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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

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

  • Czech description

Classification

  • Type

    J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database

  • CEP classification

  • OECD FORD branch

    50206 - Finance

Result continuities

  • Project

  • 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

  • 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

  • EID of the result in the Scopus database

    2-s2.0-85122023925