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

Kód výsledku v 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>

Nalezeny alternativní kódy

RIV/26867184:_____/21:N0000016

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50204 - Business and management

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2021

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

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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Počet stran výsledku

9

Strana od-do

82-90

Název nakladatele

Moravian Business College Olomouc

Místo vydání

Olomouc

Místo konání akce

Olomouc

Datum konání akce

1. 1. 2021

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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