global Trade Networks (2020, background): “…recent studies on the impact of the COVID-19 pandemic have mostly focussed on financial markets (Ali, Alam, and Rizvi 2020; Apergis and Apergis 2020; Fu and Shen 2020; Gil-Alana and Monge 2020; Haroon and Rizvi 2020; Liu et al., 2020; Narayan 2020; Phan and Narayan 2020; Qin, Zhang., and Su 2020).”
Did Bubble Activity Intensify During COVID-19? (2020, unknown): “…rate—COVID-19 nexus despite a large and growing literature on COVID-19 (see Al-Awadhi et al., 2020; Devpura & Narayan, 2020; Ertuğrul et al., 2020; Fu & Shen, 2020; Gil-Alana & Monge, 2020; Gu et al., 2020; Haroon & Rizvi, 2020a, 2020b; Huang & Zheng, 2020; Iyke, 2020a, 2020b; Liu et al., 2020;…”