MANAGEMENT OF FINANCIAL RESOURCES AND PROFITABILITY OF COMPANIES IN THE CONTEXT OF THE CORONAVIRUS PANDEMIC

Mihaela Neacșu, Diana-Elena David and Iuliana Eugenia Georgescu
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Mihaela Neacșu: Alexandru Ioan Cuza Univesity, Faculty of Economics and Business Administration, Iași, Romania
Diana-Elena David: Alexandru Ioan Cuza Univesity, Faculty of Economics and Business Administration, Iași, Romania
Iuliana Eugenia Georgescu: Alexandru Ioan Cuza Univesity, Faculty of Economics and Business Administration, Iași, Romania

Studies in Business and Economics, 2025, vol. 20, issue 1, 142-162

Abstract: Natural disasters and risks in the business environment create substantial uncertainties in companies, and resilience becomes a dynamic and adaptive capability that develops over time and is necessary for these companies to respond to difficult conditions and to achieve resilience and multiple resources. The aim of this study is to verify whether the management of financial resources obtained before the coronavirus pandemic crisis stimulates the increase in profitability of companies traded on the Bucharest Stock Exchange (BVB) both on the Regulated and AeRO markets, in the Premium and Standard sections, during and after the crisis. Using the regression analysis we demonstrate that robust growth during the coronavirus pandemic was only registered by companies that had high levels of profitability. It was also found that both leverage and research and development (R&D) investments made by companies before the coronavirus pandemic were important in boosting profitability during the crisis.

Keywords: crisis; coronavirus pandemic; profitability; business environment; organizational resilience (search for similar items in EconPapers)
Date: 2025
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