COVID-19 Impact on Firm Investment- Evidence from Firms Listed in Tehran Stock Exchange

Document Type : Research Paper

Authors

1 Assistant Prof. Faculty of Management and Financial Sciences, Department of Accounting, Khatam University, Tehran, Iran.

2 MSc. Student. Faculty of Management and Financial Sciences, Department of Accounting, Khatam University, Tehran, Iran.

10.22051/jera.2024.46189.3201

Abstract

The present study aimed to investigate the effect of COVID – 19 outbreak on the investment of companies listed in Tehran Stock Exchange. The method of descriptive research is in terms of functional purpose and in terms of the type of post-event information collection. The statistical population of this study included all companies accepted in the Tehran Stock Exchange for a period from 2017 to 2022. This period includes 11 seasons of COVID-19 and 11 seasons of normal period. Interim financial reporting data has used for purpose of this study.The method of data analysis is regression using Stata and E-views software. The results of the hypothesis test showed a significant relationship between COVID-19 and corporate investment. Variables such as cash flexibility, life cycle, company size and ownership structure have also been studied. The results also showed that the ownership structure and size of the company did not have a significant impact on the relationship between COVID-19 and the investment of the company, While the life cycle and cash flexibility have had a significant impact on the relationship between COVID-19 and corporate investment.

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History

  • Receive Date: 14 January 2024
  • Revise Date: 19 March 2024
  • Accept Date: 07 April 2024

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