Corporate Financial Resilience: Empirical Evidence from the United States (SpringerBriefs in Finance)

This research presents a rigorous investigation of US companies' financial resilience within the S&P 500 index from the year 2000 onward. The book focuses on the process of a company's bounce back to pre-crisis levels after a disturbance, exploring resilience measured through recovery duration and various financial performance indicators. The study analyzes three significant crises faced by the US during this period - the dotcom crisis, the global financial crisis, and the pandemic crisis. Through applied cox hazard regression and panel regression, the book reveals valuable empirical insights on factors impacting corporate financial resilience, sector-specific crisis effects, and essential considerations when interpreting the results. Investors, corporations, and researchers alike will find this data-driven resource a paramount asset in navigating the complexities of financial markets and fortifying corporate financial resilience for a prosperous future. About the Book 6 Contents 7 List of Abbreviations 9 List of Tables 10 List of Formulas 11 Chapter 1: Introduction 12 Chapter 2: Literature Review 14 2.1 Recent Crises in the US History 14 2.2 Financial Performance During a Crisis 16 2.3 Financial Resilience 17 Chapter 3: Data and Methodology 20 3.1 Data 20 3.2 Financial Resilience 21 3.3 Impact Factors on Financial Resilience 22 3.4 Descriptive Statistics 24 3.5 Methodology 31 Chapter 4: Results 35 4.1 Impact of Crises on Financial Performance 35 4.2 Impact of Crises on Financial Performance Including GICS Sectors 37 4.3 Factors Influencing Financial Resilience 48 4.4 Factors Influencing Financial Resilience Including GICS Sectors 51 4.5 Factors Influencing Financial Resilience Based on a Single Crisis 53 Chapter 5: Discussion 58 5.1 Industry-Specific Effects 58 5.2 Impact Factors on Financial Resilience 60 5.3 Recommendations to Investors 63 5.4 Increasing Financial Resilience from a Company Perspective 67 5.5 Limitations 69 Chapter 6: Conclusion 71 Appendix A: Google Trends Analysis 73 Appendix B: R Code 74 References 98