Handbook of Research on Financial Management During Economic Downturn and Recovery

Description

Times of crisis are unexpected and they bring diverse challenges and opportunities for companies, financial markets, and the economy. On one hand, more risk and uncertainties appear, yet on the other hand, it is an opportunity to reorganize and reinvent the company. It is important for businesses to understand ways to deal with uncertainty and risk in times of economic downturn and what financial strategies and tools can be used to eliminate or reduce the potential negative effects. These effects can reach the company's financial performance, capital structure, as well as cause financial debt and the availability of cash-flow to companies. However, different financial instruments can sustain the business and deal with the difficulties of payment when sales reduce and uncertainty increases; thus, research is essential in this critical area. When economic downturn affects the financial markets, the role of banks, country dynamics, the economy, and many other facets of the business world, financial management becomes the key for business recovery. The Handbook of Research on Financial Management During Economic Downturn and Recovery shares relevant knowledge on challenges and opportunities caused by crises, such as the pandemic, and the effects on economic and financial arenas. The chapters cover topics such as business models to understand how companies react to pandemic and crises situations, as well as how they change their management and way of conducting business. Other important topics include sustainable development, international financial markets, capital structure changes, uncertainty and risk, and governance and leadership. This book is ideal for shareholders, directors and managers, economists, researchers, academics, practitioners, stakeholders, researchers, academicians, and students interested in knowledge on topics about challenges in the way that companies, financial markets, financial institutions, and governments respond to risk and uncertainty. Title Page Copyright Page Book Series Editorial Advisory Board List of Contributors Table of Contents Detailed Table of Contents Preface Section 1: Economy Chapter 1: The Impact of European Funds in View of Company Value Creation Chapter 2: Entrepreneurship and Unemployment Chapter 3: Structures and Functions of Holding Companies in Different Countries Section 2: Organizations Chapter 4: Financial Capacity During a Pandemic Crisis Chapter 5: Does the Capital Structure of New Ventures Differ as a Response to a Financial Crisis? Chapter 6: The Impact of Macroeconomic Factors on the Hotel Industry Through the Financial Leverage Trends Chapter 7: Financial Analysis During the Pandemic and New Consumption Chapter 8: Financial Management for the Successful Company Value Chapter 9: Analyzing the Impact of the COVID-19 Pandemic on Value Creation Chapter 10: Impact of the COVID-19 Pandemic on the Financial Statements of Portuguese Stock Index 20 Companies Chapter 11: The Impact of Working Capital Management on Firm Operational Performance Through Business Cycles Chapter 12: Idle Costs in the Pandemic Chapter 13: Cost Managerial Analysis to Prevent Arbitrary Cost Reductions in Times of Significant Crisis Chapter 14: The Uncertainty of the Organizational Environment as Cause of Unfavorable Budget Deviations in the Projects of Portuguese Construction Companies Section 3: Financial Institutions Chapter 15: Economic Policy Uncertainty in Banking Chapter 16: The Short-Term Effects of the Pandemic (COVID-19) on Banks With Activity in Portugal Chapter 17: Credit Risk Aversion Model During Economic Downturns and Recovery Chapter 18: FinTech and Sustainable Development Chapter 19: Blockchain Technology in Securitization in India Section 4: Financial Markets Chapter 20: Foreign Exchange Market Shocks in the Context of the Global Pandemic (COVID-19) Chapter 21: Performance of Exchange-Traded Funds in Europe Chapter 22: Do the Stock Market Indices Follow a Random Walk? Chapter 23: Using Mutual Information to Analyse Serial Dependence Chapter 24: A Study on the Performance of Indian Mutual Funds in Recent Years Chapter 25: How Does COVID-19 Impact the Efficiency of the Chinese Stock Market? Chapter 26: The Relationship Between Gold and Stock Markets During the COVID-19 Pandemic Chapter 27: Distributional Uncertainty for Spectral Risk Measures Compilation of References About the Contributors Index