Did Firms Learn from Experience how to Reduce the Negative Impact of a Black Swan Event? Riccardo

Abstract

The following research, through the analysis of the operating results of six multinational enterprises, seeks to answer the following research question: “have firms learned, from previous black swan events, how to face future recessionary shocks?”. The research investigates at studying whether previous black swan events have somehow helped companies to develop a sort of experience in facing this kind of recessionary shock. Moreover, the firms that were not impacted negatively by the COVID-19 pandemic will be better analysed in detail, in order to understand what are the factors that determine the resilience and/or the robustness of a firm’s value chain.