INFLUENCE OF COVID 19 ON FINANCING BUSINESS ACTIVITIES: LESSONS LEARNED FROM SELF-EMPLOYED PERSONS

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F21%3AA0000207" target="_blank" >RIV/47813059:19520/21:A0000207 - isvavai.cz</a>
Alternative codes found
RIV/26867184:_____/21:N0000016
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
INFLUENCE OF COVID 19 ON FINANCING BUSINESS ACTIVITIES: LESSONS LEARNED FROM SELF-EMPLOYED PERSONS
Original language description
Business activities and their financing depend in many cases on the financial knowledge of the entrepreneur. In a crisis, it is best seen whether the entrepreneur can plan in an unstable environment or rely on external resources, such as business subsidies from governmental resources. This paper's main goal isto present the results of primary research conducted during autumn 2020, which illustrate the current situation within the Covid-19 pandemic on the financial management of sole proprietors and changes in their thinking on investment impact on governmentalsubsidies on that behaviour. The results are based on primary research (177 interviews) in the Czech Republic. Those findings are compared with secondary data –asurvey realized by the Association for SMEs, where 8% of them would survive current restrictions (lasts up to one month). In contrast, about 46% have sufficient reserves for more than three months in emergency mode. Moreover, the study confirmed a negative relationship to public support. Based on these results, this study confirmed that many self-employed people prefer to solve their current situation by their selves, not with governmental assistance.
Czech name
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Czech description
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Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
International Days of Science 2021 –Economics, Management, InnovationTen years between the global financial crisis and the crisis of 2020
ISBN
9788074550973
ISSN
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e-ISSN
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Number of pages
9
Pages from-to
82-90
Publisher name
Moravian Business College Olomouc
Place of publication
Olomouc
Event location
Olomouc
Event date
Jan 1, 2021
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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