Agricultural Economics (Zemědělská ekonomika),
Journal Year:
2024,
Volume and Issue:
70(12), P. 591 - 605
Published: Dec. 23, 2024
This
paper
investigates
the
effect
of
pre-COVID
credit
constraints
and
moderating
role
government
support
on
agribusiness
resilience
following
outbreak
COVID-19.
Using
a
dataset
covering
42
countries,
we
provide
empirical
evidence
how
firm
characteristics
affect
agribusinesses'
likelihood
survival
performance
during
pandemic.
On
enterprise
level,
size,
foreign
ownership
gender
manager
are
found
to
display
statistically
significant
relationship
with
closure
sales
performance.
The
findings
reveal
that
pre-existing
tended
magnify
negative
impacts
Specifically,
agribusinesses
better
access
finance
were
less
likely
experience
decline
in
exit
from
market
and,
hence,
position
withstand
pandemic-induced
shock.
results
further
highlighted
positive
resilience,
whereas
obtaining
aid
was
have
no
link
between
financial
conditions
resilience.
Finally,
showed
financially
constrained
more
suffer
liquidity/cash
flow
problems
overdue
obligations
In
coping
their
liquidity
shortfalls,
these
formal
delay
payments
suppliers/workers.
Multinational Business Review,
Journal Year:
2024,
Volume and Issue:
unknown
Published: Dec. 12, 2024
Purpose
Knowledge
on
how
firms
adapt
to
exogenous
shocks
remains
scant.
This
study
examines
whether
internationally
connected
(i.e.
that
rely
exporting,
global
value
chains
and
foreign
ownership)
are
less
likely
adjust
their
production
in
response
a
major
shock.
Moreover,
this
investigates
if
governmental
policy
interventions
affect
more
than
domestically
focused
counterparts.
Design/methodology/approach
uses
data
13,000
from
41
countries
worldwide
the
World
Bank’s
Enterprise
Surveys,
taking
advantage
of
recent
COVID-19
pandemic
as
quasi-experimental
setting
for
research.
Findings
The
results
show
export-intensive
foreign-owned
pandemic.
national
policies
(in
form
confinement
stringency
economic
stimuli)
seem
equally
all
terms
ability
Finally,
magnitude
these
dwarfs
those
firms’
international
strategies,
confirming
paramount
role
played
by
governments
shocks.
Originality/value
empirically
or
affected
crisis
case
pandemic)
favor
domestic
firms.
Agricultural Economics (Zemědělská ekonomika),
Journal Year:
2024,
Volume and Issue:
70(12), P. 591 - 605
Published: Dec. 23, 2024
This
paper
investigates
the
effect
of
pre-COVID
credit
constraints
and
moderating
role
government
support
on
agribusiness
resilience
following
outbreak
COVID-19.
Using
a
dataset
covering
42
countries,
we
provide
empirical
evidence
how
firm
characteristics
affect
agribusinesses'
likelihood
survival
performance
during
pandemic.
On
enterprise
level,
size,
foreign
ownership
gender
manager
are
found
to
display
statistically
significant
relationship
with
closure
sales
performance.
The
findings
reveal
that
pre-existing
tended
magnify
negative
impacts
Specifically,
agribusinesses
better
access
finance
were
less
likely
experience
decline
in
exit
from
market
and,
hence,
position
withstand
pandemic-induced
shock.
results
further
highlighted
positive
resilience,
whereas
obtaining
aid
was
have
no
link
between
financial
conditions
resilience.
Finally,
showed
financially
constrained
more
suffer
liquidity/cash
flow
problems
overdue
obligations
In
coping
their
liquidity
shortfalls,
these
formal
delay
payments
suppliers/workers.
