Corporate governance of state-owned enterprises and their role in the society: How has it changed during COVID-19?

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Abstact

We can start talking about the COVID-19 pandemic as an unprecedented shock that has required unique responses from many corporations. Understanding how they have responded is of first-order importance for the fields of corporate governance, corporate finance and stewardship. While some insights begin to emerge, others will take time and depend on more complete data sets to become available, such as financial statements and governance records for 2020. Such data typically come from annual reports and proxy statements. US companies with an end of the fiscal year on December, 31 hold their annual meetings in the spring. They typically file their annual reports by the end of March, but in 2019, some 30 percent of the 7,000 reports were filed in April and later. While firms also publish quarterly data, most release comprehensive annual data only 90 days after their fiscal year end, so the earliest date that a large sample of data on US firms will be available is April 2021. These dates may be similar or even later for firms in other countries.

Keywords: Corporate Governance, Financial Markets

JEL Classification: G280, G12, G13, G14

Received: 10.02.2021
Accepted: 16.03.2021

How to cite: Di Tommaso, F. (2021). Corporate governance of state-owned enterprises and their role in the society: How has it changed during COVID-19? In S. Hundal, A. Kostyuk, & D. Govorun (Eds.), Corporate governance: A search for emerging trends in the pandemic times (pp. 10–18). https://doi.org/10.22495/cgsetpt1