Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)

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The Influence of Coronavirus on the Profitability of Educational Enterprises

Authors
Qiancheng Xu1, *, †, Linjia Zhang2, †, Liuweier Zhang3, †
1School of Arts & Sciences and Simon Business School, University of Rochester, Rochester, NY 14627, America
2Insurance School, Southwestern University of Finance and Economics, Chengdu 611130, China
3Sydney Institute of Language and Commerce Business School, Shanghai University, Shanghai 266035, China
†

These authors contributed equally.

*Corresponding author. Email: guanghua.ren@gecacdemy.cn
Corresponding Author
Qiancheng Xu
Available Online 15 December 2021.
DOI
10.2991/assehr.k.211209.427How to use a DOI?
Keywords
Profitability; COVID-19; Educational Enterprises
Abstract

We use quarterly data, covering 4 years from 12/31/2016 to 12/31/2020, freely available from the CSMAR database. Data analysis is conducted by R and STATA statistical software. The one-way analysis of variance (ANOVA) and Kruskal (rank-sum) test is used to determine whether the mean values of three or more independent (unrelated) groups were statistically significant and to ensure that the observation of the hypothesis graph is accurate. We also use regression analysis to explore the epidemic’s impact on the profitability of Chinese education enterprises. We analyze the profitability of enterprises by analyzing the return on total assets, return on common shareholders’ equity and operating profit margin. The conclusion is that the COVID-19 epidemic has had a serious negative impact on listed companies in the education industry, leading to a significant decline in the profitability of enterprises in the education industry. By exploring the market reaction caused by the outbreak of COVID-19, the research on the loss of enterprise value under the impact of COVID-19 has been enriched. In particular, this paper focuses on the market response of educational companies, complementing research on the heterogeneous impact of COVID-19 on different industries.

Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
15 December 2021
ISBN
978-94-6239-483-4
ISSN
2352-5428
DOI
10.2991/assehr.k.211209.427How to use a DOI?
Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

risenwbib
TY  - CONF
AU  - Qiancheng Xu
AU  - Linjia Zhang
AU  - Liuweier Zhang
PY  - 2021
DA  - 2021/12/15
TI  - The Influence of Coronavirus on the Profitability of Educational Enterprises
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 2626
EP  - 2631
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.427
DO  - 10.2991/assehr.k.211209.427
ID  - Xu2021
ER  -