Consolidation strategies of small family firms in Poland during Covid-19 crisis

Marjański, Andrzej; Sułkowski, Łukasz

doi:10.15678/eber.2021.090211

Cited by 33 publications

(36 citation statements)

References 66 publications

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“…Currently experienced the COVID-19 pandemic is an example of such an external factor hitting economies and societies on an irregular basis (Kitrar and Lipkind 2021), which has changed dramatically the economic dynamics of many countries in recent times. Many studies refer to it as a crisis (i.e., a phase of the business cycle), understood as a sudden threat to an individual, group, or organization, which is unable to deal with the situation using standard or routine procedures (Fabeil et al 2020;Marjański and Sułkowski 2021). We already know that the effects of the COVID-19 should be considered not only in the short term, but above all in the medium and long term.…”

Section: Economic Dynamicsmentioning

confidence: 99%

On the Relationship between Economic Dynamics and Female Entrepreneurship: Reflections for the Visegrad Countries

Gaweł

Głodowska

2021

Administrative Sciences

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The gender gap in entrepreneurship has been observed for a long time, explained by both female-specific and gender-neutral factors, but none of these explanations is generally accepted. The aim of the paper is to assess the effect of internal economic dynamics on female entrepreneurship. Economic dynamics is a persistent process affected simultaneously by both endogenous and exogenous factors of a different time horizon, with the development trend and the business cycle as the most important time perspectives. The decomposition procedure of time series is implemented to extract trend and cyclical fluctuations, after which the Vector Error Correction Model (VECM) method is used to estimate models showing the impact of economic dynamics on female entrepreneurship in the long- and medium-run. The study concerns the countries of the Visegrad Group, including Czechia, Hungary, Poland, and Slovakia, and is based on quarterly data from the years 1998 to 2020. The results show that, although the economic dynamics impact female entrepreneurship, to some extent, it is not the most dominant factor. The impact of economic dynamics on female entrepreneurship is much stronger in the trend perspective than in the business cycle perspective. The nature of the effect of economic dynamics on female entrepreneurship is also country-specific.

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Section: Economic Dynamicsmentioning

confidence: 99%

On the Relationship between Economic Dynamics and Female Entrepreneurship: Reflections for the Visegrad Countries

Gaweł

Głodowska

2021

Administrative Sciences

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“…(b)Women-owned SMEs in Vietnam in the Covid-19 pandemic Small and medium-sized enterprises are particularly vulnerable to economic crises, especially with the unprecedented Covid-19 outbreak, and within the broader universe of SMEs, women-owned enterprises are even more exposed (Marjański& Sułkowski, 2021;Szostak & Sułkowski, 2021). There are discrepancies in terms of support provided and loan granted to women owned SMEs and such discrepancies are the product of documented biases, both conscious and unconscious.…”

Section: Age-factor Inequalitiesmentioning

confidence: 99%

Growing inequalities in the Covid-19 pandemic and their effect on women entrepreneurship: A case of Vietnam

Maheshwari

2021

IER

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The objective of this study is to provide a general overview regarding the increased inequality due to Covid-19 in various areas and this all had an integrated effect on women-owned small and medium-sized enterprises (SMEs) across the globe and in Vietnam. Research Design & Methods:The data is collected using various research papers and the reports accessing the inequalities across the world and in Vietnam. The methodology used is compiling the various reports to provide general overview as how Covid-19 has fuelled existing inequalities and providing overview of the situation the women-owned SMEs are facing in this challenging time of pandemic. Findings:The results from the study suggest that the inequalities in various areas have increased such as inequality between and within different countries, employment sector inequalities, gender inequalities, educational inequalities, age-related inequalities and all these has created a wider gap between the barriers faced by men and women across the globe. The women-owned SMEs has found to have the higher challenges in Vietnam as compared to men-owned SMEs. Implications & Recommendations:The current literature identified the increasing inequalities of women in various countries and particular in SMEs in Vietnam. There are several studies conducted in developed countries to determine the challenges faced by women entrepreneurs, but there is dearth of studies conducted in Vietnam, especially to study the effect of Covid-19 on the women entrepreneurs. It is important to conduct this kind of study in Vietnam on women SMEs to study the impact of Covid-19 to understand the barriers the women might have faced and how the government can provide the appropriate support to women entrepreneurs in the future which further can help in empowering the women in Vietnam and helping the economy to grow. Contribution & Value Added:This paper provides the general overview of increased inequalities in various areas and in particular women-owned SMEs in Vietnam which is not summarized in earlier studies conducted in Vietnam and hence this study aims to contribute to fill this gap in the literature and provided an avenue for the future research.

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“…A prime example is the group of family SMEs, which had even more severe constraints than most other SMEs. These firms are highly vulnerable to the effects of the coronavirus pandemic, and are, in general, lacking in the knowhow and capability for alleviating them [10]. For family SMEs, it is imperative to obtain said knowhow, and to have a clear idea about how they can survive a crisis such as the coronavirus pandemic.…”

Section: Introductionmentioning

confidence: 99%

Changes in the Innovation- and Marketing-Habits of Family SMEs in the Foodstuffs Industry, Caused by the Coronavirus Pandemic in Hungary

2022

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The economic specialties caused by the global coronavirus pandemic completely changed everyday life regarding certain sectors. For the small and medium enterprises, processing during the pandemic held several significant challenges, such as: cost-efficient operations, hardship of keeping employees, efficient management of innovation and various corporate activities, keeping the customers, etc. Many enterprises saw severe damages indirectly from the coronavirus pandemic, as society itself had its habits significantly changed, thereby necessitating changes in strategy for small and medium enterprises, most notably for local service providers and producers that have no delivery service. In order to solve the issue at hand, several governments tried applying a variety of solutions—mostly by financing the enterprises in question. The goal of the authors is to understand the current operation of innovation initiatives that small and medium enterprises have post-COVID-19, and to obtain a clear view on changes in marketing habits. Furthermore, the analysis concentrates on the following: the state of family SMEs dealing in foodstuffs, and how to create a future view for such members of the sector by identifying best practices. Using data collected during 2020 and 2021, and employing descriptive statistics and a conjoint analysis, the authors wished to see how the coronavirus pandemic affected SMEs, detect the changes in their marketing and innovation policy due to the pandemic, and help them create core business strategy via consumer feedback. Authors found that SMEs had to innovate by 2021 beyond their 2019 expectations, and that customers had partially validated their endeavors through their answers.

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Consolidation strategies of small family firms in Poland during Covid-19 crisis

Cited by 33 publications

References 66 publications

On the Relationship between Economic Dynamics and Female Entrepreneurship: Reflections for the Visegrad Countries

On the Relationship between Economic Dynamics and Female Entrepreneurship: Reflections for the Visegrad Countries

Growing inequalities in the Covid-19 pandemic and their effect on women entrepreneurship: A case of Vietnam

Changes in the Innovation- and Marketing-Habits of Family SMEs in the Foodstuffs Industry, Caused by the Coronavirus Pandemic in Hungary

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