×
Home Current Archive Editorial board
News Contact
Review

INDUSTRY AFFILIATION AS A FACTOR OF ENTERPRISES' VULNERABILITY IN CRISIS CONDITIONS

By
Marija Radosavljević Orcid logo ,
Marija Radosavljević

University of Niš, Faculty of Economics,, Niš,, Sierra Leone

Vesna Janković-Milić
Vesna Janković-Milić

Abstract

Crisis situations make enterprises vulnerable. To be resilient in times of crisis, enterprises have to try to adapt to changing circumstances. In that sense, the subject of the paper is the analysis of the impact of the latest, still on-going crisis on business performance of enterprises that belong to different industries. The subject of the analysis are enterprises operating at the territory of the Republic of Serbia, of different size and industry, in order to establish potential significant differences in the manifestation of the effects of the crisis on their performance. Data analysis, as well as testing the significance of the difference in the examined values of selected indicators with regard to size and industry, will be conducted by using adequate statistical methods. The aim of the analysis is to identify short-term consequences of the crisis, as well as preconditions for their easier overcoming.

References

1.
Albonico M, Mladenov Z, Sharma R. How the COVID-19 crisis is affecting UK small and medium-size enterprises. McKinsey Article. 2020.
2.
Ali M, Suleiman N, Khalid N, Tan K, Tseng M, Kumar M. Trends in food science & technology. 2021. p. 94–102.
3.
Al-Tit A, Omri A, Euchi J. Critical success factors of small and medium-sized enterprises in Saudi Arabia: Insights from sustainability perspective. Administrative Sciences. 2019. p. 32–44.
4.
Burzanović M. Republican Bureau of Statistics / Бурзановић. Републички завод за статистику. 2022.
5.
Caballero-Morales S. Innovation as recovery strategy for SMEs in emerging economies during the COVID-19 pandemic. Research in international business and finance. 2021. p. 101396.
6.
Dimson J, Mladenov Z, Sharma R, Tadjeddine K. COVID-19 and European Small and Medium-Size Enterprises: How They are Weathering the Storm. McKinsey & Enterprise Report. 2020.
7.
Fairlie R. The impact of COVID-19 on small business owners: Evidence from the first three months after widespread social-distancing restrictions. Journal of economics & management strategy. 2020. p. 727–40.
8.
Goodell J, Huynh T. Did Congress trade ahead? Considering the reaction of US industries to COVID-19. Finance Research Letters. 2020. p. 101578.
9.
Gourinchas P, Kalemli-Özcan Ṣ, Penciakova V, Sander N. COVID-19 and SMEs: A 2021. National Bureau of Economic Research. 2021.
10.
Grondys K, Ślusarczyk O, Hussain H, Androniceanu A. Risk assessment of the SME sector operations during the covid-19 pandemic. International journal of environmental research and public health. 2021. p. 4183.
11.
Juergensen J, Guimón J, Narula R. European SMEs amidst the COVID-19 crisis: assessing impact and policy responses. Journal of Industrial and Business Economics. 2020. p. 499–510.
12.
Kikuchi S, Kitao S, Mikoshiba M. Heterogeneous vulnerability to the covid-19 crisis and implications for inequality in Japan. Research Institute of Economy, Trade and Industry. 2020.
13.
Lampadarios E, Kyriakidou N, Smith G. Towards a new framework for SMEs success: A literature review. International Journal of Business and Globalization. 2017. p. 194–232.
14.
Mittal S, Khan M, Romero D, Wuest T. A critical review of smart manufacturing & Industry 4.0 maturity models: Implications for small and medium-sized enterprises (SMEs). Journal of manufacturing systems. 2018. p. 194–214.
15.
Ministry of Finance of The Republic of Serbia -Tax Administration.
16.
Neagu C. The importance and role of small and medium-sized businesses. Theoretical and Applied Economics. 2016. p. 331–8.
17.
Neise T, Verfürth P, Franz M. Rapid responding to the COVID-19 crisis: Assessing the resilience in the German restaurant and bar industry. International Journal of Hospitality Management. 2021. p. 102960.
18.
Nikolić N, Jovanović I, Nikolić Đ, Mihajlović I, Schulte P. Investigation of the factors influencing SME failure as a function of its prevention and fast recovery after failure. Entrepreneurship Research Journal. 2019. p. 1–20.
19.
Robinson L, Schulz J, Ragnedda M, Pait H, Kwon K, Khilnani A. An unequal pandemic: Vulnerability and Covid-19. American Behavioral Scientist. 2021. p. 1603–7.
20.
Serbian Business Registers Agency.
21.
Small and medium-sized enterprises: an overview. 2020.
22.
Undp. COVID-19 Procena socioekonomskog uticaja. 2021.
23.
Vulić S. Small and medium enterprises and economic growth. Journal of Economics and Market Communications. 2021. p. 436–45.

Citation

Article metrics

Google scholar: See link

The statements, opinions and data contained in the journal are solely those of the individual authors and contributors and not of the publisher and the editor(s). We stay neutral with regard to jurisdictional claims in published maps and institutional affiliations.