ASSESSING THE RESILIENCE OF TRANSPORT INDUSTRY FIRMS IN TIMES OF CRISIS

Veronica Grosu (), Corina Petrescu (), Anatol Melega () and Florin Brinzei ()
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Veronica Grosu: Stefan cel Mare University of Suceava, 720229, Romania
Corina Petrescu: Stefan cel Mare University of Suceava, 720229, Romania
Anatol Melega: Stefan cel Mare University of Suceava, 720229, Romania
Florin Brinzei: Stefan cel Mare University of Suceava, 720229, Romania

European Journal of Accounting, Finance & Business, 2024, vol. 12, issue 1, 10-15

Abstract: The recent overlapping crises have had a significant impact on the global economy, causing major changes within many industries, reconfiguring virtually entire businesses. In this context, resilience has become a crucial concept for most companies, representing an indicator that assesses their ability to face the challenges of crises and recover. The aim of the research is to assess the resilience and strategies adopted by companies in the European transport industry to maintain their long-term sustainability. The research focuses on the analysis of performance indicators of 566 companies in the European transport industry for the period of 2014-2022. The research results highlight the challenges faced by the sample in the context of overlapping crises, highlighting the need to implement robust strategies to ensure sustainable growth and long-term success in a volatile and unpredictable economic environment.

Date: 2024
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