Date of Graduation
5-2021
Document Type
Thesis
Degree Name
Bachelor of Science in Business Administration
Degree Level
Undergraduate
Department
Finance
Advisor/Mentor
Worrell, Dan
Abstract
This study investigates the impact of the COVID-19 pandemic on the financial returns received by Big-Tech companies in order to predict future financial returns and related business activities. The main objectives of this paper are to delineate business models and financial statements of Big-Tech companies prior to and during the COVID-19 pandemic, present ample, relevant economic information regarding COVID-19, and encompass the effects of COVID-19 on global economies. This study then predicts the future economic effects of COVID-19 on Big-Tech companies. The selected Big-Tech companies included in this study are Facebook, Alphabet (Google), Apple, Microsoft, and Amazon; each company saw an unprecedented rise in their yearly profits due to COVID-19 related market trends, which consequently made them applicable to study their financial gains. Finally, actions and recommendations related to corporate social responsibilities were put forward. In this study, it is worth noting that the financial actions taken by Big-Tech companies prior to and during the COVID-19 pandemic resulted in potential Antitrust infringements and potential U.S. Codes’ consumer protection infringements to be addressed.
Keywords
Big Tech, Finance, Gains, Service Learning
Citation
Flanigen, E. (2021). How Has COVID-19 Affected Financial Gains of Big-Tech Companies?. Finance Undergraduate Honors Theses Retrieved from https://scholarworks.uark.edu/finnuht/64
Included in
Business Administration, Management, and Operations Commons, Business and Corporate Communications Commons, Corporate Finance Commons, Finance Commons, Finance and Financial Management Commons, Growth and Development Commons, Public Economics Commons, Service Learning Commons, Technology and Innovation Commons