The COVID-19 Crisis and the Financial Impact on Family Firms

Autor: De Zevallos Gino Felix Dodero Ortiz, Clemente-Almendros José Antonio, Rosado María Emilia Bahamondes
Jazyk: angličtina
Rok vydání: 2023
Předmět:
Zdroj: Studies in Business and Economics, Vol 18, Iss 2, Pp 86-108 (2023)
Druh dokumentu: article
ISSN: 2344-5416
DOI: 10.2478/sbe-2023-0026
Popis: 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.
Databáze: Directory of Open Access Journals