Export and exports risks of small and medium enterprises during the COVID-19 pandemic

  • 708 Views
  • 333 Downloads

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License

COVID-19 has created an entirely new unknown environment with new risks. Various restrictive national measures seeking to protect health took precedence over economic measures. Moreover, a large number of businesses are entirely dependent on international trade and exports. The aim of this paper is to map and analyze the development of small and medium enterprises’ exports during the COVID-19 pandemic in the Czech Republic. Moreover, it identifies the most significant export risks and their perception by small and medium enterprises. The chi-square test, Cramer’s coefficient, and exact binomial test were used to verify the statistical dependencies of research questions and hypotheses.
Empirically, the statistically significant impact of the COVID-19 pandemic on the decline in small and medium enterprises’ exports was confirmed. In connection with the effectiveness of risk management, it was found that less than 50% of enterprises in the research sample are not ISO 31000-certified. The study concluded that the most significant export risks confirmed by statistical testing were COVID-19 risks and payment morale of foreign trading partners.

Acknowledgment
This study is co-financed by DKRVO 2022/04 Lean a Project Management in manufacturing Industry in the Czech Republic.

view full abstract hide full abstract
    • Figure 1. Average value of risk perception
    • Table 1. Essential characteristics of surveyed enterprises
    • Table 2. COVID-19 risks and the decline in exports
    • Table 3. Payment morale and the decline in exports
    • Conceptualization
      Romana Heinzova, Eva Hoke, Tomas Urbanek
    • Data curation
      Romana Heinzova, Eva Hoke, Tomas Urbanek
    • Funding acquisition
      Romana Heinzova
    • Investigation
      Romana Heinzova, Eva Hoke, Pavel Taraba
    • Methodology
      Romana Heinzova, Eva Hoke, Tomas Urbanek
    • Resources
      Romana Heinzova, Eva Hoke
    • Supervision
      Romana Heinzova, Eva Hoke, Pavel Taraba
    • Validation
      Romana Heinzova, Tomas Urbanek
    • Writing – original draft
      Romana Heinzova, Eva Hoke
    • Writing – review & editing
      Romana Heinzova, Eva Hoke, Tomas Urbanek, Pavel Taraba
    • Visualization
      Tomas Urbanek
    • Formal Analysis
      Pavel Taraba