Hard Cash in Hard Times—The Effect of Institutional Support for Businesses Shaken by COVID-19

Zofia Gródek-Szostak, Jadwiga Adamczyk, Małgorzata Luc, Marcin Suder, Justyna Tora, Karolina Kotulewicz-Wisińska, Wojciech Zysk and Anna Szeląg-Sikora
Additional contact information
Zofia Gródek-Szostak: Department of Economics and Enterprise Organization, Cracow University of Economics, Ul. Rakowicka 27, 31-510 Krakow, Poland
Jadwiga Adamczyk: Department of Economics and Enterprise Organization, Cracow University of Economics, Ul. Rakowicka 27, 31-510 Krakow, Poland
Małgorzata Luc: Department of Geographical Information Systems, Cartography and Remote Sensing, Jagiellonian University in Cracow, 30-387 Krakow, Poland
Marcin Suder: Department of Applications of Mathematics in Economics, Faculty of Management, AGH University of Science and Technology, 30-067 Krakow, Poland
Justyna Tora: Department of Applications of Mathematics in Economics, Faculty of Management, AGH University of Science and Technology, 30-067 Krakow, Poland
Karolina Kotulewicz-Wisińska: Department of Political Science, Cracow University of Economics, 31-510 Krakow, Poland
Wojciech Zysk: Department of Foreign Trade, Cracow University of Economics, 31-510 Krakow, Poland
Anna Szeląg-Sikora: Faculty of Production and Power Engineering, University of Agriculture in Krakow, 30-149 Krakow, Poland

Sustainability, 2022, vol. 14, issue 8, 1-18

Abstract: This study analyzed 350 companies based in the Śląskie Province that received financial aid to avoid the negative impacts of COVID-19. This study focused on the structure of companies receiving public support due to their business being at risk of negative impacts from the COVID-19 pandemic in terms of the amount and type of support. It also classified industries by the amount of subsidy. When analyzing the available data, the Kruskal–Wallis test was applied, which is a nonparametric equivalent of the one-way analysis of variance. It was used to test whether the selected factors significantly affect the values of individual measures. Although the amounts of subsidies received vary, they have contributed to preserving at-risk jobs due to the public health crisis and maintaining the competitiveness of affected micro-, small and medium-sized enterprises (SMEs).

Keywords: COVID-19; sustainable development; subsidies; business competitiveness (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.mdpi.com/2071-1050/14/8/4399/pdf (application/pdf)
https://www.mdpi.com/2071-1050/14/8/4399/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:14:y:2022:i:8:p:4399-:d:788892

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().