The paper investigates the financial vulnerability of non-financial firms during the Coronavirus (COVID-19) epidemic … crisis. In particular, it evaluates the extent to which firms may run into a liquidity crisis following the COVID-19 outbreak … face liquidity shortfalls after 10 months since the implementation of confinement measures. Comparing the impact of …

-quality firms. Public liquidity support preserves the overall production capacity. However, by dampening the cleansing effects, it … the expectations of liquidity support that motivate low-quality firms to overinvest pre-crisis. Finally, the size of … on savings discourage firms from self-insurance against crises through internal liquidity accumulation …

influence the liquidity of Greek listed firms. It also explores the main factors that drive the level of operating cash flow … (OCF). By simulating a decrease of 50% and 75% in sales, we perform stress-tests on three liquidity ratios for 154 listed … about one year, whereas about 12% would become illiquid within two years. It is also observed that liquidity does not …