Coronavirus Pandemic Outbreak and Firms Performance in Nigeria
Management and Human Resources Research, 2020
11 Pages Posted: 5 May 2020
Date Written: May 5, 2020
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: Suggested Citation