Analysis of COVID-19's Influence on Enterprise Management Performance

Abstract

COVID-19 outbreak in early 2020 had a serious impact on the management performance of enterprises because of the long incubation period and strong infectivity of Covid-19. Taking the listed companies covered by domestic CSI 500 Index and US S&P 500 Index from 2018 to 2020 as the research object, this article makes a comparative study on the impact of sudden COVID-19 epidemic on the operating performance of listed companies and its action path. The results show that the epidemic situation has a negative impact on business performance by reducing the asset utilization efficiency of enterprises and increasing the comprehensive cost rate; Domestic epidemic prevention policies have promoted the improvement of business performance, and the impact of domestic enterprises on the epidemic situation will be less than that of the United States in 2020; In addition, the extent to which enterprises are affected by the epidemic is closely related to their industries, the nature of property rights and the degree of epidemic prevention and control in their regions. This study extends the analysis of influencing factors of business performance to the field of public health, reveals the path of public health events' influence on business performance, and provides reference for improving business performance during the epidemic period.