Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/274934 
Year of Publication: 
2022
Citation: 
[Journal:] Journal of Risk and Financial Management [ISSN:] 1911-8074 [Volume:] 15 [Issue:] 9 [Article No.:] 414 [Year:] 2022 [Pages:] 1-25
Publisher: 
MDPI, Basel
Abstract: 
We provide theoretical and empirical insights into the impact of COVID-19 on Amazon's financial position. A longitudinal case study of Amazon's financial situation during the 2016-2020 period, and time-series analysis, ratio analysis, and DuPont analysis, are employed as a quantitative methodology to explore Amazon's financial situation changes before and after the COVID-19 pandemic. As for the robustness of the in-depth analysis, we compare Amazon's financial performance and position with Walmart. The result shows that the COVID-19 pandemic did not have a huge negative impact on the companies' financial performance because of its promotion of their development. However, this study provides an in-depth analysis of the influence of COVID-19 on Amazon's financial situation, which financial aspects are most affected by COVID-19, which are not, and the company's response to COVID-19. Therefore, this study sheds light on the accounting literature to demonstrate the impact of COVID-19 on Internet companies' financial performance and provides some reference values for subsequent academic research.
Subjects: 
COVID-19
Amazon
DuPont analysis
financial statement analysis
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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