2019年冠状病毒病(COVID-19)
弹性(材料科学)
供应链
收入
波动性(金融)
业务
休克(循环)
心理弹性
大流行
产业组织
营销
财务
医学
物理
内科学
病理
热力学
传染病(医学专业)
心理治疗师
疾病
心理学
作者
Chunmian Ge,Hanwei Huang,Zhiqiang Wang,Junhui Jiang,Chang Liu
摘要
Abstract The COVID‐19 pandemic has disrupted firms' operations. To cope with the crisis, many firms have allowed their employees to work from home (WFH). We examine whether a firm's WFH capacity has increased its resilience during the pandemic. We test the hypotheses using a unique data set that combines listed firms' financial statements, supply chain partners, and job postings on a leading online platform that provides hiring services. We find that imposing COVID‐19 anti‐contagion policies on firms and their suppliers or customers significantly increases their operating revenue volatility, slows their recovery, and has repercussions on their supply chains. WFH enhances firms' resistance capacity by reducing the effect of COVID‐19 on their operating revenue volatility and disruptions to their supply chain partners; however, it also decreases their recovery capacity by extending the time taken to return to normal. Firm attributes, along with workers' occupations, education, and experience, have an impact on the effect of WFH on firm resilience. This study enhances our understanding of shock transmission across supply chains and WFH as a source of firm resilience.
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