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THE IMPACT OF COVID-19 ON ITALIAN FIRMS’PROFITABILITY: A PANEL EVENT STUDY

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  • Desiré De Luca,
  • Giorgio Tassinari
Desiré De Luca
Department of Statistical Sciences “Paolo Fortunati”, University of Bologna, Italy
Giorgio Tassinari
Department of Statistical Sciences “Paolo Fortunati”, University of Bologna, Italy
DOI: https://doi.org/10.26398/IJAS.327

Published 2024-12-21

Keywords

  • Profitability,
  • ROI,
  • ROE,
  • Covid-19 pandemic,
  • Panel Event Study

How to Cite

De Luca, D., & Tassinari, G. (2024). THE IMPACT OF COVID-19 ON ITALIAN FIRMS’PROFITABILITY: A PANEL EVENT STUDY. Italian Journal of Applied Statistics. https://doi.org/10.26398/IJAS.327

Copyright (c) 2024 Desiré De Luca, Giorgio Tassinari

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Abstract

Using data from the AIDA dataset carried out by Bureau van Dijk, we empirically analyze the effect of Covid-19 pandemic on the financial performance of enterprises, specifically focusing on their operational efficiency and capacity to generate profits. The panel structure of the dataset enables us to execute a Panel Event Study, thereby furnishing empirical insights into the significant repercussions of the Covid-19 outbreak on the profitability of Italian companies. The findings demonstrate a noteworthy and enduring influence of the pandemic on businesses, albeit with varying degrees of severity contingent upon the industrial sector and geographic location of the firms. The heterogeneous results are indicative of the diverse lockdown measures on economic activities and the substantial regional economic disparities prevalent within our country.

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