The fast-paced development and evolution of the marketing concept in the last decade has generated the need to delve into the past to understand the future. Therefore, the current paper aims to bring forth a better understanding of the evolution of the concept of marketing thought, while doing a bibliometric analysis on the papers that mention the term “marketing thought” in their title and / or abstract. The findings of the literature review as well as the results of the analysis are representing a starting point in the process of continuing the research undertaken by authors in the 20th century and, thus providing a starting point in the development of new marketing theories on the evolution of the marketing thought in a time governed by the internet, social media, artificial intelligence, or online consumer behaviour.
{"title":"How the Marketing Thought Evolved – A Brief Analysis of Marketing Literature","authors":"Mircea Fuciu","doi":"10.2478/sbe-2023-0050","DOIUrl":"https://doi.org/10.2478/sbe-2023-0050","url":null,"abstract":"The fast-paced development and evolution of the marketing concept in the last decade has generated the need to delve into the past to understand the future. Therefore, the current paper aims to bring forth a better understanding of the evolution of the concept of marketing thought, while doing a bibliometric analysis on the papers that mention the term “marketing thought” in their title and / or abstract. The findings of the literature review as well as the results of the analysis are representing a starting point in the process of continuing the research undertaken by authors in the 20<jats:sup>th</jats:sup> century and, thus providing a starting point in the development of new marketing theories on the evolution of the marketing thought in a time governed by the internet, social media, artificial intelligence, or online consumer behaviour.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"12 1","pages":""},"PeriodicalIF":0.6,"publicationDate":"2024-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139462926","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Camelia-Cristina Dragomir, Alexandra Zamfirache, Ruxandra-Gabriela Albu, Tiberiu Foris
This paper aims to conduct an in-depth analysis of how recent crises have been experienced by Romanian start-ups from the perspective of their managers, through quantitative research. The authors also aimed to investigate the interest of entrepreneurs in sustainably developing their businesses and the actions they aim to take in this direction. Data were collected from a sample of 216 respondents, managers of start-ups operating in the Center and South-West Oltenia Regions. The results indicate that the COVID-19 health crisis and the international financial crisis, followed by the energy crisis, have had the greatest impact on the activity of start-ups and identify response measures that can be solutions to increase their resilience in times of crisis. The research can help managers of start-ups maintain business stability in complicated times and incorporate sustainability practices into their business strategy. Governmental, regional and local authorities, as well as entrepreneurship education providers, can also use the research results to initiate measures to support start-ups in their efforts to cope with current challenges and develop sustainably.
{"title":"Implications of Crises on Start-Up Management and Ways to Increase Business Resilience and Sustainable Development","authors":"Camelia-Cristina Dragomir, Alexandra Zamfirache, Ruxandra-Gabriela Albu, Tiberiu Foris","doi":"10.2478/sbe-2023-0049","DOIUrl":"https://doi.org/10.2478/sbe-2023-0049","url":null,"abstract":"This paper aims to conduct an in-depth analysis of how recent crises have been experienced by Romanian start-ups from the perspective of their managers, through quantitative research. The authors also aimed to investigate the interest of entrepreneurs in sustainably developing their businesses and the actions they aim to take in this direction. Data were collected from a sample of 216 respondents, managers of start-ups operating in the Center and South-West Oltenia Regions. The results indicate that the COVID-19 health crisis and the international financial crisis, followed by the energy crisis, have had the greatest impact on the activity of start-ups and identify response measures that can be solutions to increase their resilience in times of crisis. The research can help managers of start-ups maintain business stability in complicated times and incorporate sustainability practices into their business strategy. Governmental, regional and local authorities, as well as entrepreneurship education providers, can also use the research results to initiate measures to support start-ups in their efforts to cope with current challenges and develop sustainably.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"24 Suppl 2 1","pages":""},"PeriodicalIF":0.6,"publicationDate":"2024-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139462622","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Olajide Raji Jimoh, Muhammad Adeel-Farooq Rana, Toyin Oyewole Tajudeen
This paper employs various GARCH-type models and the daily data from 3 July 2006 to 30 June 2021 to examine the effect of crude oil prices and stock price index on exchange rates for Indonesia, the largest oil producer in Southeast Asia. Since the share markets and oil prices are very volatile, testing the stability of the parameters or system is desirable. We achieve this by using the Nyblom’s fluctuations test and account for the structural break associated with the fluctuations. Findings reveal that lower oil price return leads the Indonesian currency per US dollar to depreciate. In addition, we find that stock return has negative and significant relation with exchange rates. This lends support to the portfolio balance effect in which a decrease in stock prices leads to a depreciation of Indonesian Rupiah against the US dollar. Evidence from EGARCH model shows that shocks to the volatility of exchange rate have a symmetrical effect. Our results suggest that as lower oil prices and stock prices contributes to depreciation of Indonesia rupiah against USD, an appropriate monetary policy may require adjustment of interest rates to resist the exchange rate fluctuations without being detrimental to the banking system.
{"title":"Modelling the Impact of Crude Oil Prices and Stock Price Index on Indonesia’s Exchange Rates","authors":"Olajide Raji Jimoh, Muhammad Adeel-Farooq Rana, Toyin Oyewole Tajudeen","doi":"10.2478/sbe-2023-0057","DOIUrl":"https://doi.org/10.2478/sbe-2023-0057","url":null,"abstract":"This paper employs various GARCH-type models and the daily data from 3 July 2006 to 30 June 2021 to examine the effect of crude oil prices and stock price index on exchange rates for Indonesia, the largest oil producer in Southeast Asia. Since the share markets and oil prices are very volatile, testing the stability of the parameters or system is desirable. We achieve this by using the Nyblom’s fluctuations test and account for the structural break associated with the fluctuations. Findings reveal that lower oil price return leads the Indonesian currency per US dollar to depreciate. In addition, we find that stock return has negative and significant relation with exchange rates. This lends support to the portfolio balance effect in which a decrease in stock prices leads to a depreciation of Indonesian Rupiah against the US dollar. Evidence from EGARCH model shows that shocks to the volatility of exchange rate have a symmetrical effect. Our results suggest that as lower oil prices and stock prices contributes to depreciation of Indonesia rupiah against USD, an appropriate monetary policy may require adjustment of interest rates to resist the exchange rate fluctuations without being detrimental to the banking system.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"8 1","pages":""},"PeriodicalIF":0.6,"publicationDate":"2024-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139462673","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This article aims to develop a recent overlook of African firms’ internationalization and its importance in consideration of the growing interest of multinational stakeholders. We analysed 26 most-cited journal articles, i.e., based on the number of citations, in the last decade, indexed in the Web of Science database, i.e., from 2011 to 2021. The previously published studies revealed that the internationalization of African firms is a fast-growing stream of the broader topic of international entrepreneurship. Our review also summarized two main research areas identified in the studied literature. The first focuses on selected features of African firms’ internationalization process. The second part underpins factors influencing their internationalization. The provided structured knowledge from the most cited articles serves as a tool to improve stakeholders’ understanding of international entrepreneurship in Africa. The study also proposes future research directions in international business and entrepreneurship in Africa. The article contributes to international entrepreneurship research in Africa by enumerating those aspects that shape the internationalization path of these global firms.
{"title":"African Firms Internationalization: What Can We Learn from the Most Cited Articles Published in the Last Decade?","authors":"Sob Tchanga Paul, Ondřej Dvouletý","doi":"10.2478/sbe-2023-0059","DOIUrl":"https://doi.org/10.2478/sbe-2023-0059","url":null,"abstract":"This article aims to develop a recent overlook of African firms’ internationalization and its importance in consideration of the growing interest of multinational stakeholders. We analysed 26 most-cited journal articles, i.e., based on the number of citations, in the last decade, indexed in the Web of Science database, i.e., from 2011 to 2021. The previously published studies revealed that the internationalization of African firms is a fast-growing stream of the broader topic of international entrepreneurship. Our review also summarized two main research areas identified in the studied literature. The first focuses on selected features of African firms’ internationalization process. The second part underpins factors influencing their internationalization. The provided structured knowledge from the most cited articles serves as a tool to improve stakeholders’ understanding of international entrepreneurship in Africa. The study also proposes future research directions in international business and entrepreneurship in Africa. The article contributes to international entrepreneurship research in Africa by enumerating those aspects that shape the internationalization path of these global firms.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"3 1","pages":""},"PeriodicalIF":0.6,"publicationDate":"2024-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139462756","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper is devoted to the cognitive biases of decoy pricing, which has become the subject of interest of retail companies in recent years. The paper analyses the principles of the decoy effect with regard to consumer behaviour in the Czech Republic (which represents customers of the Eastern Europe). The analytical part of the paper focuses on examination of often irrational consumer decision-making process, with respect to age, gender, product group, and other factors. A combination of questionnaire survey (N=200) and interviews (N=32) was used. The results indicate a significant influence of the generation the consumer belongs to, further differences in decision-making according to gender, as well as differences in effects in various product categories. The findings may be utilised by companies considering the use of decoy pricing strategies in the Czech market.
{"title":"How Does Decoy Pricing Affect Purchasing Decisions?","authors":"Lea Kubíčková, Lucie Veselá, Marcela Kormaňáková, Ekaterina Veverková","doi":"10.2478/sbe-2023-0053","DOIUrl":"https://doi.org/10.2478/sbe-2023-0053","url":null,"abstract":"This paper is devoted to the cognitive biases of decoy pricing, which has become the subject of interest of retail companies in recent years. The paper analyses the principles of the decoy effect with regard to consumer behaviour in the Czech Republic (which represents customers of the Eastern Europe). The analytical part of the paper focuses on examination of often irrational consumer decision-making process, with respect to age, gender, product group, and other factors. A combination of questionnaire survey (N=200) and interviews (N=32) was used. The results indicate a significant influence of the generation the consumer belongs to, further differences in decision-making according to gender, as well as differences in effects in various product categories. The findings may be utilised by companies considering the use of decoy pricing strategies in the Czech market.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"3 1","pages":""},"PeriodicalIF":0.6,"publicationDate":"2024-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139462620","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Andrei Ungureanu, Lucian Belaşcu, Alexandra Horobeț, Marius Croitoru Ionuț
Programmatic advertising rose in the early 2000s, aiming at streamlining the online media buying process. It offered marketers the means to buy millions of advertising impressions instantly and helped publishers increase their revenues. The deployment of automated algorithms for media trading led to a significant decrease in campaign setup and management costs and created a new revenue stream for online publishers. However, by the late 2010s, the emergence of ever more complex algorithms and the opaque practices of the Advertising Technology (AdTech) companies in charge of them have led to complaints that programmatic advertising functions largely as a “black box”. This article inquires into the programmatic media trading process, with a focus on the impact of the algorithms’ increased sophistication on the monetization strategies of online publishers. We analyze the case of Libertatea.ro, a leading Romanian newspaper, in its attempt to offset the decrease of revenue from printed circulation by increasing revenues generated through its online website. The findings show that publishers are forced to apply increasingly complex website monetization strategies. This can, in turn, lead to a loss of control over their advertising inventory and decreased bargaining power when facing AdTech companies, thus threatening the economic models of online publishing.
{"title":"Programmatic Advertising and Online Publishers: The Case of Libertatea.Ro","authors":"Andrei Ungureanu, Lucian Belaşcu, Alexandra Horobeț, Marius Croitoru Ionuț","doi":"10.2478/sbe-2023-0060","DOIUrl":"https://doi.org/10.2478/sbe-2023-0060","url":null,"abstract":"Programmatic advertising rose in the early 2000s, aiming at streamlining the online media buying process. It offered marketers the means to buy millions of advertising impressions instantly and helped publishers increase their revenues. The deployment of automated algorithms for media trading led to a significant decrease in campaign setup and management costs and created a new revenue stream for online publishers. However, by the late 2010s, the emergence of ever more complex algorithms and the opaque practices of the Advertising Technology (AdTech) companies in charge of them have led to complaints that programmatic advertising functions largely as a “black box”. This article inquires into the programmatic media trading process, with a focus on the impact of the algorithms’ increased sophistication on the monetization strategies of online publishers. We analyze the case of Libertatea.ro, a leading Romanian newspaper, in its attempt to offset the decrease of revenue from printed circulation by increasing revenues generated through its online website. The findings show that publishers are forced to apply increasingly complex website monetization strategies. This can, in turn, lead to a loss of control over their advertising inventory and decreased bargaining power when facing AdTech companies, thus threatening the economic models of online publishing.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"3 1","pages":""},"PeriodicalIF":0.6,"publicationDate":"2024-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139462719","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In today’s conditions, one of the most important issues that confuse students in higher education is their career. With the increasing economic conditions and population growth, it becomes more difficult for them to decide on their careers. Employment perspectives and professional awareness levels are important for job seekers to find a job that meets their knowledge, skills and expectations and to ensure continuity. The general mood for students to have information about finding a job after graduation is expressed as employment hope. The quality of education students receive in higher education will affect their careers and futures. In this study, it is aimed to examine the mediating role of the education quality (EQ) in higher education in the relationship between career decidedness (CD) and employment hope (EH) of university students. The research was conducted with a sample of 476 people which continues to their higher education in different universities in Türkiye. According to the findings obtained; a statistically significant positive correlation was found between CD and EQ, CD and EH, and EQ and EH. In addition, according to the mediation test, it was determined that education quality had a partial and weak mediating role between CD and EH.
{"title":"Does Career Decidedness Affect Employment Hope? The Mediating Role of Education Quality in Higher Educationpotential of Work from Home for Determining Job Quality","authors":"Yüksel Yalçin, Hasan Özkan","doi":"10.2478/sbe-2023-0062","DOIUrl":"https://doi.org/10.2478/sbe-2023-0062","url":null,"abstract":"In today’s conditions, one of the most important issues that confuse students in higher education is their career. With the increasing economic conditions and population growth, it becomes more difficult for them to decide on their careers. Employment perspectives and professional awareness levels are important for job seekers to find a job that meets their knowledge, skills and expectations and to ensure continuity. The general mood for students to have information about finding a job after graduation is expressed as employment hope. The quality of education students receive in higher education will affect their careers and futures. In this study, it is aimed to examine the mediating role of the education quality (EQ) in higher education in the relationship between career decidedness (CD) and employment hope (EH) of university students. The research was conducted with a sample of 476 people which continues to their higher education in different universities in Türkiye. According to the findings obtained; a statistically significant positive correlation was found between CD and EQ, CD and EH, and EQ and EH. In addition, according to the mediation test, it was determined that education quality had a partial and weak mediating role between CD and EH.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"14 1","pages":""},"PeriodicalIF":0.6,"publicationDate":"2024-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139465328","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Health care sector is one of the most important sectors that affect the economies of all countries. On the one hand, it affects the productivity of labor force, on the other hand, it affects the spending of the households and the allocation of income among the various aspects of spending. In addition, the case of Egypt is characterized by some peculiarity in terms of The large population and the existence of a development gap between the cities of the north and the cities of the south, and the volume of out of pocket expenditure on health care which exceeds its counterpart in most countries of the world. In addition, health care service providers in Egypt are represented in the public sector, the private sector and the cooperative or community sector, where the three sectors provide health care services with different quality and prices. Therefore, this study aimed to identify the determinants of health care expenditure in Egypt through an econometric model. The results showed that spending on health care in Egypt was affected by percapita GDP and population over 65 years old while the econometric model shows no significance for variables such as hospital beds and number of medical doctors.
{"title":"The Determinants of Health Care Expenditure in Egypt","authors":"Magdy Barbary Mahmoud","doi":"10.2478/sbe-2023-0045","DOIUrl":"https://doi.org/10.2478/sbe-2023-0045","url":null,"abstract":"Health care sector is one of the most important sectors that affect the economies of all countries. On the one hand, it affects the productivity of labor force, on the other hand, it affects the spending of the households and the allocation of income among the various aspects of spending. In addition, the case of Egypt is characterized by some peculiarity in terms of The large population and the existence of a development gap between the cities of the north and the cities of the south, and the volume of out of pocket expenditure on health care which exceeds its counterpart in most countries of the world. In addition, health care service providers in Egypt are represented in the public sector, the private sector and the cooperative or community sector, where the three sectors provide health care services with different quality and prices. Therefore, this study aimed to identify the determinants of health care expenditure in Egypt through an econometric model. The results showed that spending on health care in Egypt was affected by percapita GDP and population over 65 years old while the econometric model shows no significance for variables such as hospital beds and number of medical doctors.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"61 1","pages":""},"PeriodicalIF":0.6,"publicationDate":"2024-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139462758","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract Media plays a critical role in shaping public opinion and policy on global issues related to sustainable development. As such, journalism higher education has an important responsibility to prepare journalism students to report on sustainable development issues and to promote the Sustainable Development Goals. However, integrating the SDGs into journalism curricula presents several challenges. This article reviews the current state of teaching the SDGs in European journalism higher education and identifies the challenges and opportunities for integrating the SDGs into journalism curricula. The authors examine the connection between journalism programs, courses and the topics of the SDGs, in the European university environment by accessing existing reports (mainly from institutions like UN, UNESCO, EU-HEIs), studies and articles on SDGs in journalism and the websites of EU-HEIs. The EU universities providing Journalism / Media Programs were selected based on three criteria: i/ the 2020 QS World University Ranking by Subject (subjects used: “communication & media studies”, “development studies”), ii/ Google search based on keywords related to journalism or media education and SDGs and iii/ existing partnerships LBUS has with European universities in the field of journalism and media.
{"title":"Connecting Sustainable Development with Media, Journalism and Communication Programs in European Universities","authors":"Minodora Sălcudean, Adina Pintea, Roxana Săvescu","doi":"10.2478/sbe-2023-0038","DOIUrl":"https://doi.org/10.2478/sbe-2023-0038","url":null,"abstract":"Abstract Media plays a critical role in shaping public opinion and policy on global issues related to sustainable development. As such, journalism higher education has an important responsibility to prepare journalism students to report on sustainable development issues and to promote the Sustainable Development Goals. However, integrating the SDGs into journalism curricula presents several challenges. This article reviews the current state of teaching the SDGs in European journalism higher education and identifies the challenges and opportunities for integrating the SDGs into journalism curricula. The authors examine the connection between journalism programs, courses and the topics of the SDGs, in the European university environment by accessing existing reports (mainly from institutions like UN, UNESCO, EU-HEIs), studies and articles on SDGs in journalism and the websites of EU-HEIs. The EU universities providing Journalism / Media Programs were selected based on three criteria: i/ the 2020 QS World University Ranking by Subject (subjects used: “communication & media studies”, “development studies”), ii/ Google search based on keywords related to journalism or media education and SDGs and iii/ existing partnerships LBUS has with European universities in the field of journalism and media.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135003040","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Gino Felix Dodero Ortiz De Zevallos, José Antonio Clemente-Almendros, María Emilia Bahamondes Rosado
Abstract This paper analyses literature related to the impact of COVID-19 on family firms’ financial decisions. Presenting their distinctive characteristics and their responses to both past crises and the current one, the aim is to single out the key factors that ensure these firms’ economic continuity. The analysis of the key factors shown in the studies makes it possible to identify and understand behavioural aspects, such as those relating to business resilience, employed by owners of family firms, which take precedence over traditional financial management decisions. The analysis of the financial impact of the current crisis on family firms will help improve their resilience to future exogenous impacts.
{"title":"The COVID-19 Crisis and the Financial Impact on Family Firms","authors":"Gino Felix Dodero Ortiz De Zevallos, José Antonio Clemente-Almendros, María Emilia Bahamondes Rosado","doi":"10.2478/sbe-2023-0026","DOIUrl":"https://doi.org/10.2478/sbe-2023-0026","url":null,"abstract":"Abstract This paper analyses literature related to the impact of COVID-19 on family firms’ financial decisions. Presenting their distinctive characteristics and their responses to both past crises and the current one, the aim is to single out the key factors that ensure these firms’ economic continuity. The analysis of the key factors shown in the studies makes it possible to identify and understand behavioural aspects, such as those relating to business resilience, employed by owners of family firms, which take precedence over traditional financial management decisions. The analysis of the financial impact of the current crisis on family firms will help improve their resilience to future exogenous impacts.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135003353","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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