Direct and indirect implications of the COVID-19 pandemic on Amazon's financial situation

Abstract

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.

Rights

This is an open access article distributed under the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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DOI

https://doi.org/10.3390/jrfm15090414

Repository URI

https://uws.pure.elsevier.com/en/publications/88b2134f-a0d0-4a95-a06a-a1579a28a5e7