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1 – 10 of over 25000
Article
Publication date: 18 October 2022

Rupika Khanna, Chandan Sharma and Abhay Pant

This paper provides new evidence on Indian tourism firms by investigating the role of a firm's financial conditions typified by its leverage, earnings, size, cash holdings, and…

Abstract

Purpose

This paper provides new evidence on Indian tourism firms by investigating the role of a firm's financial conditions typified by its leverage, earnings, size, cash holdings, and excess cash in moderating the pandemic-led idiosyncratic volatility in its stock prices.

Design/methodology/approach

The authors employ a firm-level panel comprising 82 publicly-listed tourism firms from India. Firm risk is estimated for the period beginning January 2020 to December 2020.

Findings

This paper finds non-linear effects of the pandemic on the idiosyncratic risk of the sample firms. Precisely, stock price volatility rises, but as the market absorbs this information, volatility subsides even as the disease spreads further. Further, lower levels of past debt and earnings and higher cash holdings ameliorate the pandemic's effects on tourism firms' risk. Contrasting the view that “excess” cash reflects poor operational performance, we show that “excess” cash firms are better prepared to face the adverse effects of the pandemic.

Research limitations/implications

This study’s sample period fully encompasses the first wave of the pandemic (January–December 2020) of the novel coronavirus infection spread.

Originality/value

To the best of the authors’ knowledge, this is the first study to assess the moderating effects of company fundamentals on the risk of Indian tourism firms. In doing so, the authors account for non-linear effects of the pandemic on firms' idiosyncratic volatility over time.

Details

International Journal of Emerging Markets, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1746-8809

Keywords

Article
Publication date: 13 October 2022

Zeynep Özgüner, Mert Özgüner and Yakup Durmaz

The purpose of this study is to evaluate the effects of COVID-19 on the Turkish manufacturing sector by using analytical hierarchy process (AHP) and Technique for Order Preference…

Abstract

Purpose

The purpose of this study is to evaluate the effects of COVID-19 on the Turkish manufacturing sector by using analytical hierarchy process (AHP) and Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) methods on a sectoral basis. In this way, the sectors that had the highest negative effects of COVID-19 will be determined. Thanks to the findings to be obtained as a result of this study, it will be possible for decision-makers to develop strategies that may differ on a sectoral basis at the point of combating the pandemic.

Design/methodology/approach

The negative effects of COVID-19 were revealed by a large literature search. The importance levels of the factors determined within the scope of finance, supply, production and workforce were determined by the AHP method. Then, the TOPSIS method was used to determine which sectors were more affected by the COVID-19 pandemic, based on these factors.

Findings

The findings of this study obtained reveal that the most important negative effect of COVID-19 was on businesses in terms of reduced sales caused by domestic sales and export. Again, the findings show that the sector most affected by COVID-19 is automotive, which shows that the least affected sector is the pharmaceutical and medical equipment sector.

Practical implications

Primary data was used to determine the criteria weight. Therefore, there is a possibility that the answers are not objectively evaluated. The findings are limited to the criteria that was used, the views of the professionals and AHP-TOPSIS methods. Studies that use more criteria and different decision-making methods can have different results.

Originality/value

The manufacturing sector is at the forefront of the sectors affected by the global bottleneck caused by COVID-19. In this study, the effects of the COVID-19 pandemic on the Turkish manufacturing sector are discussed on a sectoral basis. Studies in the literature have revealed that the effects of pandemics such as COVID-19 vary between sectors. For this reason, it is important to evaluate the effects of COVID-19 from a sectoral perspective. Thanks to this study, it is thought that it will be possible to take measures that may differ between sectors to combat the negative effects of COVID-19.

Details

Journal of Business & Industrial Marketing, vol. 38 no. 7
Type: Research Article
ISSN: 0885-8624

Keywords

Article
Publication date: 23 August 2022

Ru-xin Nie, Kwai-sang Chin, Zhang-peng Tian, Jian-qiang Wang and Hong-yu Zhang

The purpose of this paper is exploring the effects of segment dynamic and temporal dynamic triggered by the COVID-19 pandemic on classifying service quality attributes, thereby…

Abstract

Purpose

The purpose of this paper is exploring the effects of segment dynamic and temporal dynamic triggered by the COVID-19 pandemic on classifying service quality attributes, thereby formulating improvement strategies to satisfy customers and respond to threats.

Design/methodology/approach

Given the dynamics of the attractive quality theory, this paper designs a framework with four phases by embedding techniques of text mining and deep learning based on evidence from online reviews.

Findings

This paper figures out dynamics of service quality attributes for distinct segments and their dynamic proportion along with different stages of the pandemic. Another finding demonstrates segment dynamic and temporal dynamic effects of sentiments toward service quality attributes on customer satisfaction under the impacts of pandemic. Classification results and improvement strategies are derived for varying segments at different pandemic situations.

Practical implications

This paper reveals dynamic effects on classifying service quality attributes, which contributes to assisting hospitality practitioners from different segments in improving service quality when facing with the challenges of crisis and potential risks.

Originality/value

Given hospitality industry is time- and segment-sensitive, the authors achieve the quantification of dynamics of attractive quality theory and extend it into hospitality marketing and crisis management from the perspective of dynamics with evidence from online reviews.

Details

International Journal of Contemporary Hospitality Management, vol. 35 no. 1
Type: Research Article
ISSN: 0959-6119

Keywords

Book part
Publication date: 19 April 2023

Antje Schwarz, Ayhan Adams and Katrin Golsch

This study analyzes the effects of gender and occupational status differences on parents’ work-to-family conflicts, comparing COVID-19 pandemic and pre-pandemic periods. It is…

Abstract

This study analyzes the effects of gender and occupational status differences on parents’ work-to-family conflicts, comparing COVID-19 pandemic and pre-pandemic periods. It is examined whether this association is mediated by parents’ telework. Theoretically, we use the work/family border theory and flexible resource versus greedy role perspectives to shed light on the gender- and status-related use of telework and illustrate the influence of flexible working practices on parents’ work-to-family conflicts. Using moderated mediation analysis combined with bootstrapping, we analyze data from two waves of the German Family Panel (pairfam), covering pre-pandemic (2017/18, 2019/2020) and pandemic periods (2020) (N = 3,315). Our results show higher work-to-family conflicts for parents with higher occupational status as well as teleworking parents. Furthermore, we find supporting evidence for the mediation from occupational status to work-to-family conflicts via telework, with a slightly stronger relationship among mothers than fathers. Under the consideration of the pandemic, the mediating effect was only provable for mothers but not for fathers. However, the mediating effect of telework does not strengthen under the pandemic conditions. Our findings support the greedy role perspective, in particular for employees with higher-status occupations, and the assumption of a negative influence of work–family integration through telework for work-to-family conflicts.

Details

Flexible Work and the Family
Type: Book
ISBN: 978-1-80455-592-7

Keywords

Article
Publication date: 3 January 2023

Mohammad Monirul Islam and Farha Fatema

This study examines the survival probability of the firms during the COVID-19 pandemic and identifies the effects of pandemic-era business strategies on firm survival across…

Abstract

Purpose

This study examines the survival probability of the firms during the COVID-19 pandemic and identifies the effects of pandemic-era business strategies on firm survival across sectors and sizes.

Design/methodology/approach

This study combines World Bank Enterprise Survey data with three consecutive follow-up COVID-19 survey data. The COVID-19 surveys are the follow-up surveys of WBES, and they are done at different points of time during the pandemic. Both WBES and COVID-19 surveys follow the same sampling methods, and the data are merged based on the unique id number of the firms. The data covers 12,551 firms from 21 countries in different regions such as Africa, Latin America, Central Asia and the Middle East. The study applies Kaplan–Meier estimate to analyze the survival probability of the firms across sectors and sizes. The study then uses Cox non-parametric regression model to identify the effect of business strategies on the survival of the firms during the pandemic. The robustness of the Cox model is checked using the multilevel parametric regression model.

Findings

The study's findings suggest that a firm's survival probability decreases during the pandemic era. Manufacturing firms have a higher survival probability than service firms, whereas SMEs have a higher survival probability than large firms. During the pandemic period, business strategies significantly boost the probability of firm survival, and their impacts differ among firm sectors and sizes. Several firm-specific factors affect firm survival in different magnitudes and signs. Except in a few cases, the findings also indicate that one strategy positively moderates the influence of another strategy on firm survival during a pandemic.

Originality/value

COVID-19 pandemic has drastically affected the business across the globe. Firms adopted new business processes and strategies to face the challenges created by the pandemic. The critical research question is whether these pandemic-era business strategies ensure firms' survival. This study attempts to identify the effects of these business strategies on firms' survival, focusing on a comprehensive firm-level data set that includes firms from different sectors and sizes of countries from various regions.

Details

Management Decision, vol. 61 no. 3
Type: Research Article
ISSN: 0025-1747

Keywords

Article
Publication date: 10 September 2021

Kholoud M. AbdelMaksoud, Heba M.R. Hathout and Samar H. Albagoury

This study explored the impact of COVID-19 on the petroleum sector in Egypt, both economically and socially. Of all sectors of the economy, the oil industry has been one of the…

Abstract

Purpose

This study explored the impact of COVID-19 on the petroleum sector in Egypt, both economically and socially. Of all sectors of the economy, the oil industry has been one of the most negatively impacted by the pandemic, with oil prices plummeting at the start of the pandemic. Use to decrease demand. This paper aimed to analyse the main economic and social effects of the pandemic on the Egypt oil industry through an examination of the macroeconomic data reflected in the Egyptian balance of payments, the country's general budget and the oil industry's performance data. The study also conducted a survey of a set of workers from the Egyptian petroleum sector. The study thus concluded two levels of analysis; a macrolevel and a micro level analysis of the effect of COVID-19 on the Egyptian oil industry.

Design/methodology/approach

The paper builds upon the experience gained from evaluating market change caused by COVID-19 (Agosta et al., 2020), to analyse the socioeconomic implications of COVID-19 on the Egyptian oil industry. This study employed a survey analysis of questionnaires filled by on a sample of workers in the petroleum sector in Egypt. Data were analysed using the SPSS software, version 18.0. Descriptive analysis was reported as frequencies and percentages. The macroeconomic impact analysis was done by analysing macro-economic data pertaining the oil industry's levels of production as well as the data pertaining to Egypt's external balance of payment and public finance.

Findings

The paper concludes that although the COVID-19 pandemic had negatively impacted the socioeconomics of oil sector workers, reducing their incomes and costing them jobs, these effects appeared to be short term effects that could be minimised with the end of the pandemic and be mitigated through the adequate social and economic policies. No permanent socioeconomic losses were thus deemed to be a serious concern with respect to these workers. The study also concluded that, macroeconomically, lower global oil prices has had a net positive effect on the Egyptian economy as the causing an expected shrinkage of the overall trade deficit. It also has reduced the national budget deficit and has helped mobilise money into the economy, financing both investments and social expenses.

Research limitations/implications

The survey was very hard to reach, where lot of workers in the petroleum sector (governmental) refused to answer the questions.

Practical implications

Some African countries may not have all the necessary most recent data of economic indicators needed to ascertain with certainty the economic impact of the COVID-19 pandemic. And, at the event that data are completely available, analysts must consider that any worsening of the economy may not stem directly from the pandemic itself. Causality has to be clearly established. The survey therefore focused on the attitudes and perceptions of oil sector workers, irrespective of whether a given indicator had been affected by the pandemic or is seen likely to be affected by it in the future. All those responding have reported the belief that economic indicators, such as GDP growth, inflation and trade had been impacted negatively by the spread of COVID-19. They also believed the effects of the pandemic on transport to have had direct effects on the oil industry.

Social implications

The social impact of the pandemic was less apparent, particularly among governmental sector workers compared with those in the private sector. However, freelancers have reported some issues that may be become more apparent through aggregated data.

Originality/value

This study has presented some preliminary estimates of the impact of the COVID-19 outbreak on petroleum sector in Egypt. The goal was not to be definitive about the virus outbreak, but rather to provide information about a range of possible economic costs of the disease. While, a detailed quantification of the socioeconomic impact of the coronavirus pandemic may not be feasible, it is still useful to identify possible transmission channels through which the pandemic may affect the Egypt economy and society. It is also useful to identify key issues that are likely shape short- and medium-term socioeconomic prospects in Egypt as a result of the COVID-19 pandemic outbreak in Egypt.

Details

International Journal of Social Economics, vol. 49 no. 1
Type: Research Article
ISSN: 0306-8293

Keywords

Book part
Publication date: 1 June 2022

Cinzia Rienzo

This chapter presents an evaluation of the literature on the effect of the pandemic on mental health. It draws mainly on the existing economics literature and presents the state…

Abstract

This chapter presents an evaluation of the literature on the effect of the pandemic on mental health. It draws mainly on the existing economics literature and presents the state of the art of the COVID-19 effect on mental health. While paying particular attention to how the deterioration of mental health evolved over time and across countries, this chapter also considers variation of mental health across individual demographic characteristics as well as different circumstances through which mental health has been affected. Moreover, it provides a general assessment of the methodological aspects of various studies, by discussing the sample and data used, measures of mental health as well as causality issues. Overall, researchers for various countries around the world adopting different measures of mental health, often non-comparable samples and different methodologies document consistently that the level of mental health has been deteriorated during the pandemic, with the negative effect of the lockdown on mental health being evident in the early stage of the pandemic and on the whole population. Findings point out to a high degree of heterogeneity within demographic groups.

Details

The Economics of COVID-19
Type: Book
ISBN: 978-1-80071-694-0

Keywords

Open Access
Article
Publication date: 16 June 2021

Andrea Runfola, Matilde Milanesi and Simone Guercini

This paper aims to investigate how the COVID-19 pandemic has affected the interaction in a business-to-business (BtoB) setting and the emerging relational dynamics. The COVID-19…

2608

Abstract

Purpose

This paper aims to investigate how the COVID-19 pandemic has affected the interaction in a business-to-business (BtoB) setting and the emerging relational dynamics. The COVID-19 pandemic is having a strong impact on BtoB markets in terms of the stop of production, the difficulty of coping with payments, restrictions on the flows of people and goods within national and international markets. The paper discusses that the effects of worldwide lockdowns, social distancing and other related restrictions undermine one of the salient features of business relationships, namely interaction.

Design/methodology/approach

The paper relies on a qualitative interpretivist approach based on the data collected from in-depth interviews with key informants and secondary sources. The fashion industry is taken as an emblematic case, given the relevance of BtoB relationships, especially those between global fashion brands and their suppliers, and the dramatic impact of the pandemic.

Findings

The paper shows four effects in terms of relational dynamics. The freezing effect is the maintaining of interaction at minimum operating levels capable of ensuring survival for both interacting actors. The ripple effect can be conceived as a negative effect of the pandemic related to the weakening of the freezing effects in interactions along the supply chain. The rebound effect is a sudden increase in interactive processes among existing relationships. The vicious effect is a negative effect of the pandemic on the interaction that refers to the decay of existing interaction and their ending.

Originality/value

This study fits into the current period of the COVID-19 pandemic to stress the role of interaction involving people and businesses as a key to restart. The paper suggests managerial implications to respond to the pandemic in the short term and to set the basis for future opportunities.

Details

Journal of Business & Industrial Marketing, vol. 36 no. 13
Type: Research Article
ISSN: 0885-8624

Keywords

Article
Publication date: 15 November 2023

Cinara Gambirage, Alvaro Bruno Cyrino, Jaison Caetano da Silva, Luiz Gustavo Medeiros Barbosa and Ronaldo Couto Parente

When entrepreneurship scholars and policy makers turned their attention to entrepreneurial ventures during the COVID-19 pandemic (2019–2023), its full effects on entrepreneurial…

Abstract

Purpose

When entrepreneurship scholars and policy makers turned their attention to entrepreneurial ventures during the COVID-19 pandemic (2019–2023), its full effects on entrepreneurial firms and systems presented radically challenging questions and unresolved puzzles. In this paper, the authors shed light on these questions and puzzles with a large-scale empirical examination of the pandemic's overall effects on entrepreneurs, entrepreneurial firms, entrepreneurial environments and responses with a view toward success and failure over time.

Design/methodology/approach

The authors adopt a broad exploratory approach and examine different perspectives to develop a deeper understanding of the COVID-19 pandemic's effects on entrepreneurs, entrepreneurial firms, entrepreneurial environments and responses especially regarding the success and failure of entrepreneurial ventures during the pandemic. Thus, the authors built a dataset with 10 survey waves from 2020 to 2021, with an average of 7,000 Brazilian entrepreneurial ventures (SMEs) in each wave of the survey. The authors used this data to examine their performance and survival.

Findings

The findings suggest that the increase of the COVID-19 virus contagion per se did not severely affect entrepreneurial ventures' performance and survival. However, the worsening of the COVID-19 pandemic did weaken entrepreneurial ventures' performance and survival. Moreover, the findings suggest that entrepreneur education has an inverted U-shaped relationship with entrepreneurial ventures performance. Indigenous, Brown and Black entrepreneurs experienced decreased entrepreneurial ventures survival compared to White entrepreneurs. While entrepreneurial ventures that adopted digital technologies and had access to loans increased their performance and survival during the COVID-19 pandemic, those who failed in these aspects experienced negative performance and survival effects. Thus, although the COVID-19 pandemic severely impacted many entrepreneurial ventures and even forced some to close, others survived and even prospered during the environmental shock.

Originality/value

The paper sheds light on a little understood topic: entrepreneurial venture success and failure in the COVID-19 pandemic.

Details

Journal of Small Business and Enterprise Development, vol. 30 no. 7
Type: Research Article
ISSN: 1462-6004

Keywords

Article
Publication date: 26 September 2023

Jing Jian Xiao and Kexin Meng

This paper aims to examine and compare the associations between financial capability and financial anxiety (FA) before and during the coronavirus disease 2019 (COVID-19) pandemic

189

Abstract

Purpose

This paper aims to examine and compare the associations between financial capability and financial anxiety (FA) before and during the coronavirus disease 2019 (COVID-19) pandemic. Specifically, financial capability is measured by three indicators: financial knowledge, financial behavior and financial confidence. This study also examines and compares the association among different income groups before and during the pandemic.

Design/methodology/approach

Data are from 2018 to 2021 National Financial Capability Study (NFCS). Structural equation modeling (SEM) is employed to examine the direct and indirect associations between financial capability factors and FA. Furthermore, this paper also conducts multi-group SEM for three income groups to examine the heterogeneous effects of household income.

Findings

Both before and during the pandemic, financial knowledge is directly positively and financial behavior is directly negatively associated with FA. In addition, both financial knowledge and financial behavior are positively associated with financial confidence, which in turn is negatively associated with FA. However, when taking the indirect effects into consideration, the total effects of financial capability factors on FA are all negative. Furthermore, the pandemic has intensified the negative association between financial behavior and FA rather than financial knowledge or financial confidence. Multi-group SEM shows that the positive direct effects of financial knowledge are only significant in the low-income group, while the negative direct effects of financial behavior are only significant in the low- and middle-income groups before the pandemic. However, direct effects of financial knowledge and financial behavior are significant in all income groups during the pandemic.

Originality/value

First, this study specifies a construct, financial confidence, to proxy perceived financial capability. Second, it examines the mediating role of financial confidence in the association between the other two financial capability factors (financial knowledge and financial behaviors) and FA. Third, it also compares the associations between financial capability factors and FA before and during the COVID-19 pandemic.

Details

International Journal of Bank Marketing, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0265-2323

Keywords

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