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Firm agility and digitalisation less helpful than expected during the COVID-19 pandemic, but valuable in the longer run
ID
Redek, Tjaša
(
Avtor
),
ID
Čater, Tomaž
(
Avtor
),
ID
Čater, Barbara
(
Avtor
),
ID
Černe, Matej
(
Avtor
),
ID
Koman, Matjaž
(
Avtor
)
PDF - Predstavitvena datoteka,
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MD5: 038C980C9795E747995511F62D444423
URL - Izvorni URL, za dostop obiščite
https://www.ekonomie-management.cz/en/archiv/search/detail/2047-firm-agility-and-digitalisation-less-helpful-than-expected-during-the-covid-19-pandemic-but-valuable-in-the-longer-run/
Galerija slik
Izvleček
Firms’ performance during exogenous crises depends on several factors, from strategic foresight, financial readiness, and a number of firm-specific as well as sectoral aspects, also including luck and government support. The aim of this paper is to investigate the extent to which the ‘crisis readiness’ of firms, defined by factors like a proactive strategic approach, digitalisation, and financial constraints, as well as the reliance on or availability of government support, is responsible for the outcome during the COVID-19 crisis compared to the long-run contribution made by these factors. The empirical investigation uses a unique combination of firm-level balance sheet data and unique survey data concerning the strategic focus and implementation of Industry 4.0. While the literature suggests that digitalisation, a strategic proactive approach, and crisis readiness (itself depending on several factors) impacted the firms significantly during the COVID-19 crisis, the results show firm performance primarily depended on other (sectoral) aspects serving as a major exogenous factor impacting their performance. During the crisis, digitalisation was additionally mentioned as an important adjustment factor. However, using firm-level data we show that while companies were able to mitigate certain impacts of the supply and demand shocks triggered by COVID-19 using their internal resources and characteristics, including strategic elements, the biggest explanatory factor remains the sector involved. This leads to important managerial and policy recommendations, principally stressing the importance of proactivity and agility for firms’ long-run performance, whereas in the short run the state must help mitigate the effects.
Jezik:
Angleški jezik
Ključne besede:
company performance
,
crises
,
pandemic
,
digitalization
,
COVID-19
,
firm performance
,
crisis readiness
,
digitalisation
,
firm-level evidence
Vrsta gradiva:
Članek v reviji
Tipologija:
1.01 - Izvirni znanstveni članek
Organizacija:
EF - Ekonomska fakulteta
Status publikacije:
Objavljeno
Različica publikacije:
Objavljena publikacija
Leto izida:
2022
Št. strani:
Str. 69-87
Številčenje:
Vol. 25, iss. 3
PID:
20.500.12556/RUL-143669
UDK:
005.3
ISSN pri članku:
1212-3609
DOI:
10.15240/tul/001/2022-3-005
COBISS.SI-ID:
122830595
Datum objave v RUL:
06.01.2023
Število ogledov:
484
Število prenosov:
89
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Objavi na:
Gradivo je del revije
Naslov:
E+M. ekonomie a management
Skrajšan naslov:
E+M, Ekon. Manag.
Založnik:
Hospodářská fakulta Technické univerzity
ISSN:
1212-3609
COBISS.SI-ID:
6985500
Licence
Licenca:
CC BY-NC 4.0, Creative Commons Priznanje avtorstva-Nekomercialno 4.0 Mednarodna
Povezava:
http://creativecommons.org/licenses/by-nc/4.0/deed.sl
Opis:
Licenca Creative Commons, ki prepoveduje komercialno uporabo, vendar uporabniki ne rabijo upravljati materialnih avtorskih pravic na izpeljanih delih z enako licenco.
Sekundarni jezik
Jezik:
Slovenski jezik
Ključne besede:
poslovanje podjetja
,
krize
,
pandemija
,
digitalizacija
Projekti
Financer:
ARRS - Agencija za raziskovalno dejavnost Republike Slovenije
Številka projekta:
P5-0128
Naslov:
Izzivi vključujočega in trajnostnega razvoja v prevladujoči paradigmi ekonomskih in poslovnih znanosti
Financer:
ARRS - Agencija za raziskovalno dejavnost Republike Slovenije
Številka projekta:
J5-2555
Naslov:
Oblikovanje organizacije v digitalni dobi
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