Abstract
The COVID-19 pandemic had significant global negative effects and posed significant challenges to corporate financial management. Firms that were more adaptable and robust achieved superior financial performance, underscoring the importance of resilience in corporate finance. Financial reserves, including cash holdings, played a substantial role in financial resilience serving as a buffer against negative external and internal shocks. Flexible investments and financing were another source of stability, enabling a quicker response to a rapidly changing environment. Furthermore, the accelerated pace of digitalization and the application of sustainable development principles also aided firms in navigating the crisis period more effectively. Overall, greater corporate financial resilience is essential for the successful long-term development of the company.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
More From: Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.