AN ANALYSIS ON THE EFFECTS OF CORONAVIRUS (COVID-19) ON THE FINANCIAL MANAGEMENT OF MULTINATIONAL CORPORATIONS

Nurul Mohammad Zayed; K. M. Anwarul Islam; Shahiduzzaman Khan Shahi; Md. Sazidur Rahman; Tahsin Sharmila Raisa

doi:10.46281/afbr.v5i1.1015

Nurul Mohammad Zayed DIU https://orcid.org/0000-0001-7519-6552
K. M. Anwarul Islam TMU https://orcid.org/0000-0002-5305-6724
Shahiduzzaman Khan Shahi DIU https://orcid.org/0000-0003-4669-9104
Md. Sazidur Rahman DBBL
Tahsin Sharmila Raisa DIU https://orcid.org/0000-0002-3931-7115

DOI: https://doi.org/10.46281/afbr.v5i1.1015

Keywords: Coronavirus, COVID-19, International, Financial Management, Multinational Corporations, Economy, Market.

Abstract

This paper develops a sensible framework to get a handle on the spatiotemporal plans of the COVID-19 event, its real nature, and its implications to the Financial Management of MNCs (Multinational Corporations). In the most straightforward structure, the construction of multinational Corporations is included a parent organization that holds all licensed innovation rights, contract makers or undeniable makers which complete the creative work in the nations with low work costs, and the restricted or undeniable wholesalers that sell the completed merchandise in different business sectors and behaviors market explores in their nations of activity. The pandemic effect on financial movement contrasts as far as extent and force. This has delivered unrivaled proportions of shortcomings. This paper tries to diagram the overall elements of worldwide Financial Management of MNCs (Multinational Corporations) with country explicit dangers and primary dangers. Fundamental data is accumulated from different online media, adroit journals, various kinds of examination papers, and other online sources, etc. The globalization of Financial Management of MNCs (Multinational Corporations) is coordinated to the enormous extension of greatness and enhancement of monetary exchanges. At long last, all areas show and portray in detail this subject and give a few suggestions to conquer the present circumstance.

JEL Classification Codes: F36, G32, F23.

Author Biographies

Nurul Mohammad Zayed, DIU

Assistant Professor & Head, Department of Real Estate, Daffodil International University, Dhaka, Bangladesh

K. M. Anwarul Islam, TMU

Associate Professor, Department of Business Administration, The Millennium University, Dhaka, Bangladesh

Shahiduzzaman Khan Shahi, DIU

Independent Researcher, Department of Real Estate, Daffodil International University, Dhaka, Bangladesh

Md. Sazidur Rahman, DBBL

Executive Officer, Dutch-Bangla Bank Limited, Dhaka, Bangladesh

Tahsin Sharmila Raisa, DIU

Lecturer, Department of Business Administration, Daffodil International University, Dhaka, Bangladesh

References

Antonakakis, N. C. (2013). Dynamic co-movements of stock market returns, implied volatility and policy uncertainty. Economics Letters, 120(1), 87-92.

Baret, S. C. (2020a). COVID-19 potential implications for banking and capital markets sector. Deloitte Insights, 8(2), 5-12. Retrieved December 1, 2020, from https://www2.deloitte.com/content/dam/insights/us/articles/6693_covid-19-banking/DI_COVID-19-banking.pdf

Baret, S. C. (2020b). COVID-19 potential implications for the banking and capital markets sector. Maintaining Business And Operational Resilience, 11(8), 74-88.

Barua, S. (2020). Understanding Coronanomics: The economic implications of the coronavirus (COVID-19) pandemic. Asian Journal of Agricultural Extension Economics & Sociology, 8(2), 24-38.

Bedford, J. (2020). COVID-19: towards controlling a pandemic. Lancet, 4(2), 38-49.

Buheji, M. (2020). Stopping Future COVID-19 like Pandemics from the Source-A Socio-Economic Perspective. American Journal of Economics, 115-125.

Chahrour, M. (2020). A bibliometric analysis of COVID-19 research activity: a call for increased output. Cureus, 6(2), 249-261.
Chang, C. L. (2020). Alternative global health security indexes for risk analysis of COVID-19. International Journal of Environmental Research and Public Health, 17(9), 3161-3172.

Cheney, J. (2020). COVID-19 impact on bank liquidity risk management and response. Deloitte & Touche LLP, 6(8), 72-88. Retrieved December 1, 2020, from https://www.deloitte.com/content/dam/Deloitte/us/Documents/regulatory/covid-regulators-response.pdf

Chinazzi M, D. J. (2020). The effect of travel restrictions on the spread of the 2019 novel coronavirus (COVID-19) outbreak. Science.

Dua, A. J. (2020). COVID-19’s effect on jobs at small businesses in the United States. Mckinsey & Company, 8(3), 28-35. Retrieved December 1, 2020, from https://www.mckinsey.com/industries/social-sector/our-insights/covid-19s-effect-on-jobs-at-small-businesses-in-the-united-states

Furman, J. (2020). Protecting people now, helping. . VoxEU eBook.

Gopinath, G. (2020). Limiting economic fallout. VoxEU eBook.

Hoque, A. S. (2020). The Effect of Coronavirus (COVID-19) in the Tourism Industry in China. Asian Journal of Multidisciplinary Studies, 3(1), 91-108.

Jim, D. (2020). How Is COVID - 19 Affecting Your Financial Statements. Forbes.

Johns Hopkins University. (2020). Coronavirus COVID-19 global cases by the Center for Systems Science and Engineering (CSSE). Johns Hopkins: Johns Hopkins University (JHU).

Khachfe, H. (2020). An epidemiological study on COVID-19: a rapidly spreading disease. Cureus, 3(4), 612-628.

Mann, C. L. (2020). 8 Real and financial lenses to assess the economic consequences of COVID-19. Economics in the Time of COVID-19, 81.

Mauro, R. B. (2020). Economics in the Time of COVID-19. VoxEU eBook.

McKibbin, W. J. (2020, March 2). The Global Macroeconomic Impacts of COVID-19: Seven Scenarios. CAMA Working Paper No. 19/2020, 3(1), 42-53. Retrieved from https://ssrn.com/abstract=3547729 or http://dx.doi.org/10.2139/ssrn.3547729

Ramelli, S. (2020). Feverish stock price reactions to covid-19.

Remuzzi, A. (2020). COVID-19 and Italy: what next? Lancet, 5(3), 78-88.

Ruiz Estrada, M. A. (2020). The Application of the 2019-nCoV Global Economic Impact Simulator (the 2019-nCoV-GEI-Simulator) in China. SSRN Electronic Journal, 4(2), 98-108.

Ryan, D. B. (2020). COVID-19 and the banking and capital markets industry. PwC, 5(3), 48-57. Retrieved December 1, 2020, from https://www.pwc.com/us/en/library/covid-19/coronavirus-banking-and-capital-markets.html

S. Baret, A. C. (2020). COVID - 19 Potential Implications For The Banking And Capital Markets Sector. Maintaining Business And Operational Resilience. Deloitte Insights, 96-108.

Spina, S. (2020). The response of Milan's emergency medical system to the COVID-19 outbreak in Italy. Lancet, 2(4), 49-50.

Vidovic, L. (2020). The Outlook For Corporate Credit Risk: COVID-19 Pandemic And Macroeconomic. S&P Global, 6(7), 58-62.

WHO. (2020a, March 25). Coronavirus disease (COVID-2019) situation reports. Geneva: World Health Organization.

WHO. (2020b, March 20). Coronavirus disease (COVID-19) pandemic.

Xiang. (2020). Timely mental health care for the 2019 novel coronavirus outbreak is urgently needed. Lancet Psychiatry, 5(1), 28-29.

Ye, Z. (2020). COVID-19 and the Equity Market. A March 2020 Tale.