Corporate impact of the COVID-19 pandemic: An approximation based on business data from Ecuador /Impacto corporativo de la pandemia de COVID-19: una aproximación basada en datos comerciales de Ecuador /Impacto corporativo da pandemia do Covid-19: uma abordagem baseada em dados comerciais no Equador

Corporate impact of the COVID-19 pandemic: An approximation based on business data from Ecuador /Impacto corporativo de la pandemia de COVID-19: una aproximación basada en datos comerciales de Ecuador /Impacto corporativo da pandemia do Covid-19: uma abordagem baseada em dados comerciais no Equador

This study analyzes the impact of the COVID-19 pandemic and the economic reactivation carried out in Ecuador in 2021 on the corporate performance of Ecuadorian companies; in this country, most of the business fabric is made up of micro and small companies, which is why it could provide new insights...

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Bibliographic Details
Published in:Estudios gerenciales Vol. 40; no. 170; pp. 57 - 80
Main Authors: Jiménez, Diego Danny Ontaneda, Muñoz, Luis Rodrigo Mendieta, Campoverde, David Sebastián Figueroa, Chérrez, Fabiola Susana Reino
Format: Journal Article
Language:Spanish
Published: Universidad ICESI 01-01-2024
Subjects:
Database industry
Epidemics
Financial statements
International economic relations
School superintendents
Textile fabrics
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Summary:This study analyzes the impact of the COVID-19 pandemic and the economic reactivation carried out in Ecuador in 2021 on the corporate performance of Ecuadorian companies; in this country, most of the business fabric is made up of micro and small companies, which is why it could provide new insights to the literature. The empirical analysis is based on the DID impact evaluation methodology from a company database obtained from the financial statements of the Superintendency of Companies of Ecuador. The results reveal that there is great heterogeneity in the corporate impact of the pandemic and that the affected ones were mainly micro and small companies; additionally, they indicate that the negative effects of the pandemic on financial performance extended into 2021, thus signaling a weak economic recovery. These results are key for designing policies aimed at economic reactivation in the business segments and industries most impacted by the pandemic.
ISSN:0123-5923