Short-term working allowance and firm risk in the post-COVID-19 period: Novel matching evidence from an emerging market

DORUK Ö. T., KONUK S., ATICI R.

Finance Research Letters, cilt.43, 2021 (SSCI) identifier identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 43
  • Basım Tarihi: 2021
  • Doi Numarası: 10.1016/j.frl.2021.102021
  • Dergi Adı: Finance Research Letters
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus, ABI/INFORM
  • Anahtar Kelimeler: Short-term working allowance, Turkish economy, Firm risk, COVID-19 period, Propensity score matching, COVID-19, IMPACT
  • İstanbul Üniversitesi Adresli: Evet

Özet

© 2021In the present study, we examine the effect of government fiscal policy on firm risk in the post-COVID-19 period for an emerging market: Turkey. By doing so, we utilize a propensity score matching method to examine the effect of the short-term working allowance, which is a unique short-term COVID-19 mitigation policy for the Turkish economy, on firm risk. The obtained findings show that the effect of short-term working allowances on firm risk is efficient at mitigating the effect of COVID-19. Our results are also robust as to different robustness checks.