We use the COVID shock to study the direct and interactive effects of several forms of corporate flexibility on short …- and long-term real business plans. We find that i) workplace flexibility, namely the ability for employees to work … remotely, plays a central role in determining firms' employment plans during the health crisis; ii) investment flexibility …

seeks to preserve its financial flexibility by prudently managing its leverage and investment. Paradoxically, it is the high …

flexibility is mainly driven by movers and short tenure workers. The cross-country comparison suggests that the relatively high …