2021
DOI: 10.1080/1331677x.2021.1922090
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The impact of covid-19 on financial management: evidence from Romania

Abstract: The COVID-19 pandemic has disrupted every facet of life globally. Business and commerce are key areas where the monetary crunch has been acutely felt. This study aims to analyze the various key changes in entities' activities to evaluate the level of business performance in response to the COVID-19 pandemic. For this purpose, we use panel data analysis on 218 Romanian listed companies of different sizes (big and small) and belonging to different business sectors for the period June 30, 2019-June 30, 2020. We f… Show more

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Cited by 40 publications
(38 citation statements)
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References 42 publications
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“…Penurunan supply dan demand tentunya mengakibatkan turunnya kemampuan perusahaan menjual produknya. Menurut Achim et al (2021) terjadi penurunan laba bersih secara keseluruhan sebesar 37,43% di periode COVID-19. Caraka et al (2020) juga menyatakan adanya kerugian ekonomi, industri dan perusahaan akibat pembatasan sosial di masa pandemi.…”
Section: Kajian Teoriunclassified
See 1 more Smart Citation
“…Penurunan supply dan demand tentunya mengakibatkan turunnya kemampuan perusahaan menjual produknya. Menurut Achim et al (2021) terjadi penurunan laba bersih secara keseluruhan sebesar 37,43% di periode COVID-19. Caraka et al (2020) juga menyatakan adanya kerugian ekonomi, industri dan perusahaan akibat pembatasan sosial di masa pandemi.…”
Section: Kajian Teoriunclassified
“…Penurunan penjualan tentunya akan memengaruhi laba bersih dan profitabilitas perusahaan terutama apabila perusahaan tidak mampu mengurangi biaya-biaya yang ada baik biaya operasional maupun non operasional. Penelitian ini sejalan dengan penelitian Fu and Shen (2020); (Uluwiyah, 2020); Achim et al (2021). Namun tidak sejalan dengan penelitian Devi, Warasniasih and Masdiantini (2020).…”
Section: Diskusiunclassified
“…The current situation in the world caused by the COVID-19 pandemic has confirmed the need to be prepared for adverse situations in the business environment (Achim et al, 2021;Kljucnikov et al, 2021). Changes in the business environment, slowdowns in economic development, declines Hudakova, M., Gabrysova, M., Petrakova, Z., Buganova, K., & Krajcik, V. (2021).…”
Section: Introductionmentioning
confidence: 99%
“…Finalmente, tal como encuentran Franco et al (2019) para Ecuador, las empresas más pequeñas en el Perú tampoco acceden en gran medida al financiamiento a través del sistema financiero, incluso en el periodo prepandemia, por lo que el incremento en los problemas de liquidez de las empresas incrementa su nivel de vulnerabilidad. Ello es complementado por lo hallado por Achim et al (2021) para las empresas en Rumania, quienes destacan también la importancia del financiamiento y la liquidez en el resultado obtenido por las empresas que sufrieron los efectos de la pandemia del COVID-19.…”
Section: Pruebas Estadísticas Valoresunclassified