THE COVID-19 CRISIS AND THE FINANCIAL IMPACT ON FAMILY FIRMS

Dodero Ortiz DE ZEVALLOS Gino Felix, José Antonio Clemente-Almendros and ROSADO María Emilia Bahamondes
Additional contact information
Dodero Ortiz DE ZEVALLOS Gino Felix: E.P. NEWMAN, Peru
José Antonio Clemente-Almendros: Universidad Internacional De La Rioja, Spain
ROSADO María Emilia Bahamondes: E.P. NEWMAN, Peru

Studies in Business and Economics, 2023, vol. 18, issue 2, 86-108

Abstract: This paper analyses literature related to the impact of COVID-19 on family firms’ financial decisions. Presenting their distinctive characteristics and their responses to both past crises and the current one, the aim is to single out the key factors that ensure these firms' economic continuity. The analysis of the key factors shown in the studies makes it possible to identify and understand behavioural aspects, such as those relating to business resilience, employed by owners of family firms, which take precedence over traditional financial management decisions. The analysis of the financial impact of the current crisis on family firms will help improve their resilience to future exogenous impacts.

Keywords: Family; Firm; Covid; Finance; Resilience (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://magazines.ulbsibiu.ro/eccsf/RePEc/blg/journl/18206dodero.pdf (application/pdf)

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:blg:journl:v:18:y:2023:i:2:p:86-108

Access Statistics for this article

More articles in Studies in Business and Economics from Lucian Blaga University of Sibiu, Faculty of Economic Sciences Lucian Blaga University of Sibiu, Faculty of Economic Sciences Dumbravii Avenue, No 17, postal code 550324, Sibiu, Romania. Contact information at EDIRC.
Bibliographic data for series maintained by Mihaela Herciu ().