Vertical integration and corporate value under uncertainty shock: Evidence from the COVID-19 pandemic

Vertical integration and corporate value under uncertainty shock: Evidence from the COVID-19 pandemic

Using the exogenous shock of the COVID-19 pandemic, we examine whether vertical integration creates value for firms when facing increasing uncertainty. Using cross-sectional data during the outbreak of the COVID-19 pandemic, we find that there is a significant and positive correlation between vertic...

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Bibliographic Details
Main Authors: Chun Yuan, Chunxiao Geng, Jian Sun, Huaigu Cui
Format: Article
Language:English
Published: KeAi Communications Co. Ltd. 2022-12-01
Series:China Economic Quarterly International
Subjects:
Vertical integration
Corporate value
COVID-19
Online Access:http://www.sciencedirect.com/science/article/pii/S2666933122000491

Internet

http://www.sciencedirect.com/science/article/pii/S2666933122000491

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