Coronavirus Pandemic Outbreak and Firms Performance in Nigeria

Management and Human Resources Research, 2020

11 Pages Posted: 5 May 2020

See all articles by Hope Osayantin Aifuwa

Hope Osayantin Aifuwa

Department of Accounting, Faculty of Management Sciences, University of Benin, Benin City

Musa Saidu

Kwara State University

Success Ayoola Aifuwa

Ambrose Alli University

Date Written: May 5, 2020

Abstract

The World Health Organization (WHO) has declared a global public health emergency on coronavirus pandemic outbreak, and in response to this, nations affected by this scourge are enforcing strict measures to combat the virus. To understand the impact of these strict measures adopted by countries of the world, this study investigated the effect of Coronavirus pandemic outbreakon the performance of private businesses in Nigeria. The survey research design was adopted for the study. The data was sourced from questionnaires administered online to owners of private businesses and financial analysts in Lagos State, Nigeria. The result from the linear regression revealed that Coronavirus (COVID-19) Pandemic harms both the financial and non-financial performance of private businesses in Nigeria. The study concluded that that Coronavirus (COVID-19) Pandemic harms firm performance in Nigeria. The study, therefore, recommended that the government should include privates business in its stimulus packages or palliatives programmes to keep private businesses in operation after the pandemic.

Keywords: Pandemic, financial performance

JEL Classification: M3

Suggested Citation

Aifuwa, Hope Osayantin and Saidu, Musa and Aifuwa, Success Ayoola, Coronavirus Pandemic Outbreak and Firms Performance in Nigeria (May 5, 2020). Management and Human Resources Research, 2020, Available at SSRN: https://ssrn.com/abstract=3593361

Hope Osayantin Aifuwa (Contact Author)

Department of Accounting, Faculty of Management Sciences, University of Benin, Benin City ( email )

Edo State, Nigeria
Benin, CA
Nigeria
+2348113232082 (Phone)

Musa Saidu

Kwara State University

Kwara State University Rd
Malete
Nigeria

Success Ayoola Aifuwa

Ambrose Alli University ( email )

PMB 14 Ekpoma
Ekpoma, 310001
Nigeria

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