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

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dc.title Evaluation of the selected economic parameters of Czech companies and their potential for overcoming global crises during the COVID-19 pandemic en
dc.contributor.author Kudej, Michal
dc.contributor.author Gavurová, Beáta
dc.contributor.author Rowland, Zuzana
dc.relation.ispartof Journal of International Studies
dc.identifier.issn 2071-8330 Scopus Sources, Sherpa/RoMEO, JCR
dc.identifier.issn 2306-3483 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2021
utb.relation.volume 14
utb.relation.issue 1
dc.citation.spage 258
dc.citation.epage 275
dc.type article
dc.language.iso en
dc.publisher Centre of Sociological Research
dc.identifier.doi 10.14254/2071-8330.2021/14-1/18
dc.relation.uri https://www.jois.eu/files/18_1129_Kudej%20et%20al.pdf
dc.subject bankruptcy en
dc.subject financial crisis en
dc.subject financial indicators en
dc.subject financial stability en
dc.subject government support en
dc.subject pandemic crisis en
dc.description.abstract The aim of the study is to evaluate the potential of Czech companies in overcoming the pandemic crisis caused by Covid-19 on the basis of the selected economic parameters. To achieve this aim, development of Czech companies in the period of 2004-2018 has been analysed, which includes the periods before and during the financial crisis and the period of Czech economy growth. A thorough analysis of this period allows us to create an evaluation platform and formulate the assumptions as to what extent Czech companies are able to cope with another crisis caused by the Covid-19 pandemic. The research sample consists of 25,501 financially stable Czech companies of various sizes. 184,548 pieces of financial data from these companies are analysed using standard statistical methods, namely Kruskal–Wallis test. The results of the analyses show that in the case of Czech companies, the hypothesis of a significant impact of the financial crisis and the subsequent long recovery period is not confirmed. Czech companies show a relatively high resilience to the effects of the financial crisis of 2008 and the ability to overcome this crisis. Government measures to support the economy will play an important role in crisis management processes, enabling companies to survive in the worst stages of their operation and thus bridge the period of revenue losses and other negatives associated with the crisis. Based on the evaluation of the post-crisis development, we can state that Czech companies with appropriate government support will be able to overcome the negative consequences of the pandemic crisis caused by Covid-19. The results of the study have several implications for policy-making and are also beneficial for the development of a methodological platform and the creation of national and international benchmarking indicators. © Foundation of International Studies, 2021 and CSR, 2021. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1010320
utb.identifier.obdid 43882516
utb.identifier.scopus 2-s2.0-85104680193
utb.source j-scopus
dc.date.accessioned 2021-05-14T12:05:20Z
dc.date.available 2021-05-14T12:05:20Z
dc.description.sponsorship 21/2020
dc.rights Attribution 3.0 Unported
dc.rights.uri https://creativecommons.org/licenses/by/3.0/
dc.rights.access openAccess
utb.ou Center for Applied Economic Research
utb.contributor.internalauthor Gavurová, Beáta
utb.fulltext.affiliation Michal Kudej Faculty of Business Administration, Prague University of Economics and Business, Prague, Czech Republic michal.kudej@vse.cz Beata Gavurova Center for Applied Economic Research, Faculty of Management and Economics, Tomas Bata University in Zlin, Zlin, Czech Republic gavurova@utb.cz Zuzana Rowland Institute of Technology and Business, School of Expertness and Valuation, České Budějovice, Czech Republic rowland@mail.vstecb.cz
utb.fulltext.dates Received: April, 2020 1st Revision: December, 2020 Accepted: March, 2021
utb.fulltext.sponsorship The research was supported by the Research and Development Agency GAAA under the contract No. 21/2020: “Management, business risk and the firm bankruptcy in the segment of SMEs”.
utb.scopus.affiliation Faculty of Business Administration, Prague University of Economics and Business, Prague, Czech Republic; Center for Applied Economic Research, Faculty of Management and Economics, Tomas Bata University in Zlin, Zlin, Czech Republic; Institute of Technology and Business, School of Expertness and Valuation, České Budějovice, Czech Republic
utb.fulltext.projects 21/2020
utb.fulltext.faculty Faculty of Management and Economics
utb.fulltext.ou Centre for Applied Economic Research
utb.identifier.jel G01
utb.identifier.jel G33
utb.identifier.jel G38
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Attribution 3.0 Unported Kromě případů, kde je uvedeno jinak, licence tohoto záznamu je Attribution 3.0 Unported