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The post-COVID Economic Crisis and its Major Influences in the Economic Activity of Firms

Author

Listed:
  • Mihaiela Joly Mircea

    (West University of Timisoara, The Doctoral School of Economics and Business Administration, Romania)

Abstract

The global coronavirus pandemic has triggered an unprecedented crisis, creating economic and financial challenges for economic activities in Romania, but also around the world. Faced with strong reactions at the level of activities, companies have found themselves forced to take exceptional measures to maintain, maintain and maintain the financial stability of the country. The high rates of inflation, restrictive financial conditions and unfavorable influences that were directly related to the demand and supply of raw materials, materials, goods, services had repercussions for all companies in the Romanian economy. The sustainable vulnerabilities generated by the pandemic have presented risks at the level of smooth functioning for all activities regardless of their nature. This study presents a comparison of the evolution of performance indicators for companies from different sectors of activity in optimal operating conditions and during the pandemic, highlighting the major influences of the crisis for economic activities.

Suggested Citation

  • Mihaiela Joly Mircea, 2022. "The post-COVID Economic Crisis and its Major Influences in the Economic Activity of Firms," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 911-919, Decembrie.
    • Handle: RePEc:ovi:oviste:v:xxii:y:2022:i:2:p:911-919
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    File URL: https://stec.univ-ovidius.ro/html/anale/RO/2022-issue2/Section%205/14.pdf
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    References listed on IDEAS

    as
    1. Redhwan Ahmed Al-Dhamari & Bakr Al-Gamrh & Ku Nor Izah Ku Ismail & Samihah Saad Haji Ismail, 2018. "Related party transactions and audit fees: the role of the internal audit function," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 22(1), pages 187-212, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    multinational companies; economic and financial indicators; financial accounting situations; challenges; economic crisis;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation

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