What determines the adaptation of enterprises to COVID-19 in CAREC member countries : empirical evidence from Azerbaijan, Georgia, Kazakhstan, and Mongolia
Dastan Aseinov, Burulcha Sulaimanova, Kamalbek Karymshakov, and Dina Azhgaliyeva
This study empirically investigated the factors affecting firms' ability to adjust production in response to the COVID-19 outbreak. This study used firm-level survey data from the Enterprise Survey implemented by the World Bank Group, including a standard Enterprise Survey (Baseline) and two waves of Follow-up Surveys conducted in 2020 and 2021, which included questions related to COVID-19 and firm behavior during the pandemic. We used data from four CAREC member countries: Azerbaijan, Georgia, Kazakhstan, and Mongolia. Using a probit model, we studied how different factors, including firm characteristics and government policy, affected the probability that a firm would be able to adjust its activities to the changed conditions. The results showed that firms which successfully adapted to the COVID-19 crisis were younger, foreign firms that had been innovative in the recent past, with female managers, a formal firm strategy with key performance indicators, and their own website.
Year of publication: |
[2022]
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Authors: | Aseinov, Dastan ; Sulaimanova, Burulcha ; Karymshakov, Kamalbek ; Azhgaliyeva, Dina |
Publisher: |
Tokyo, Japan : Asian Development Bank Institute |
Subject: | COVID-19 | micro | small and medium enterprises (MSMEs) | digitalization | adaptation | Central Asia | Caucasus | Coronavirus | KMU | SME | Zentralasien | Kasachstan | Kazakhstan | Aserbaidschan | Azerbaijan | Mongolei | Mongolia | Georgien | Georgia (Country) | Kaukasus | Systemtransformation | Economic transition | Kleinstunternehmen | Micro business |
Saved in:
freely available
Extent: | 1 Online-Ressource (circa 22 Seiten) Illustrationen |
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Series: | Working papers / ADB Institute. - Tokyo : [Verlag nicht ermittelbar], ZDB-ID 2488506-X. - Vol. no. 1299 (January 2022) |
Type of publication: | Book / Working Paper |
Type of publication (narrower categories): | Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper |
Language: | English |
Other identifiers: | hdl:10419/264159 [Handle] |
Classification: | d22 ; J63 - Turnover; Vacancies; Layoffs ; L25 - Firm Size and Performance ; O53 - Asia including Middle East |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10012800706