| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29746 |
| 来源ID | Working Paper 29746 |
| Corporate Flexibility in a Time of Crisis | |
| John W. Barry; Murillo Campello; John Graham; Yueran Ma | |
| 发表日期 | 2022-02-14 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | We use the COVID shock to study the direct and interactive effects of several forms of corporate flexibility on short- and long-term real business plans. We find that i) workplace flexibility, namely the ability for employees to work remotely, plays a central role in determining firms’ employment plans during the health crisis; ii) investment flexibility allows firms to increase or decrease capital spending based on their business prospects in the crisis, with effects shaped by workplace flexibility; and iii) financial flexibility contributes to stronger employment and investment, in particular when fixed costs are high. While the role of workplace flexibility is new to the COVID crisis, CFOs expect lasting effects for years to come: high workplace flexibility firms foresee continuation of remote work, stronger employment recovery, and shifting away from traditional capital investment, whereas low workplace flexibility firms rely more on automation to replace labor. |
| 主题 | Financial Economics ; Financial Markets ; Corporate Finance ; COVID-19 |
| URL | https://www.nber.org/papers/w29746 |
| 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/587420 |
| 推荐引用方式 GB/T 7714 | John W. Barry,Murillo Campello,John Graham,et al. Corporate Flexibility in a Time of Crisis. 2022. |
| 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 | ||
| w29746.pdf（773KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
