Related Experiment Video
Updated: Sep 23, 2025

Remote Laboratory Management: Respiratory Virus Diagnostics
Published on: April 6, 2019
Investment, Q and epidemic diseases
1Ted Rogers School of Management, Ryerson University, Toronto, CA, Canada.
Abstract:
We study the effects of epidemic diseases on corporate investment. Epidemic diseases tend to be unanticipated and exogenous to firms' decisions. Using difference-in-difference estimation strategy and a firm-level exposure to an epidemic disease measure, we find that corporate investment declines significantly following the onset of an epidemic disease. We also show that the COVID-19 pandemic has the strongest negative impact on investment when compared to the other most recent epidemic diseases.
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