The Deterioration of Financial Ratios During the Covid-19 Pandemic: Does Corporate Governance Matter?

Abstract

Research background: Corporate governance plays an important role in companies’ financial performance and its true importance and relevance are revealed during an economic shock, such as the COVID-19 pandemic. In the past, research regarding corporate governance and financial variables focused solely on performance variables such as Tobin’s Q and ROA. This assessment completely ignores that corporate governance principles have a broader implication on financial variables than only performance.

Keywords

• corporate governance
• corporate governance index
• covid-19 pandemic
• bratislava stock exchange
• g19
• g28
• g30
• g34