The COVID-19 pandemic and family business performance

• DOI: 10.1007/s11187-023-00766-2
• Publication Date: 2023-04-10T08:03:03Z
• Authors: Ivan Miroshnychenko; Giorgio Vocalelli; Alfredo De Massis; Stefano Grassi; Francesco Ravazzolo
• Keywords: Pandemic; 2019-20 coronavirus outbreak; Family business

This study examines the impact of COVID-19 pandemic on corporate financial performance using a unique, cross-country, and longitudinal sample 3350 listed firms worldwide. We find that family has been significantly higher than nonfamily during pandemic, accounting for pre-pandemic business conditions. effect is pertinent to with strong involvement in management or both ownership. also identify role firm-, industry-, country-level contingencies pandemic. offers novel understanding resilience across different types sets an agenda future research drivers adverse events. It provides important evidence policymakers, particularly ownership structures.