Businesses and COVID-19 impact, liquidity issues and failure perceptions: The case of Albania
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Author(s)Bitila ShoshaLink to ORCID Index: https://orcid.org/0000-0002-9034-1751
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Romeo ManoLink to ORCID Index: https://orcid.org/0000-0002-9672-5481
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Armela AnamaliLink to ORCID Index: https://orcid.org/0000-0001-7068-3220
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DOIhttp://dx.doi.org/10.21511/imfi.19(2).2022.08
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Article InfoVolume 19 2022, Issue #2, pp. 95-106
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- 623 Views
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266 Downloads
This work is licensed under a
Creative Commons Attribution 4.0 International License
This paper aims to analyze business liquidity perceptions during the Covid-19 lockdown and how the lockdown affected businesses. The research methodology used in this paper consists of a literature review on businesses in the lockdown and an analysis of data collected through a survey conducted in the second quarter of 2020, immediately after the Covid-19 restriction measures were imposed. The sample used contains 180 businesses from a population of 166,386 businesses in Albania, providing a 7.30% error according to the Raosoft calculator. A more in-depth analysis was made by comparison, using box-plots for liquidity issues and problems faced by small, medium and large businesses (SMLEs) during the pandemic. The degree of significance of factors taken into consideration in this study is expressed by Pearson’s Correlation Coefficient (PCC) and an econometric model. The processing and analysis of data was made using SPSS V21. From the analysis of the factors considered and the size of the business, two important conclusions emerge: (1) the exercise of activity for Albanian businesses is closely related to the payments and the business perspective (bankruptcy risk); (2) the fear of bankruptcy was felt more by big business, while medium business had fewer problems referring to all the factors taken into consideration. The econometric model determined the most important factors for assessing the level of impact of Covid-19: Failure Perception, Support from Solidarity Packages, and Cash Reserves Usage. Surprisingly, it is noticed that businesses attribute the use of cash reserves (C.R.U) to different expenses/liabilities compared to the traditional ones treated in this study.
- Keywords
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JEL Classification (Paper profile tab)M10, L25, G01
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References45
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Tables5
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Figures7
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- Figure 1. Failure perceptions
- Figure 2. Support from solidarity packages
- Figure 3. Rental payment capacity
- Figure 4. Cash reserves usage
- Figure 5. Costumer correctness
- Figure 6. Covid-19 impact
- Figure 7. Impact of Covid-19 from the point of view of Econometric and Statistical Relationships
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- Table 1. Variables, respective questions in the questionnaire and answers with their ordinal values
- Table 2. Correlative bivariate relationships between the variables included in the study
- Table 3. Linear regression coefficients with the dependent variable “Covid-19 Impact”
- Table 4. Statistical evaluation table of the suitability of the linear regression model
- Table 5. The selection of significant variables by F-test
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How do commitment-based HRM practices and a developmental culture interact to foster open innovation in SMEs?
Elona Cera ,
Roland Subashi
doi: http://dx.doi.org/10.21511/ppm.22(1).2024.20
Problems and Perspectives in Management Volume 22, 2024 Issue #1 pp. 231-243 Views: 322 Downloads: 54 TO CITE АНОТАЦІЯThis paper aims to bring new insights into the role of commitment-based human resource management practices in open innovation in small and medium-sized enterprises. Additionally, the goal is to enhance comprehension of the aforementioned interactions by considering the mediating effect of developmental culture. Data were collected from owners and managers of 131 small and medium-sized enterprises operating in the service and manufacturing sectors in Albania. The study employed a quantitative research instrument, namely online surveys. To yield results and extract figures, the study applied partial least squares-structural equation modeling, examining the interrelationships among constructs. The empirical results highlight the direct effects of commitment-based human resource management practices and developmental culture on open innovation. Specifically, the study reveals that commitment-based human resource management practices have a significant role in promoting open innovation (O = 0.598, t = 10.057, p = 0.000). Additionally, the findings indicate that developmental culture serves as a complementary factor by mediating the connection between commitment-based human resource management practices and open innovation (O = 0.136, t = 1.789, p = 0.037). This study draws the attention of business owners and strategy developers circumnavigating the Albanian small and medium-sized enterprises environment. Barring certain limitations, it enthralls their propensity toward innovation, aligning it with an enabling business culture.
Acknowledgment
This work is supported by Tomas Bata University internal grants, FaME TBU No. IGA/FaME/2023/012 “Closed and open innovation: role of human resource, servant leadership, digitalization, and uncertainty.”
