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Resilience and Rebound: A Financial Analysis of Czech's Big Four Accounting Firms Post-COVID-19 Recovery

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  • Covar, Eliska

Abstract

In this comprehensive empirical analysis spanning 2020 to 2022, our study rigorously examines the financial performance of Czech's prominent Big Four accounting firms—Deloitte, PricewaterhouseCoopers (PwC), Ernst & Young (EY), and KPMG—following the multifaceted challenges posed by the COVID-19 pandemic. Focusing on critical profitability ratios, including Net Profit Margin, Return on Assets, and Earnings After Tax Margin, this research is dedicated to identifying the accounting firm that staged the most remarkable comeback during this tumultuous period. The findings unequivocally position KPMG as the standout performer, exemplifying unparalleled financial resurgence. KPMG's capacity to adapt and thrive in the post-pandemic landscape is particularly noteworthy. PwC consistently exhibits financial strength, maintaining a resilient performance throughout the study period, while Deloitte and EY demonstrate stability in their financial metrics. This empirical analysis underscores the dynamic nature of the accounting industry, emphasizing the pivotal role of adaptability and resilience in the face of unprecedented challenges. The insights gleaned from this study provide valuable guidance for stakeholders in the accounting profession, shedding light on strategies and practices conducive to post-pandemic recovery and financial resilience. The exceptional performance of KPMG stands as a compelling case study in navigating the evolving economic landscape.

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  • Covar, Eliska, 2025. "Resilience and Rebound: A Financial Analysis of Czech's Big Four Accounting Firms Post-COVID-19 Recovery," MPRA Paper 124351, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:124351
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    References listed on IDEAS

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    Cited by:

    1. Thị Mai, Nguyễn & Wijaya, Putri & 陽翔, 田中 & Volkov, Dmitry, 2025. "Cross-Sector Performance Benchmarking: The Evolving Role of Financial Ratio Analysis Across Industries," MPRA Paper 125290, University Library of Munich, Germany.
    2. Hương, Trần & Đức, Vũ & Ndlovu, Thando & Chaiwat, Somsak, 2025. "Financial Ratio Analysis: A Research Note on Post-Pandemic Lessons Across Sectors," MPRA Paper 125291, University Library of Munich, Germany.
    3. Ferreira, Bianca & Ndiaye, Fatima & Silva, Costa, 2025. "The Application of Financial Ratios and Panel Data Analysis in Assessing Firm Performance and Socio-Economic Dynamics," MPRA Paper 124723, University Library of Munich, Germany.
    4. Zhang, Yi & Silva, Beatriz & Moreau, Élodie & Tāne, Hinewera, 2025. "Financial Ratio Analysis: A literature Review Working Paper," MPRA Paper 125289, University Library of Munich, Germany.

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    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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