Social Costs of the COVID-19 Management in Shanghai from Private Enterprises Perspective — A Case Study of Pang Pang Xiang (China) Co., Ltd.

Journal: Modern Economics & Management Forum DOI: 10.32629/memf.v4i6.1525

Ming Liu

Inner Mongolia Normal University, Hohhot 010000, Inner Mongolia, China

Abstract

Managing pandemic not only saves money by reducing transmission risk and minimizing economic impact, but it also incurs social costs and economic costs by disrupting the economy and increasing healthcare expenditures.This paper explores the social cost perspective of managing COVID-19 in Shanghai, with a focus on Pang Pang Xiang (China) Co., Ltd., which the only agricultural products and sideline distribution company seek IPO during the pandemic. The study employs qualitative case study methodology and content analysis to examine empirical data. It reveals that the company experienced a significant increase in revenue and gross profit margin due to business privileges during pandemic management, resulting in social costs.

Keywords

social cost, COVID-19 management, lockdown, private enterprise, Z-score

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