... measure, we first show that our COVIDHCM measure is positively associated with how favorably employees view the firm’s pandemic response. We then examine the association between COVIDHCM investment and firm value. We find favorable COVIDHCM investment valuation effects appear only as financial flexibility...

...Krishnamurthy Surysekar; Elizabeth H. Turner; Clark M. Wheatley ABSTRACT We address the impact of financial flexibility on organizational performance in a not-for-profit (NFP) setting. Specifically, we examine the link between donor-imposed financial inflexibility and subsequent donations. Donors...