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COVID-19 and firm performance: empirical evidence from Bangladesh

Author

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  • Subarna Rani Das

    (University of Barishal)

  • Md. Ibrahim Molla

    (University of Barishal)

Abstract

This study investigates the impact of COVID-19 pandemic on the financial performance of listed firms in Bangladesh. Using a difference-in-differences (DID) econometric model, complemented by t-test and Mann–Whitney test, the analysis reveals a significant decline in financial performance of firms measured by return on assets (ROA), return on equity (ROE), and Tobin's Q (TQ). Robustness tests confirm the reliability of these findings. To the best of the researcher's knowledge, it might be the first empirical evidence that explores the impact of COVID-19 on the financial performance of firms using the data of all the listed non-financial firms in Bangladesh.

Suggested Citation

  • Subarna Rani Das & Md. Ibrahim Molla, 2025. "COVID-19 and firm performance: empirical evidence from Bangladesh," SN Business & Economics, Springer, vol. 5(6), pages 1-18, June.
    • Handle: RePEc:spr:snbeco:v:5:y:2025:i:6:d:10.1007_s43546-025-00811-0
    DOI: 10.1007/s43546-025-00811-0
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    More about this item

    Keywords

    COVID-19; Pandemic; DID model; Financial performance; Bangladesh;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M49 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Other
    • I1 - Health, Education, and Welfare - - Health

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