The Negative Impact of Covid-19 on Firms: Insights from Serbia

Adžić, Slobodan; Al-Mansour, Jarrah

doi:10.1080/00128775.2021.1953387

Cited by 15 publications

(4 citation statements)

References 22 publications

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“…Several studies have looked into the negative impact of the COVID-19 pandemic on different sectors and the contraction of economic activities (Sun et al. , 2021; Adžić and Al-Mansour, 2021; Mustapa and Mohamad, 2021; Akpan et al. , 2022; Barro et al.…”

Section: Literature Reviewmentioning

confidence: 99%

“…, 2020). Another major reason for the failure of businesses was the inability to innovate which created financial stability for the firm (Adžić and Al-Mansour, 2021). To support the businesses various schemes were introduced by the governments around the world (Assefa, 2021).…”

Section: Literature Reviewmentioning

confidence: 99%

“…Several studies have looked into the negative impact of the COVID-19 pandemic on different sectors and the contraction of economic activities (Sun et al, 2021;Ad zi c and Al-Mansour, 2021;Mustapa and Mohamad, 2021;Akpan et al, 2022;Barro et al, 2020). As a result of extensive shutdowns and supply chain disruptions, production has been reduced (Kumar et al, 2022b).…”

Section: Nature and Impact Of The Msme Sectormentioning

confidence: 99%

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Adoption of ICTs as an emergent business strategy during and following COVID-19 crisis: evidence from Indian MSMEs

Kumar

Verma

Mittal³

et al. 2022

BIJ

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PurposeThis study aims to identify how ICT appeared as an emergent business strategy and to investigate the impact of ICT adoption factors on the perceived benefits of micro, small and medium enterprises (MSMEs).Design/methodology/approachA total of 393 responses from Indian small and mid-size enterprises (SMEs) were collected for the final analysis. The study presents the partial least-squares structural equation modeling with the Chi-square test and descriptive analysis as a methodology based on numerous independent variables and one dependent variable.FindingsThe findings indicate that ICT adoption during and following the COVID-19 pandemic is constant in nature of the enterprise. Moreover, the results indicate that different adoption of ICT factors influence on perceived benefits of organizational performance of Indian MSMEs that lent good support except for the regulatory framework.Research limitations/implicationsThe implications of the current research help Indian MSMEs to take investment decisions in various technologies that help the organization. Furthermore, managers and practitioners help the organization in deciding which technology adoption factors are more critical to the betterment of the organization.Originality/valueThe study found certain ICT adoption factors that have a significant role in organizational performance in Indian MSMEs. Moreover, during COVID-19, investigate ICTs' role as a business strategy.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Section: Nature and Impact Of The Msme Sectormentioning

confidence: 99%

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Adoption of ICTs as an emergent business strategy during and following COVID-19 crisis: evidence from Indian MSMEs

Kumar

Verma

Mittal³

et al. 2022

BIJ

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“…According to one study [2], the incentive measures of the Government of Serbia and the Central Bank of Serbia during pandemic have been almost completely annulled by the threats caused by the Covid-19 pandemic. According to another study [22], the overall impact of COVID-19 on the business operations of SMEs is perceived as negative, with the most negative impact associated with market operations of product/service firms, the less negative impact recorded in the segments of logistics and business activities organization, and the least negative impact recorded in the segment of financial organization.…”

Section: Finance Industry Issues Caused By the Covid-19 Pandemicmentioning

confidence: 99%

Determining the Impact of COVID-19 pandemic on the financial system of Serbia

Adžić¹,

Milunović²,

Vuković³

et al. 2022

Ekonomika preduzeća

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The coronavirus disease has induced financial stress by destabilizing national economies, financial capital markets, financial management, financial markets, and commodity prices. The aim of the authors is to determine the impact of COVID-19 on the financial system of Serbia. For the purposes of this exploratory study, the authors developed a research scale "Impact of COVID-19 on Financial System" and conducted a quantitative survey () to understand and explain the problems and perspectives of the finance industry during the outbreak of the COVID-19 pandemic. The overall result of the success of the measures taken during the pandemic leads us to the conclusion that the financial sector in Serbia managed to survive during the pandemic with great efforts. The financial industry preserved its position mainly due to the successful digitalization and online banking transition. The authors concluded that the financial system in Serbia was efficient and sustainable during the COVID-19 pandemic and that the Serbian financial system could maintain its strong position even after the end of the COVID-19 pandemic.

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