Major structural changes in the EU policies due to the problems and risks caused by COVID-19

Androniceanu, Armenia

doi:10.24818/amp/2020.34-08

Cited by 53 publications

(50 citation statements)

References 43 publications

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“…The COVID-19 pandemic has contributed to an increase in the probability of individual business risks [ 52 , 53 ]. Their minimization in this respect requires a new approach to systemic risk management which includes pandemic risk.…”

Section: Literature Reviewmentioning

confidence: 99%

Risk Assessment of the SME Sector Operations during the COVID-19 Pandemic

Grondys

Ślusarczyk

Hussain

et al. 2021

IJERPH

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The subject matter of the article relates to the assessment of the perception of selected types of risk in economic activities of the SME sector, which change their intensity as a result of the outbreak of the COVID-19 pandemic. The current economic downturn is unprecedented and involves many companies and industries that have faced new, previously unknown challenges and threats. The objective of the article is to identify the most important risks and their resources based on the empirical research carried out in small and medium-sized enterprises in Poland. The formulated objective was accomplished using the data collection method, i.e., the survey and reports on the condition of the SME sector in Poland as well as statistical data analysis methods, i.e., structure index and the analysis of variance, using the SPSS system. The process of primary data collection was carried out by means of an electronic survey among selected enterprises of the SME sector, conducting business activities in Poland. In the study, the employment factor was taken into account as a determinant of the perception and assessment of the intensity of selected risks arising from the economic activity in the Polish market in the conditions of the current economic downturn. On the basis of the obtained results, the impact of market, economic, financial and operational risks, depending on their intensity, on the functioning of micro-, small and medium-sized enterprises was identified. Based on the analysis of variance, the effect of the size of the company on the level of individual risks was also examined. As a result of the observations made, it was established that, during the pandemic, the level and type of risk is similar in all the surveyed enterprises. They are most often threatened by strong competition in the industry, an increase in energy prices and insufficient profit. The overall results of the empirical research indicate the importance and the need to manage the key threats to the Polish SME sector.

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Section: Literature Reviewmentioning

confidence: 99%

Risk Assessment of the SME Sector Operations during the COVID-19 Pandemic

Grondys

Ślusarczyk

Hussain

et al. 2021

IJERPH

Self Cite

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“…Support should be provided by HICs to those that have less capacity to produce necessary medical equipment and materials. 58…”

Section: Resultsmentioning

confidence: 99%

“…Specific examples were fiscal stimulus packages, bailouts to ensure business continuity, 68 cash transfers, 68 wage subsidies, and tax rebates. 26 Regional collaboration and coordination among countries and institutions in the European region 58,68 and the East Asian region 69 were recommended as critical to mitigate and isolate the effects of pandemic shocks, particularly important in the East Asian region so that less developed states receive assistance in risk management and risk sharing. 69 Carefully designed bailout packages were also recommended to ensure business continuity.…”

Section: Resultsmentioning

confidence: 99%

“…Support should be provided by HICs to those that have less capacity to produce necessary medical equipment and materials. 58 Environmental sustainability: Empirical research has shown that previous economic crises presented opportunities to implement essential elements of future sustainable energy solutions and transportation, generating jobs without having a negative influence on governmental expenditures. 59 Recovery from the COVID-19 pandemic may be an opportunity for a global shift toward a more circular economy and implementation of essential elements of sustainable energy solutions.…”

Section: Protecting Jobsmentioning

confidence: 99%

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COVID-19 Economic Response and Recovery: A Rapid Scoping Review

et al. 2021

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This rapid scoping review of existing evidence and research gaps addressed the following question: what research evidence exists and what are the research gaps at global, regional, and national levels on interventions to protect jobs, small- and medium-sized enterprises, and formal/informal sector workers in socioeconomic response to the coronavirus disease 2019 (COVID-19) pandemic? The results are based on 79 publications deemed eligible for inclusion after the screening and prioritizing of 1,658 records. The findings are organized according to the 3 main categories of socioeconomic interventions—protecting jobs, enterprises, and workers—although the 3 are intertwined. Most results were derived from global-level gray literature with recommendations for interventions and implicit links to the sustainable development goals. Based on research gaps uncovered in the review, future implementation science research needs to focus on designing, implementing, evaluating, and scaling: effective evidence-based socioeconomic interventions; equity-focused, redistributive, and transformative interventions; comprehensive packages of complementary interventions; interventions to upend root causes of systemic social inequities; collaborative and participatory approaches; interventions that integrate environmental sustainability; and city-level interventions. Failing to consider the environmental dimensions of economic recovery is shortsighted and will ultimately exacerbate social inequities and poverty and undermine economic stability in the long term.

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“…Redirecting will help them in identifying the needs of the community, such as face masks, shields, and online grocery services, which have become the essentials for surviving. Also, a hike is seen in taxi startup businesses (Androniceanu 2020).…”

Section: Finding Opportunities Amid the Crisis Is Agility Crucialmentioning

confidence: 99%