PL EN


Preferencje help
Widoczny [Schowaj] Abstrakt
Liczba wyników
2023 | 11 | nr 4 | 91--108
Tytuł artykułu

Anti-crisis Activities and Export Performance in the Covid-19 Pandemic : the Case of Polish Exporters

Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
Objective: The article aims to investigate the impact of anti-crisis activities undertaken by the Polish exporting firms on their export sales during the Covid-19 pandemic.
Research Design & Methods: In our study, we used a quantitative research design. We conducted the survey on the sample of 161 manufacturing Polish exporting firms between April 21 and June 25, 2021. To verify the assumed relationships, we used the probit regression model.
Findings: We found that some firm key features, such as firm size, the territorial scope of international activity, the share of foreign ownership in assets, the degree of innovation, and the presence of a market diversification strategy significantly impacted export sales during the pandemic. The results also suggest that a temporary reduction in employment, the sale of new/adapted products, and the search for new foreign export partners strongly supported the sales growth of Polish exporters during the Covid-19 pandemic.
Implications & Recommendations: This study can be valuable for researchers, managers, and policymakers. First, we highlight activities that promote export/sales during the pandemic period, which can be helpful for both researchers and policymakers in creating support tools for exporters. Second, managers may gain valuable lessons on the importance of having an internationalisation strategy and marketing strategies in place during demand and supply shocks.
Contribution & Value Added: The main novelty is a firm-level analysis of the Covid-19 pandemic impact on exporting firms from the perspective of the anti-crisis activities they undertook, which fills a gap in the literature and informs discussions of the potential impact of Covid-19 on export performance. (original abstract)
Słowa kluczowe
EN
Rocznik
Tom
11
Numer
Strony
91--108
Opis fizyczny
Twórcy
  • Gdańsk University of Technology, Poland
  • Gdansk University of Technology, Poland
  • Gdansk University of Technology, Poland
Bibliografia
  • Acharya, V.V., & Steffen, S. (2020). The Risk of Being a Fallen Angel and the Corporate Dash for Cash in the Midst of COVID. NBER Working Paper, 27601, 1-54. https://doi.org/10.2139/ssrn.3704158
  • Andersen, A.L., Hansen, E.T., Johannesen, N., & Sheridan, A. (2020). Pandemic, Shutdown and Consumer Spending: Lessons from Scandinavian Policy Responses to COVID-19. Retrieved from http://arxiv.org/abs/2005.04630 on January 10, 2023.
  • Androniceanu, A., & Sabie, O.M. (2022). Overview of green energy as a real strategic option for sustainable development. Energies, 15(22), 8573. https://doi.org/10.3390/en15228573
  • Androniceanu, A. (2020). Major structural changes in the EU policies due to the problems and risks caused by COVID-19. Administratie si Management Public, 34, 137-149. https://doi.or/10.24818/amp/2020.34-08
  • Antràs, P. (2020). Conceptual Aspects of Global Value Chains. World Bank Economic Review, 34(3), 551-574. https://doi.org/10.1093/wber/lhaa006
  • Aral, K., Giambona, E., & Aliouchkin, L. (2020). The COVID-19 pandemic: supply chain disruption, wealth effects, and corporate responses. Social Science Research Network, 3686744, https://doi.org/1037.10.2139 /ssrn. 3686744
  • Arenas, G.C., Majune, S., & Montfaucon, A.F. (2022). The Impacts of Lockdown Policies on International Trade in the Philippines. World Bank Policy Research Paper, 9911, 1-62. https://doi.org/10.1162/asep_a_00804
  • Attinasi, M.G., Balatti, M., Mancini, M., & Metell, L. (2021). Supply chain disruptions and the effects on the global economy. EBC Economic Bulletin, 8/2021. Retrieved from https://www.ecb.europa.eu/pub/economic-bulletin/html/eb202108.en.html on January 10, 2023.
  • Aulakh, P.S., Kotabe, M., & Teegen, H. (2000). Export strategies and performance of firms from emerging economies: evidence from Brazil, Chile, and Mexico. Academy of Management Journal, 43(3), 342-361. https://doi.org/10.2307/1556399
  • Baber, W., & Ojala, A. (2021). Change of international business models during COVID-19. In M. Marinov & S. Marinova (Eds.), Covid-19 and International Business Change of Era (pp. 103-112). Routledge.
  • Balleer, A., Link, S., Menkhoff, M., & Zorn, P. (2020). Demand or Supply? Price Adjustment During the Covid-19 Pandemic. Cesifo Working Papers, 8394(August), 1-35. https://doi.org/10.2139/ssrn.3669497
  • Bennedsen, M., Larsen, B., Schmutte, I., & Scur, D. (2020). Preserving job matches during the COVID-19 pandemic: firm-level evidence on the role of government aid. GLO Discussion Paper Series, 588, 1-30. https://doi.org/10.13140/RG.2.2.15337.11366
  • Bilan, Y., Karyuk, V., Grishnova, O., & Mishchuk, H. (2023). The attractiveness of tourism in the conditions of modern challenges: methodology, assessment, prospects. Intellectual Economics, 17(1), 152-177. https://doi.org/10.13165/IE-23-17-1-08
  • Bodur, M. (1994). Foreign market indicators, structural resources and marketing strategies as determinants of export performance. In C.N. Axinn (Ed.), Advances in International Marketing (pp. 183-20), JAI Press Inc., Greenwich.
  • Borino, F., Carlson, E., Rollo, V., & Solleder, O. (2021). International firms and COVID-19: Evidence from a global survey. CEPR Working Papers, 75(7), 30-60. Retrieved from https://cepr.org/system/files/publicationfiles/101427-covid_economics_issue_75.pdf on January 10, 2023.
  • Carletti, E., Oliviero, T., & Subrahmanyam, M.G. (2020). The COVID-19 Shock and Equity Shortfall : Firm-Level Evidence from Italy. The Review of Corporate Finance Studies, 9(3), 534-568. https://doi.org/10.1093/rcfs/cfaa014
  • Cieślik, A., & Michałek, J.J. (2017). Innovation forms and firm export performance: Empirical evidence from ECA countries. Entrepreneurial Business and Economics Review, 5(2), 85-99. https://doi.org/10.15678/EBER.2017.050205
  • Cieślik, B.J., Kaciak, E., & Welsh, D.H.B. (2012). The Impact of Geographic Diversification on Export Performance of Small and Medium- Sized Enterprises (SMEs). Journal of International Entrepreneurship, 10(1), 70-93. https://doi.org/10.1007/s10843-012-0084-7
  • Cos, P., Colom, A., & Cabasés, A. (2019). Geographic export diversification: Determinants and their link with export performance. Thunderbird International Business Review, 61(2), 397-411. https://doi.org/10.1002/tie.21991
  • Dai, R., Feng, H., Hu, J., Jin, Q., Li, H., Wang, R., Wang, R., Xu, L., & Zhang, X. (2021). The impact of COVID-19 on small and medium-sized enterprises (SMEs): Evidence from two-wave phone surveys in China. China Economic Review, 67(February), 101607. https://doi.org/10.1016/j.chieco.2021.101607
  • Dao, L.T., & Hang, N.P.T. (2022). Factors Affecting Tax Compliance Of Enterprises During the Covid-19 Pandemic in Vietnam. Montenegrin Journal of Economics, 18(4), 7-17.
  • Daszkiewicz, N. (2016). Determinanty tempa internacjonalizacji przedsiębiorstw ze szczególnym uwzględnieniem born globals. Studia Ekonomiczne. Zeszyty Naukowe Uniwersytetu Ekonomicznego w Katowicach, 271, 7-16.
  • Daszkiewicz, N., & Wach, K. (2012). Internationalization of SMEs: Context, models and implementation. Gdańsk University of Technology Publishers.
  • Daszkiewicz, N., & Wach, K. (2013). Małe i średnie przedsiębiorstwa na rynkach międzynarodowych. Wydawnictwo Uniwersytetu Ekonomicznego w Krakowie.
  • de Lucio, J., Mínguez, R., Minondo, A., & Requena, F. (2022). Impact of Covid-19 containment measures on trade. International Review of Economics and Finance, 80(February), 766-778. https://doi.org/10.1016/j.iref.2022.02.051
  • Doryń, W. (2016). Eksport według klasy wielkości przedsiębiorstw-analiza struktury. Ekonomia XXI Wieku, (12), 9-21. https://doi.org/10.15611/e21.2016.4.01
  • Fabiani, S., Lamo, A., Messina, J., & Rõõm, T. (2015). European firm adjustment during times of economic crisis. IZA Journal of Labor Policy, 4(1), 1-28. https://doi.org/10.1186/s40173-015-0048-3
  • Eschachasthi, R. (2022). Exporters in the Time of COVID-19 Pandemic : Evidence from Indonesia. Economics and Finance in Indonesia, 68(1), 1-16. Retrieved from http://efi.ui.ac.id/index.php/efi/article/view/945/pdf on January 8, 2023.
  • Fahlenbrach, R., RagethRene, K., & Stulz, M. (2021). How Valuable Is Financial Flexibility when Revenue Stops? Evidence from the COVID-19 Crisis. Review of Financial Studies, 34(11), 5474-5521. https://doi.org/10.1093/rfs/hhaa134
  • Gigauri, I., & Bogacz-Wojtanowska, E. (2022). Effects of the pandemic crisis on social enterprise: A case study from Georgia. Economics and Sociology, 15(2), 312-334. https://doi.org/10.14254/2071-789X.2022/15-2/19
  • Gorynia, M., & Trąpczyński, P. (2022). The Internationalisation of Polish Firms under Covid 19 Conditions - Results of an Exploratory Study, Optimum. Economic Studies, 4(110) 2022, 3-16. https://doi.org/10.15290/oes.2022.04.110.01
  • Gourinchas, P.O., Kalemli-Ozcan, S., Penchiakova, V., & Sander, N. (2022). Estimating SME failures in real time: An application to the Covid-19 crisis. NBER Working Paper Series, 27877, 1-42. Retrieved from https://www.nber.org/system/files/working_papers/w27877/w27877.pdf on February 8, 2023.
  • Hadasik, B., & Kubiczek, J. (2022). E-commerce market environment formed by the COVID-19 pandemic - a strategic analysis. Forum Scientiae Oeconomia, 10(3), 25-52. https://doi.org/10.23762/FSO_VOL10_NO3_2
  • Haddoud, M.Y., Nowinski, W., Jones, P., & Newbery, R. (2019). Internal and external determinants of export performance: Insights from Algeria. Thunderbird International Business Review, 61(1), 43-60. https://doi.org/10.1002/tie.21972
  • Halmai, P. (2022). COVID-19 Crisis and Supply Side Bottlenecks in the EU. Shorter and Longer Term Prospects. Montenegrin Journal of Economics, 18(4), 19-30.
  • Hirsh, S., & Adar, Z. (1974). Firm size and export performance. World Development, 2(7), 41-46. https://doi.org/10.1016/0305-750X(74)90046-1
  • Jaklič, A., & Burger, A. (2020). Complex internationalisation strategies during crises: The case of slovenian exporters during the great recession and covid-19 pandemic. Teorija in Praksa, 57(4), 1018-1041. Retrieved from http://www.dlib.si/?URN=URN:NBN:SI:DOC-29VZ5GVK on January 10, 2023.
  • Jongwanich, J., & Kohpaiboon, A. (2008). Export Performance, Foreign Ownership, and Trade Policy Regime: Evidence from Thai Manufacturing. Asian Development Bank Economics Working Paper Series, 140, 1-41.
  • Kaźmierska-Jóźwiak, B., Sekuła, P., & Socha, B. (2021). Analysis of the effects of COVID-19 on companies listed on the Warsaw Stock Exchange. Forum Scientiae Oeconomia, 9(4), 99-116. https://doi.org/10.23762//FSO_VOL9_NO4_5
  • Kirpalani, V., & McIntosh, N. (1980). International marketing effectiveness of technology-oriented small firms. Journal of International Business Studies, 11, 81-90. https://doi.org/10.1002/tie.5060230310
  • Kiforenko, O. (2023). Correlation between the Greatest Agricultural Products Exporters to the EU: is Ukraine included?. AGRIS On-line Papers in Economics and Informatics, 15(3), 87-103.
  • Kryeziu, L., Bağış, M., Kurutkan,M.N., Krasniqi, B.A., & Haziri, A. (2022). COVID-19 impact and firm reactions towards crisis: Evidence from a transition economy. Journal of Entrepreneurship, Management, and Innovation, 18(1), 169-196. https://doi.org/10.7341/20221816
  • Kudej, M., Gavurova, B., & Rowland, Z. (2021). Evaluation of the selected economic parameters of Czech companies and their potential for overcoming global crises during the Covid-19 pandemic. Journal of International Studies, 14(1), 258-275. https://doi.org/10.14254/2071-8330.2021/14-1/18
  • Kurz, C., & Senses, M.Z. (2016). Importing, exporting, and firm-level employment volatility. Journal of International Economics, 98, 160-175. https://doi.org/10.1016/j.jinteco.2015.08.003
  • Lebastard, L., Matani, M., & Serafini, R. (2023). GVC exporter performance during the COVID-19 pandemic: the role of supply bottlenecks. ECB Working Paper Series, 2766, 1-53. https://doi.org/10.1111/j.1467- 629x.1984.tb00054.x
  • Leonidou, L.C., Katsikeas, C.S., & Samiee, S. (2002). Marketing strategy determinants of export performance: A meta-analysis. Journal of Business Research, 55(1), 51-67. https://doi.org/10.1016/S0148-2963(00)00133-8
  • Li, C., & Lin, X. (2021). COVID-19 and trade: Simulated asymmetric loss. Journal of Asian Economics, 75(101327), 1-12. https://doi.org/10.1016/j.asieco.2021.101327
  • Marinov, M., & Marinova, S. (2021). Challenges to International Business. In M. Marinov & S. Marinova (Eds.), Covid-19 and International Business Change of Era (pp. 26-34). Routledge.
  • Matthee, M., Saville, A., Flowerday, W., & Bezuidenhout, C. (2022). Tougher than the rest? The impact of COVID19 on South African exporters. Journal of Transport and Supply Chain Management, 16, 1-9. https://doi.org/10.4102/jtscm.v16i0.756
  • Meza, F. (2020). Forecasting the impact of the COVID-19 shock on the Mexican economy. Retrieved from https://centrocovid.itam.mx/sites/default/files/paper_forecasting_fm_202008.pdf on January 10, 2023.
  • Mishchuk, H., Bilan, Y., & Mishchuk, V. (2023). Employment risks under the conditions of the Covid-19 pandemic and their impact on changes in economic behaviour. Entrepreneurial Business and Economics Review, 11(2), 201-216. https://doi.org/10.15678/EBER.2023.110211
  • Nikensari, S.I., Puspitasari, N.F.D., Setyadharma, A., & Ratnawati, N. (2021). Determinants of world trade stagnation in three regions. Journal of International Studies, 14(2), 149-164. https://doi.org/10.14254/2071- 8330.2021/14-2/10
  • OECD. (2020). Tackling coronavirus (COVID-19): Contributing to a global effort. SME policy responses. Retrieved from https://www.oecd.org/dac/development-assistance-committee/daccovid19statement.htm on January 15, 2023.
  • OECD. (2022). International trade during the COVID-19 pandemic: Big shifts and uncertainty, Policy Brief, (10 marz 2022). Retrieved from https://read.oecd-ilibrary.org/view/?ref=1129_1129345-casormobh7&title=International-trade-during-the-COVID-19-pandemic on July 15, 2023.
  • Papanikolaou, D., & Schmidt, L. (2020). Working remotely and the supply-side impact of Covid-19. NBER Technical Working Papers, 27330, 1-24. https://doi.org/10.3386/w27330
  • Pham, T., Monkhouse, L., & Barnes, B.R. (2017). The influence of relational capability and marketing capabilities on the export performance of emerging market firms. International Marketing Review, 34(5), 606-628. https://doi.org/10.1108/IMR-07-2014-0235
  • Pini, M., & Tchorek, G. (2022). Comparative analysis of export determinants in Italian and Polish firms: The moderating role of non-family management. Journal of Entrepreneurship, Management and Innovation, 18(2), 41-67. https://doi.org/10.7341/20221822
  • Ramelli, S., & Wagner, A.F. (2020). Feverish stock price reactions to COVID-19. Review of Corporate Finance Studies, 9(3), 622-655. https://doi.org/10.1093/rcfs/cfaa012
  • Reymen, I., Andries, P., Berends, H., Mauer, R., Stephan, U., & van Burg, E. (2018). Understanding dynamics of strategic decision making in venture creation: A process study of effectuation and causation. Strategic Entrepreneurship Journal, 9(4), 351-379. https://doi.org/10.1002/sej.1201
  • Richard, B., & Tomiura, E. (2020). Thinking ahead about the trade impact of COVID-19. In R. Baldwin & B. Weder di Mauro (Eds.), Economics in the Time of COVID-19 (pp. 59-71). Centre for Economic Policy Research.
  • Rybaczewska, M., Kłopocka, A., Kuszewski, T., & Sułkowski, Ł. (2023). Grocery shopping behaviour in the era of COVID-19: Panel data analysis from convenience store sector in England, Scotland and Wales. Economics and Sociology, 16(2), 210-228. https://doi.org/10.14254/2071-789X.2023/16-2/13
  • Sforza, A., & Steininger, M. (2021). Globalization in the Time of COVID-19. Cesifo Working Papers, 8184(March), 1-55. https://doi.org/10.2139/ssrn.3567558
  • Srbinoski, B., Petreski, B., & Petreski, M. (2022). The covid-19 impact on exports in North Macedonia-firm-level analysis. Economic Research-Ekonomska Istrazivanja, 35(1), 7147-7174. https://doi.org/10.1080/1331677X.2022.2063918
  • Szustak, G., Gradoń, W., & Szewczyk, Ł. (2021). Household financial situation during the COVID-19 pandemic with particular emphasis on savings-An evidence from Poland compared to other CEE states. Risks, 9(9), 166. https://doi.org/10.3390/risks9090166
  • Tesar, G. (2020). Effects of COVID-19 on the Export Operations of Smaller Manufacturing Enterprises. In COVID19 and International Business (pp. 267-277). Routledge. https://doi.org/10.4324/9781003108924
  • Wach, K., & Głodowska, A. (2021). How do demographics and basic traits of an entrepreneur impact the internationalization of firms?. Oeconomia Copernicana, 12(2), 399-424. https://doi.org/10.24136/oc.2021.014
  • World Bank. (2020). Global economic prospects: A World Bank Group flagship report (Issue June). Retrieved from http://hdl.handle.net/10986/33748 on January 10, 2023.
  • Vannoorenberghe, G. (2012). Firm-level volatility and exports. Journal of International Economics, 86(1), 57-67.
  • Vološin, J., Smutka, L., & Selby, R. (2011). Analysis of the external and internal influences on the CR agrarian foreign trade. Agricultural Economics, 57(9), 422-435. https://doi.org/10.17221/137/2010-agricecon
  • Xiang, S., Rasool, S., Hang, Y., Javid, K., & Javed, T. (2021). The Effect of COVID-19 Pandemic on Service Sector Sustainability and Growth. Frontiers in Psychology, 12(May), 1-10. https://doi.org/10.3389/fpsyg.2021.633597
  • Zehir, C., Can, E., & Karabog, T. (2015). Linking entrepreneurial orientation to firm performance: The role of differentiation strategy and innovation performance. Procedia-Social and Behavioral Sciences, 201, 358-367. https://doi.org/10.1016/j.sbspro.2015.11.381
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171678915

Zgłoszenie zostało wysłane

Zgłoszenie zostało wysłane

Musisz być zalogowany aby pisać komentarze.
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.