| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26971 |
| 来源ID | Working Paper 26971 |
| Firm-Level Exposure to Epidemic Diseases: COVID-19, SARS, and H1N1 | |
| Tarek Alexander Hassan; Stephan Hollander; Laurence van Lent; Markus Schwedeler; Ahmed Tahoun | |
| 发表日期 | 2020-04-13 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We introduce a new word pattern-based method to automatically classify firms’ primary concerns related to the spread of epidemic diseases raised in their quarterly earnings conference calls. We construct text-based measures of the costs, benefits, and risks listed firms in the US and over 80 other countries associate with the spread of Covid-19 and other epidemic diseases. We identify which firms and sectors expect to lose/gain from a given epidemic and which are most affected by the associated uncertainty. Our new automatic pattern-based method shows how firms’ primary concerns (varying from the collapse in demand and disruptions in their production facilities or supply chain, to financing concerns) are changing over time and varying geographically as epidemics spread regionally and globally. We find that the Covid-crisis manifests itself at the firm-level as a simultaneous shock to both demand and supply. In prior epidemics, in contrast, firm discussions center more on shortfalls in demand. In 2020, supply and financing-related concerns are relatively more salient in regions where the spread of Covid-19 is less contained. |
| 主题 | Macroeconomics ; Fiscal Policy ; International Economics ; Financial Economics ; Portfolio Selection and Asset Pricing ; Health, Education, and Welfare ; COVID-19 |
| URL | https://www.nber.org/papers/w26971 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/584643 |
| 推荐引用方式 GB/T 7714 | Tarek Alexander Hassan,Stephan Hollander,Laurence van Lent,et al. Firm-Level Exposure to Epidemic Diseases: COVID-19, SARS, and H1N1. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w26971.pdf（1001KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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