Analysis report

  The report involves the understanding and discussions of either (1) the influence of Covid-19 on corporate policies; or (2) how firms are immune to the Covid-19 impact. Starting from the beginning of 2020, Covid-19 has significant impact on capital market and corporate sector as an exogenous shock. The economies of different countries have demonstrated various trends (either upward or downward) since then. A large number of academic studies have explored the magnitude of such impact. In general, there are two strands of them. One strand of studies looking into the response of corporate policies (such as financing policy, cash holding policy, investment policy, payout policy) to the Covid-19, and another strand of studies looking into which firms are less affected by the Covid-19. Because Covid-19 has long-lasting influence on capital market, so it is essential to understand its implications. The purpose of this report is to review these studies and form your own conclusion based on the findings of these studies, which can be the recommended to firm managers. The requirements of this report include: (1) review at least 10 academic studies of either strand (journal articles or working papers), summarize the basic theories and their findings; (2) make personal judgement on how to mitigate the influence of Coivd-19 and make recommendations to firm managers. This is a research-based assignment, so you are expected to do the independent research of journal articles to complete this report.