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The impact of COVID-19 economic stimulus measures on corporate stakeholders

  • Funded by Australian Government: Australian Research Council
  • Total publications:0 publications

Grant number: DP220102071

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Key facts

  • Disease

    COVID-19

  • Start & end year

    2022
    2024

  • Known Financial Commitments (USD)

    $276,389.15

  • Funder

    Australian Government: Australian Research Council

  • Principal Investigator

    Prof. Antje Berndt

  • Research Location

    Australia

  • Lead Research Institution

    The Australian National University

  • Research Priority Alignment

    N/A

  • Research Category

    Secondary impacts of disease, response & control measures

  • Research Subcategory

    Economic impacts

  • Special Interest Tags

    N/A

  • Study Type

    Non-Clinical

  • Clinical Trial Details

    N/A

  • Broad Policy Alignment

    Pending

  • Age Group

    Not Applicable

  • Vulnerable Population

    Not applicable

  • Occupations of Interest

    Not applicable

Abstract

The impact of COVID-19 economic stimulus measures on corporate stakeholders. Australia's economic response to COVID-19 saw cash injections to companies and bailouts of some insolvent firms. This project aims to quantify the market value of these government subsidies and how it was shared across corporate stakeholders. The project expects to generate new knowledge for the design of financial stability regimes by developing the world-first dynamic structural model of firm assets that allows for government interventions both prior to and at default. Expected outcomes include a novel public dataset that tracks expected future subsidies and how they are shared by stakeholders. These forecasts should provide significant benefits to taxpayers as they fund the subsidies and gain from them as claimants to Australian firms.