TY - JOUR
AU - Qin, Zixuan
AU - Hassan, Abeer
AU - Adhikariparajuli, Mahalaxmi
PY - 2022
DA - September
TI - Direct and indirect implications of the COVID-19 pandemic on Amazon's financial situation
JO - Journal of Risk and Financial Management
VL - 15
IS - 9
DO - https://doi.org/10.3390/jrfm15090414
AB - We provide the theoretical and empirical insights into the impact of COVID-19 on Amazon`s financial position. The longitudinal case study of Amazon's financial situation during the period of 2016-2020, and Time Series analysis, Ratio analysis and Dupont analysis are employed as a quantitative methodology to explore Amazon`s financial situation changes before and after the COVID-19. As the robustness in depth analysis, we compare Amazon's financial performance and position with Walmart. The result show that COVID-19 epidemic does not have a huge negative impact on company's financial performance because of their promotion of the devel-opment of Amazon and Walmart. However, this study provides an in-depth analysis of the in-fluence of COVID-19 in Amazon's financial situation, which financial aspects are most affected by COVID-19, which are not, and company's response to COVID-19. Therefore, this study sheds the light on accounting literature to demonstrate the impact of COVID-19 on internet companies’ financial performance and provide some references value for subsequent academic research.
PB - MDPI
UR - https://uws.pure.elsevier.com/en/publications/88b2134f-a0d0-4a95-a06a-a1579a28a5e7
KW - Coronavirus (COVID-19)
ER