Are the Pandemic and Innovation Twins? Perceived Financial Obstacles, Innovations, and Entrepreneurial Success
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F21%3A43920786" target="_blank" >RIV/62156489:43110/21:43920786 - isvavai.cz</a>
Result on the web
<a href="https://www.ecrg.ro/files/p2021.11(2)2021ySI1y6.pdf" target="_blank" >https://www.ecrg.ro/files/p2021.11(2)2021ySI1y6.pdf</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Are the Pandemic and Innovation Twins? Perceived Financial Obstacles, Innovations, and Entrepreneurial Success
Original language description
We investigate how pre-crisis obstacles of enterprises determine the impact of the COVID-19 pandemic in selected European countries. Moreover, we examine the effects of the coping strategies, in particular of innovation, and digitalization, to respond to the pandemic challenge. Thus, we try to contribute to a more granular understanding of the dynamics that play a pivotal role in managing a crisis. The analysis uses survey data of six European countries from the Enterprise Surveys carried out in 2018 and 2019 and their follow-up survey during the COVID-19 crisis in 2020. Overall, the results indicate that companies that had already previously (before the crisis) reported perceived difficulties with access to financial resources have been more severely constrained during the pandemic. Moreover, companies that adopt innovative approaches during the pandemic perform better. Finally, digitalization strategies are not significantly related to entrepreneurial success. Our analysis reveals the importance of strategic planning of companies and the provision of an environment conducive to innovation by policymakers.
Czech name
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Czech description
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Classification
Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50206 - Finance
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
The Economic Research Guardian
ISSN
2247-8531
e-ISSN
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Volume of the periodical
11
Issue of the periodical within the volume
2
Country of publishing house
RO - ROMANIA
Number of pages
19
Pages from-to
236-254
UT code for WoS article
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EID of the result in the Scopus database
2-s2.0-85122023925