Business

Concave-convex effect of financial resilience on corporate financial performance: quantile regression approach

X. Zhang, K. Wu, et al.

Explore the intriguing findings of XueHui Zhang, Kun-Shan Wu, and Mingwen He as they analyze the complex relationship between financial resilience and corporate financial performance during the COVID-19 pandemic. Discover how firms can strategically manage financial resilience to optimize their investment decisions!

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Playback language: English

Index

Abstract

This study investigates the curvilinear relationship between financial resilience (FR) and corporate financial performance (CFP) using data from Taiwanese publicly listed manufacturing firms during the COVID-19 pandemic. Employing a quantile regression approach, the study finds a concave-convex relationship between FR and CFP, varying across environmentally sensitive and non-sensitive firms. The implications suggest that firms should carefully manage FR to avoid under- or over-investment.

Publisher

Humanities and Social Sciences Communications

Published On

Oct 06, 2023

Authors

XueHui Zhang, Kun-Shan Wu, Mingwen He

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