Evaluation of the selected economic parameters of Czech companies and their potential for overcoming global crises during the Covid-19 pandemic

Even though the importance of economic resilience has increased as economic shocks have become more frequent in the world, there is still a knowledge gap on how to measure it. In search for effective ways to measure national resilience, this article identifies and mathematically proves the existence of direct correlation between resilience and competitiveness through time-specific global correlation rate. This research proposes an economic performance evaluation method that measures the competitiveness of countries facing economic shocks and recovering from them. A quantified method for identification of global economic shocks through industrial portfolio is proposed as well. The holistic approach internalises most externalities and a nation’s resilience is pared down to its ability to compete in the international trade, linking the main determinants of resilience to the basics of human behaviour. The proposed methodology can be used effectively for national and global economic performance estimations. It also opens a range of new possibilities for economic resilience studies.

Section: Literature Reviewmentioning

confidence: 99%

Measuring national economic resilience through industrial portfolios

Montrimas,

Bruneckienė,

Navickas

et al. 2024

“…Regarding this, more SMEs are nowadays exhibiting inherent capability to undertake technological innovations in different economic development (Fedorko et al 2021). However, such innovative capacity and ability to innovate new products, processes, and services largely vary significantly depending on the size of the firm, its focus, resources, and above all the business environment in which they operate (Kudej et al 2021). According to , SMEs through their innovations and business opportunities engages prospects and create value for their customers by maintaining relationships, enhancing collaborations (Grondys et al, 2021).…”

Section: Innovations and Business Opportunitiesmentioning

confidence: 99%

Enhancing SME contribution to economic development: A perspective from an emerging economy

Amoah

Belás

Dziwornu

et al. 2022

Small-medium enterprises (SMEs) have a huge and not fully maximized potential to address the socio-economic challenges that emerging economies are facing. This study assessed the contributions of SMEs in an emerging economy, using ADANCO version 2.0 of the partial least square structural equation model (PLS-SEM). A pre-tested structured questionnaire was used to collect data from 375 employees of SMEs in the fashion, microfinance, and hospitality sectors in four major business regions in Ghana, namely the Greater Accra, Central, Western and Ashanti Regions. The results reveal that SMEs continue to provide maximum support and contributions to Gross Domestic Product (GDP), as well as employ about 70 percent of the entire working population. The study recommends that SMEs should receive greater attention from the government through appropriate tailor-made policies to support and assist them to unleash their full potential to enhance economic growth.

“…Hu and Zhang (2021) report worldwide corporate performance deterioration in return on assets, discussing both national and company factors. Kudej et al (2021) provide evidence on the financial company characteristics and their performance during the health crisis in the Czech Republic. Zheng (2021) analyses corporate investment, profitability, financing activity, and payout policy for US companies, and reveals that they were negatively affected by the pandemic.…”

Section: Literature Reviewmentioning

confidence: 99%

Managing company value in times of COVID-19 turbulences: Winners and losers in Central Europe

Lizińska¹,

Czapiewski²,

Kubiak³

2022

This research adds to the growing literature on impact of the COVID-19 global turmoil on corporate financial performance. Changes in company value are continuous market processes. However, the pandemic has triggered many shock changes, including unprecedented turbulences in most business mechanisms. Our research provides empirical assessment of the market process of value migration across industries in Central Europe in several dimensions. The estimates of market value added and synthetic measure of value migration show substantial differences between industries. The study provides a classification of business designs by development stages and details significant changes in operating performance in response to the health and economic turmoil. Our findings on differences in industries’ vulnerability to shock changes have important implications for managers, shareholders, lenders, and other company stakeholders.