Measuring the Impact of the COVID-19 Pandemic on Earnings persistence in Companies of the Gulf Cooperation Council (GCC) Countries
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Abstract
The aim of this study is to measure earnings Persistence in GCC companies before and after the COVID-19 pandemic. The study sample consists of 335 companies in the GCC countries. The study used a regression model to test the study hypothesis. The results showed a decline in earnings Persistence in companies operating in the GCC as a whole before the COVID-19 pandemic, as well as at the level of each individual country. The results also indicated a decline in earnings Persistence in companies operating in the GCC as a whole, as well as at the level of each individual country, during and after the COVID-19 pandemic.
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