Učinci pandemije Covid-19 na izvoznu konkurentnost poduzeća prerađivačke industrije u Hrvatskoj

Stojcic, Nebojsa (2020): Učinci pandemije Covid-19 na izvoznu konkurentnost poduzeća prerađivačke industrije u Hrvatskoj. Published in: Economic Thought and Practice , Vol. 29, No. 2 (December 2020): pp. 347-365.

Abstract

The aim of this paper is to explore the impact of Covid-19 pandemic on changes in export competitiveness of firms from Croatian manufacturing industry. The analysis is based on the data about firm behaviour in period following first wave of Covid-19 pandemic. The data was collected by World Bank during August and September 2020 and publicly released in early October 2020. The results of investigation reveal that probability of decreasing export revenues falls among firms that solved their liquidity problems through equity financing, deferred payments to workers and suppliers and with the support of public grants. Statistically significant evidence of the tax exemptions, wage subsidies and commercial banks’ loans was not found. Companies with higher level of robustness to external shocks have lower probability of decreasing export revenues. The impact of introduction or implementation of online sales on export revenues is negative. Results of investigation may serve for formulation of economic policies in similar future cases.

• Item Type: MPRA Paper
• English Title: The impact of Covid-19 pandemic on the export competitiveness of manufacturing firms in Croatia
• Language: Croatian
• Keywords: Covid-19; manufacturing; Croatia; export
• Subjects: F - International Economics > F1 - Trade > F10 - General; F - International Economics > F1 - Trade > F17 - Trade Forecasting and Simulation; I - Health, Education, and Welfare > I1 - Health > I12 - Health Behavior; I - Health, Education, and Welfare > I1 - Health > I15 - Health and Economic Development; L - Industrial Organization > L6 - Industry Studies: Manufacturing > L60 - General

References

Bartik, A.W., Bertrand, M., Cullen, Z.B., Glaeser, E.L., Luca, M. i Stanton, C.T. (2020). How are Small Businesses Adjusting to Covid-19? Early Evidence from a Survey. NBER Working Paper no. 26989

Bernanke, B. (2020). Ben Bernanke on Covid-19 Downturn. Marketplace. Dostupno na: https://www.marketplace.org/2020/03/23/former-fed-chair-bernanke-covid19-downturn/ (pristupljeno 1.10.2020)

Ding, W., Levine, R., Lin, C. i Xie, W. (2020). Corporate Immunity to the Covid-19 Pandemic. NBER Working Paper 27055

Hassan, T.A., Hollander, S., Lent van, L. i Tahoun, A. (2020). Firm-Level Exposure to Epidemic Diseases: Covid-19, SARS and H1N1. NBER Working Paper 26971

Huayu, S., Mengyao, F., Hongyu, P., Zhongfu, Y. i Yongquan, C. (2020). The Impact of the Covid-19 Pandemic on Firm Performance. Emerging Markets Finance and Trade. Online First. 1-19

Kraus, S., Clauss, T., Breier, M., Gast, J., Zardini, A. i Tiberius, V. (2020). The Economics of Covid-19: Initial Empirical Evidence on how Family Firms in Five European Countries Cope with the Corona Crisis. International Journal of Entrepreneurial Behavior & Research. Online First 1-26

Kuckertz, A., Brandle, L., Gaudig, A., Hinderer, S., Morales Reyes, C.A., Prochotta, A., Steinbrink, K.M. i Berger, E.S.C. (2020). Startups in times of crisis – A rapid response to the Covid-19 pandemic. Journal of Business Venturing Insights. 13, pp. 1-13

Lee, C.K., Song, H.J., Bendle, L.J., Kim, M.J. i Han, H. (2012). The Impact of Non-Pharmaceutical Interventions for 2009 H1N1 Influenza on Travel Intentions: A Model of Goal-Directed Behavior. Tourism Management, 33(1), pp. 89-99

Noth, F. i Rehbein, O. (2019). Badly hurt? Natural disasters and direct firm effects. Finance Research Letters, 28, pp. 254-258

Salvato, C., Sargiacomo, M., Amore, M.D. i Minichilli, A. (2020). Natural disasters as a source of entrepreneurial opportunity: Family business resilience after an earthquake. Strategic Entrepreneurship Journal. Online first. 1-22

Samantha, G. (2018). The Impact of Natural Disasters on Micro, Small and Medium Enterprises (MSMEs): A Case Study on 2016 Flood Event in Western Sri Lanka. Procedia Engineering, 212, pp. 744-751

Williams, T.A., Gruber, D.A., Sutcliffe, K.M., Shepherd, D.A. i Zhao, E.Y. (2017). Organizational Response to Adversity: Fusing Crisis Management and Resilience Research Streams. Academy of Management Annals, 11, 733-769

Xin, G., Shan, Y., Weiqiang, Z. i Yewei, T. (2020). How Do Firms Respond to Covid-19?: First Evidence from Suzhou, China. Emerging Markets Finance and Trade, 56(10), 2181-2197