IMPACT OF THE COVID-19 CRISIS ON FIRM PERFORMANCE: AN EMPIRICAL INVESTIGATION IN THE TUNISIAN STOCK MARKET

Abstract Using financial data from Tunisian companies listed on the Tunis Stock Exchange (TSE), we study the impact of COVID-19 on firm performance. We show that COVID-19 has a negative impact on performance of the company. The empirical study uses panel data regression analysis, to examine data from 34 companies listed on the Tunis Stock Exchange during the period from 2016 to 2021. The results highlight the negative impact of the COVID-19 health crisis on company performance as approached by three measures (ROA, ROE and Stock Market Performance). Jel Classification: G30, I18, L21, L25.