IDEAS home Printed from https://ideas.repec.org/a/ksa/szemle/2057.html
   My bibliography  Save this article

A koronavírus-járvány kezelése a külföldi tulajdonú magyarországi vállalatoknál
[The effects and handling of the Covid-19 pandemic by foreign-owned firms in Hungary]

Author

Listed:
  • Sass, Magdolna
  • Gál, Zoltán
  • S. Gubik, Andrea
  • Szunomár, Ágnes
  • Túry, Gábor

Abstract

A koronavírus-járvány által okozott gazdasági visszaesés eltérő módon érintette az egyes vállalatokat. Kutatásunk a világjárványnak a Magyarországon működő külföldi tulajdonú autóipari és elektronikai leányvállalatokra gyakorolt hatására koncentrál. Tizenöt vállalat képviselőivel készített interjúk alapján elemezzük, hogy a járvány milyen mértékben hatott ezekre a vállalatokra, milyen válságkezelő intézkedéseket vezettek be, és mennyire támaszkodtak az elérhető állami támogatásokra. Eredményeink nagyrészt összhangban vannak a nemzetközi szakirodalom megállapításaival, de néhány új elemmel is kiegészítik azokat. Többek között megállapítjuk, hogy nemcsak az ágazat, hanem a tevékenység jellemzői is fontosak a járvány gazdasági hatása szempontjából, illetve azt is, hogy a külföldi tulajdonú leányvállalatok ritkán szorulnak állami pénzügyi támogatásra. Magyarországon akárcsak más országokban az elbocsátás valóban a válságkezelés utolsó eszköze, miközben a válságkezelésben a vállalati szintű szolidaritás erősödésének jelei is kimutathatók.* Journal of Economic Literature (JEL) kód: F23, H12, L62, L63.

Suggested Citation

  • Sass, Magdolna & Gál, Zoltán & S. Gubik, Andrea & Szunomár, Ágnes & Túry, Gábor, 2022. "A koronavírus-járvány kezelése a külföldi tulajdonú magyarországi vállalatoknál [The effects and handling of the Covid-19 pandemic by foreign-owned firms in Hungary]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 758-780.
    • Handle: RePEc:ksa:szemle:2057
    DOI: 10.18414/KSZ.2022.6.758
    as

    Download full text from publisher

    File URL: http://www.kszemle.hu/tartalom/letoltes.php?id=2057
    Download Restriction: Registration and subscription. 3-month embargo period to non-subscribers.
    File URL: https://libkey.io/10.18414/KSZ.2022.6.758?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Meyer, Brent H. & Prescott, Brian & Sheng, Xuguang Simon, 2022. "The impact of the COVID-19 pandemic on business expectations," International Journal of Forecasting, Elsevier, vol. 38(2), pages 529-544.
    2. Abhishek Saurav & Peter Kusek & Ryan Kuo, 2020. "The Impact of COVID-19 on Foreign Investors," World Bank Publications - Reports 33774, The World Bank Group.
    3. Nir Jaimovich & Henry E. Siu, 2020. "Job Polarization and Jobless Recoveries," The Review of Economics and Statistics, MIT Press, vol. 102(1), pages 129-147, March.
    4. Olivier J Blanchard & Thomas Philippon & Jean Pisani-Ferry, 2020. "A new policy toolkit is needed as countries exit COVID-19 lockdowns," Policy Briefs PB20-8, Peterson Institute for International Economics.
    5. James R. Markusen, 2004. "Multinational Firms and the Theory of International Trade," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262633078, April.
    6. Xin Gu & Shan Ying & Weiqiang Zhang & Yewei Tao, 2020. "How Do Firms Respond to COVID-19? First Evidence from Suzhou, China," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 56(10), pages 2181-2197, August.
    7. Varum, Celeste Amorim & Rocha, Vera Catarina Barros, 2011. "Do foreign and domestic firms behave any different during economic slowdowns?," International Business Review, Elsevier, vol. 20(1), pages 48-59, February.
    8. Köllő, János & Reizer, Balázs, 2021. "A koronavírus-járvány első hullámának hatása a foglalkoztatásra és a vállalatok árbevételére [The effect of the first wave of Covid pandemic on employment and firm revenue]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(4), pages 345-374.
    9. Huayu Shen & Mengyao Fu & Hongyu Pan & Zhongfu Yu & Yongquan Chen, 2020. "The Impact of the COVID-19 Pandemic on Firm Performance," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 56(10), pages 2213-2230, August.
    10. Apedo Amah,Marie Christine & Avdiu,Besart & Cirera,Xavier & Vargas Da Cruz,Marcio Jose & Davies,Elwyn Adriaan Robin & Grover,Arti Goswami & Iacovone,Leonardo & Kilinc,Umut & Medvedev,Denis & Maduko,Fr, 2020. "Unmasking the Impact of COVID-19 on Businesses : Firm Level Evidence from Across the World," Policy Research Working Paper Series 9434, The World Bank.
    11. Li, Haoran & Wan, Xibo & Zhang, Wendong, 2020. "How do Firms Respond to Political Tensions? Evidence from Chinese Food Importers," ISU General Staff Papers 202011250800001118, Iowa State University, Department of Economics.
    12. Yipeng Liu & Jong Min Lee & Celia Lee, 2020. "The challenges and opportunities of a global health crisis: the management and business implications of COVID-19 from an Asian perspective," Asian Business & Management, Palgrave Macmillan, vol. 19(3), pages 277-297, July.
    13. Nicolai J. Foss, 2021. "The Impact of the Covid‐19 Pandemic on Firms’ Organizational Designs," Journal of Management Studies, Wiley Blackwell, vol. 58(1), pages 270-274, January.
    14. ZHANG Hongyong, 2021. "The Impact of COVID-19 on Global Production: Evidence from Japanese Multinational Firms," Discussion papers 21014, Research Institute of Economy, Trade and Industry (RIETI).
    15. Laura Alfaro & Maggie Xiaoyang Chen, 2012. "Surviving the Global Financial Crisis: Foreign Ownership and Establishment Performance," American Economic Journal: Economic Policy, American Economic Association, vol. 4(3), pages 30-55, August.
    16. Carola M. Frege & Andra´s To´th, 1999. "Institutions Matter: Union Solidarity in Hungary and East Germany," British Journal of Industrial Relations, London School of Economics, vol. 37(1), pages 117-140, March.
    17. Kálmán Kalotay & Magdolna Sass, 2021. "Foreign direct investment in the storm of the COVID-19 pandemic and the example of Visegrad countries," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 71(supplemen), pages 73-92, November.
    18. Bojan Obrenovic & Jianguo Du & Danijela Godinic & Diana Tsoy & Muhammad Aamir Shafique Khan & Ilimdorjon Jakhongirov, 2020. "Sustaining Enterprise Operations and Productivity during the COVID-19 Pandemic: “Enterprise Effectiveness and Sustainability Model”," Sustainability, MDPI, vol. 12(15), pages 1-27, July.
    19. Roberto Álvarez & Holger Görg, 2007. "Multinationals as Stabilizers?: Economic Crisis and Plant Employment Growth," Working Papers Central Bank of Chile 412, Central Bank of Chile.
    20. Waldkirch, Andreas, 2021. "Firms around the World during the COVID-19 Pandemic," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 36(1), pages 3-19.
    21. Prema-chandra Athukorala, 2003. "FDI in Crisis and Recovery: Lessons from the 1997-98 Asian Crisis," Departmental Working Papers 2003-04, The Australian National University, Arndt-Corden Department of Economics.
    22. Mr. Thierry Tressel & Xiaodan Ding, 2021. "Global Corporate Stress Tests—Impact of the COVID-19 Pandemic and Policy Responses," IMF Working Papers 2021/212, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. FERRAGINA, Anna Maria, 2013. "The Impact of FDI on Firm Survival and Employment: A Comparative Analysis for Turkey and Italy," CELPE Discussion Papers 127, CELPE - CEnter for Labor and Political Economics, University of Salerno, Italy.
    2. Adalgiso Amendola & Anna Maria Ferragina & Rosanna Pittiglio & Filippo Reganati, 2012. "Are exporters and multinational firms more resilient over a crisis? First evidence for manufacturing enterprises in Italy," Economics Bulletin, AccessEcon, vol. 32(3), pages 1914-1926.
    3. Narayan, Paresh Kumar & Phan, Dinh Hoang Bach & Liu, Guangqiang, 2021. "COVID-19 lockdowns, stimulus packages, travel bans, and stock returns," Finance Research Letters, Elsevier, vol. 38(C).
    4. Sui, Bo & Chang, Chun-Ping & Jang, Chyi-Lu & Gong, Qiang, 2021. "Analyzing causality between epidemics and oil prices: Role of the stock market," Economic Analysis and Policy, Elsevier, vol. 70(C), pages 148-158.
    5. Deng, Tianjie & Xu, Tracy & Lee, Young Jin, 2022. "Policy responses to COVID-19 and stock market reactions - An international evidence," Journal of Economics and Business, Elsevier, vol. 119(C).
    6. Xu, Jin & Huang, Shoujun & Shi, Lu & Sharma, Susan Sunila, 2021. "Trade conflicts and energy firms' market values: Evidence from China," Energy Economics, Elsevier, vol. 101(C).
    7. Wang, Hua & Xu, Liao & Sharma, Susan Sunila, 2021. "Does investor attention increase stock market volatility during the COVID-19 pandemic?," Pacific-Basin Finance Journal, Elsevier, vol. 69(C).
    8. Yu, Zhen & Xiao, Yao & Li, Jinpo, 2021. "How does geopolitical uncertainty affect Chinese overseas investment in the energy sector? Evidence from the South China Sea Dispute," Energy Economics, Elsevier, vol. 100(C).
    9. Liridon Kryeziu & Mehmet Bağış & Mehmet Nurullah Kurutkan & Besnik A. Krasniqi & Artan Haziri, 2022. "COVID-19 impact and firm reactions towards crisis: Evidence from a transition economy," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 18(1), pages 169-196.
    10. Ștefan Cristian Gherghina & Daniel Ștefan Armeanu & Camelia Cătălina Joldeș, 2020. "Stock Market Reactions to COVID-19 Pandemic Outbreak: Quantitative Evidence from ARDL Bounds Tests and Granger Causality Analysis," IJERPH, MDPI, vol. 17(18), pages 1-35, September.
    11. Yousaf, Imran & Beljid, Makram & Chaibi, Anis & Ajlouni, Ahmed AL, 2022. "Do volatility spillover and hedging among GCC stock markets and global factors vary from normal to turbulent periods? Evidence from the global financial crisis and Covid-19 pandemic crisis," Pacific-Basin Finance Journal, Elsevier, vol. 73(C).
    12. Narayan, Paresh Kumar & Devpura, Neluka & Wang, Hua, 2020. "Japanese currency and stock market—What happened during the COVID-19 pandemic?," Economic Analysis and Policy, Elsevier, vol. 68(C), pages 191-198.
    13. Teruel, Mercedes & Amaral-Garcia, Sofia & Bauer, Péter & Coad, Alexander & Domnick, Clemens & Harasztosi, Péter & Pál, Rozália, 2022. "COVID-19 and the resilience of European firms: The influence of pre-crisis productivity, digitalisation and growth performance," EIB Working Papers 2022/13, European Investment Bank (EIB).
    14. Hermundsdottir, Fanny & Haneberg, Dag Håkon & Aspelund, Arild, 2022. "Analyzing the impact of COVID-19 on environmental innovations in manufacturing firms," Technology in Society, Elsevier, vol. 68(C).
    15. Huang, Zhi-xiong & Yang, Xiandong, 2021. "Carbon emissions and firm innovation," Economic Analysis and Policy, Elsevier, vol. 69(C), pages 503-513.
    16. Nils Herger & Steve McCorriston, 2014. "Horizontal, Vertical, and Conglomerate FDI: Evidence from Cross Border Acquisitions," Working Papers 14.02, Swiss National Bank, Study Center Gerzensee.
    17. Padhan, Rakesh & Prabheesh, K.P., 2021. "The economics of COVID-19 pandemic: A survey," Economic Analysis and Policy, Elsevier, vol. 70(C), pages 220-237.
    18. Omrane Guedhami & April Knill & William L. Megginson & Lemma W. Senbet, 2022. "The dark side of globalization: Evidence from the impact of COVID-19 on multinational companies," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 53(8), pages 1603-1640, October.
    19. Lo Turco, Alessia & Maggioni, Daniela, 2014. "The micro evolution of trade and turnover in Turkey under the global crisis," Economic Systems, Elsevier, vol. 38(3), pages 397-414.
    20. Naidu, Dharmendra & Ranjeeni, Kumari, 2021. "Effect of coronavirus fear on the performance of Australian stock returns: Evidence from an event study," Pacific-Basin Finance Journal, Elsevier, vol. 66(C).

    More about this item

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • L62 - Industrial Organization - - Industry Studies: Manufacturing - - - Automobiles; Other Transportation Equipment; Related Parts and Equipment
    • L63 - Industrial Organization - - Industry Studies: Manufacturing - - - Microelectronics; Computers; Communications Equipment

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ksa:szemle:2057. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Odon Sok (email available below). General contact details of provider: http://www.kszemle.hu .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.