Facing both Challenges and Opportunities, How can Financial Service Firms Survive under the Pandemic?

Ding Li; Ning Xie; Zhihang Xie

doi:10.2991/aebmr.k.220405.342

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Facing both Challenges and Opportunities, How can Financial Service Firms Survive under the Pandemic?

SOAR Analysis of Three Leading Firms in the Financial Service Industry

Authors

Ding Li¹^{, †}, Ning Xie²^{, †}, Zhihang Xie³^{, *}^{, †}

¹Faculty of Arts & Science, University of Toronto

²Faculty of Arts & Science, University of Toronto

³Faculty of Business, Economics & Law, University of Queensland

^†

These authors contributed equally.

^*Corresponding author. Email: zhihang.xie@uq.net.au

Corresponding Author

Zhihang Xie

Available Online 29 April 2022.

DOI: 10.2991/aebmr.k.220405.342 How to use a DOI?
Keywords: Financial Services firms; SOAR methods; Digital Transaction; Remote Working; Compensation Policy; Incentive payment; Correlation Analysis; Growth Rate of Compensation; Inflation rate; Real Wage
Abstract: After the breakout of COVID-19, many entity industries have to shut down. The rapid decline of money transaction caused by the shutdown of the entity industries has shocked the financial service industry while the increase in digital transactions also offers them opportunities. Facing both challenges and opportunities, financial services firms should change their target and compensation policy during the pandemic to survive. After analysing three major firms in this industry by using SOAR method, we conclude four keys for financial services firms to survive in COVID-19.
Open Access: This is an open access article distributed under the CC BY-NC 4.0 license.

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Volume Title: Proceedings of the 2022 7th International Conference on Social Sciences and Economic Development (ICSSED 2022)
Series: Advances in Economics, Business and Management Research
Publication Date: 29 April 2022
ISBN: 10.2991/aebmr.k.220405.342
ISSN: 2352-5428
DOI: 10.2991/aebmr.k.220405.342 How to use a DOI?
Open Access: This is an open access article distributed under the CC BY-NC 4.0 license.

Cite this article

ris enw bib

TY  - CONF
AU  - Ding Li
AU  - Ning Xie
AU  - Zhihang Xie
PY  - 2022
DA  - 2022/04/29
TI  - Facing both Challenges and Opportunities, How can Financial Service Firms Survive under the Pandemic?
BT  - Proceedings of the 2022 7th International Conference on Social Sciences and Economic Development (ICSSED 2022)
PB  - Atlantis Press
SP  - 2039
EP  - 2046
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220405.342
DO  - 10.2991/aebmr.k.220405.342
ID  - Li2022
ER  -

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