Firm Resources, Strategies, and Survival and Growth during COVID-19 : Evidence from Two-Wave Global Surveys

This study examines how firms have made strategic choices and performed during the COVID-19 pandemic. Drawing on the organizational resources and strategic change literature, it uses World Bank Enterprise Surveys and the COVID-19 Follow-up Enterpri...

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Main Authors:	Fang, Sheng, Goh, Chorching, Li, Shaomin, Xu, L. Colin
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2022
Subjects:	COVID-19 PANDEMIC CORONAVIRUS ORGANIZATIONAL RESOURCES STRATEGIC CHANGE CHANNEL STABILITY FIRM PERFORMANCE WORLD BANK ENTERPRISE SURVEY COVID-19 FOLLOW-UP ENTERPRISE SURVEY FIRMS SURVIVAL AND GROWTH COVID CONTROL POLICIES
Online Access:	http://documents.worldbank.org/curated/en/099724104052273280/IDU0426cc95a06afa0491e08abb0415a427f3ea5 http://hdl.handle.net/10986/37294

id	okr-10986-37294
recordtype	oai_dc
spelling	okr-10986-372942022-04-13T05:10:38Z Firm Resources, Strategies, and Survival and Growth during COVID-19 : Evidence from Two-Wave Global Surveys Fang, Sheng Goh, Chorching Li, Shaomin Xu, L. Colin COVID-19 PANDEMIC CORONAVIRUS ORGANIZATIONAL RESOURCES STRATEGIC CHANGE CHANNEL STABILITY FIRM PERFORMANCE WORLD BANK ENTERPRISE SURVEY COVID-19 FOLLOW-UP ENTERPRISE SURVEY FIRMS SURVIVAL AND GROWTH COVID CONTROL POLICIES This study examines how firms have made strategic choices and performed during the COVID-19 pandemic. Drawing on the organizational resources and strategic change literature, it uses World Bank Enterprise Surveys and the COVID-19 Follow-up Enterprise Surveys to examine how different endowments in organizational resources affected firm performance as measured by their survival status and sales growth, and how these resources interact with and affect strategic responses in the supply of inputs, response to changing demand, liquidity management, and innovation. The results indicate that larger firms, firms with foreign or state ownership, and subsidiary companies performed better during the pandemic by more effectively stabilizing supply, managing liquidity, and fostering new product development. Chief executive officers with longer tenure improved survival rates. Firms in richer countries have coped with the pandemic better and stringent government COVID-19 control policies have tended to hurt firms' performance. 2022-04-12T19:45:34Z 2022-04-12T19:45:34Z 2022-04 Working Paper http://documents.worldbank.org/curated/en/099724104052273280/IDU0426cc95a06afa0491e08abb0415a427f3ea5 http://hdl.handle.net/10986/37294 English Policy Research Working Paper;9997 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Policy Research Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	COVID-19 PANDEMIC CORONAVIRUS ORGANIZATIONAL RESOURCES STRATEGIC CHANGE CHANNEL STABILITY FIRM PERFORMANCE WORLD BANK ENTERPRISE SURVEY COVID-19 FOLLOW-UP ENTERPRISE SURVEY FIRMS SURVIVAL AND GROWTH COVID CONTROL POLICIES
spellingShingle	COVID-19 PANDEMIC CORONAVIRUS ORGANIZATIONAL RESOURCES STRATEGIC CHANGE CHANNEL STABILITY FIRM PERFORMANCE WORLD BANK ENTERPRISE SURVEY COVID-19 FOLLOW-UP ENTERPRISE SURVEY FIRMS SURVIVAL AND GROWTH COVID CONTROL POLICIES Fang, Sheng Goh, Chorching Li, Shaomin Xu, L. Colin Firm Resources, Strategies, and Survival and Growth during COVID-19 : Evidence from Two-Wave Global Surveys
relation	Policy Research Working Paper;9997
description	This study examines how firms have made strategic choices and performed during the COVID-19 pandemic. Drawing on the organizational resources and strategic change literature, it uses World Bank Enterprise Surveys and the COVID-19 Follow-up Enterprise Surveys to examine how different endowments in organizational resources affected firm performance as measured by their survival status and sales growth, and how these resources interact with and affect strategic responses in the supply of inputs, response to changing demand, liquidity management, and innovation. The results indicate that larger firms, firms with foreign or state ownership, and subsidiary companies performed better during the pandemic by more effectively stabilizing supply, managing liquidity, and fostering new product development. Chief executive officers with longer tenure improved survival rates. Firms in richer countries have coped with the pandemic better and stringent government COVID-19 control policies have tended to hurt firms' performance.
format	Working Paper
author	Fang, Sheng Goh, Chorching Li, Shaomin Xu, L. Colin
author_facet	Fang, Sheng Goh, Chorching Li, Shaomin Xu, L. Colin
author_sort	Fang, Sheng
title	Firm Resources, Strategies, and Survival and Growth during COVID-19 : Evidence from Two-Wave Global Surveys
title_short	Firm Resources, Strategies, and Survival and Growth during COVID-19 : Evidence from Two-Wave Global Surveys
title_full	Firm Resources, Strategies, and Survival and Growth during COVID-19 : Evidence from Two-Wave Global Surveys
title_fullStr	Firm Resources, Strategies, and Survival and Growth during COVID-19 : Evidence from Two-Wave Global Surveys
title_full_unstemmed	Firm Resources, Strategies, and Survival and Growth during COVID-19 : Evidence from Two-Wave Global Surveys
title_sort	firm resources, strategies, and survival and growth during covid-19 : evidence from two-wave global surveys
publisher	World Bank, Washington, DC
publishDate	2022
url	http://documents.worldbank.org/curated/en/099724104052273280/IDU0426cc95a06afa0491e08abb0415a427f3ea5 http://hdl.handle.net/10986/37294
_version_	1764486909468344320

Firm Resources, Strategies, and Survival and Growth during COVID-19 : Evidence from Two-Wave Global Surveys

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