INFLUENCE OF COVID 19 ON FINANCING BUSINESS ACTIVITIES: LESSONS
LEARNED FROM SELF-EMPLOYED PERSONS

D 2021

INFLUENCE OF COVID 19 ON FINANCING BUSINESS ACTIVITIES: LESSONS LEARNED FROM SELF-EMPLOYED PERSONS

DUHÁČEK ŠEBESTOVÁ, Jarmila, Pavla POKORNÁ and Petra KREJČÍ

Basic information

Original name

INFLUENCE OF COVID 19 ON FINANCING BUSINESS ACTIVITIES: LESSONS LEARNED FROM SELF-EMPLOYED PERSONS

Authors

DUHÁČEK ŠEBESTOVÁ, Jarmila (203 Czech Republic, guarantor, belonging to the institution), Pavla POKORNÁ (203 Czech Republic, belonging to the institution) and Petra KREJČÍ (203 Czech Republic, belonging to the institution)

Edition

Olomouc, International Days of Science 2021 –Economics, Management, InnovationTen years between the global financial crisis and the crisis of 2020, p. 82-90, 9 pp. 2021

Publisher

Moravian Business College Olomouc

Other information

Language

English

Type of outcome

Stať ve sborníku

Field of Study

50204 Business and management

Country of publisher

Czech Republic

Confidentiality degree

není předmětem státního či obchodního tajemství

Publication form

electronic version available online

RIV identification code

RIV/47813059:19520/21:A0000207

Organization unit

School of Business Administration in Karvina

ISBN

978-80-7455-097-3

Keywords in English

Financial management; decision making; self-employed persons; governmental subsidies

Abstract

V originále

Business activities and their financing depend in many cases on the financial knowledge of the entrepreneur. In a crisis, it is best seen whether the entrepreneur can plan in an unstable environment or rely on external resources, such as business subsidies from governmental resources. This paper's main goal isto present the results of primary research conducted during autumn 2020, which illustrate the current situation within the Covid-19 pandemic on the financial management of sole proprietors and changes in their thinking on investment impact on governmentalsubsidies on that behaviour. The results are based on primary research (177 interviews) in the Czech Republic. Those findings are compared with secondary data –asurvey realized by the Association for SMEs, where 8% of them would survive current restrictions (lasts up to one month). In contrast, about 46% have sufficient reserves for more than three months in emergency mode. Moreover, the study confirmed a negative relationship to public support. Based on these results, this study confirmed that many self-employed people prefer to solve their current situation by their selves, not with governmental assistance.

Citovat

DUHÁČEK ŠEBESTOVÁ, Jarmila, Pavla POKORNÁ and Petra KREJČÍ. INFLUENCE OF COVID 19 ON FINANCING BUSINESS ACTIVITIES: LESSONS LEARNED FROM SELF-EMPLOYED PERSONS. Online. In Zimmermannová Jarmila. International Days of Science 2021 –Economics, Management, InnovationTen years between the global financial crisis and the crisis of 2020. Olomouc: Moravian Business College Olomouc, 2021, p. 82-90. ISBN 978-80-7455-097-3.

@inproceedings{51291,
   author = {Duháček Šebestová, Jarmila and Pokorná, Pavla and Krejčí, Petra},
   address = {Olomouc},
   booktitle = {International Days of Science 2021 –Economics, Management, InnovationTen years between the global financial crisis and the crisis of 2020},
   editor = {Zimmermannová Jarmila},
   keywords = {Financial management; decision making; self-employed persons; governmental subsidies},
   howpublished = {elektronická verze "online"},
   language = {eng},
   location = {Olomouc},
   isbn = {978-80-7455-097-3},
   pages = {82-90},
   publisher = {Moravian Business College Olomouc},
   title = {INFLUENCE OF COVID 19 ON FINANCING BUSINESS ACTIVITIES: LESSONS LEARNED FROM SELF-EMPLOYED PERSONS},
   year = {2021}
}

TY  - JOUR
ID  - 51291
AU  - Duháček Šebestová, Jarmila - Pokorná, Pavla - Krejčí, Petra
PY  - 2021
TI  - INFLUENCE OF COVID 19 ON FINANCING BUSINESS ACTIVITIES: LESSONS LEARNED FROM SELF-EMPLOYED PERSONS
PB  - Moravian Business College Olomouc
CY  - Olomouc
SN  - 9788074550973
KW  - Financial management
KW  - decision making
KW  - self-employed persons
KW  - governmental subsidies
N2  - Business activities and their financing depend in many cases on the financial knowledge of the entrepreneur. In a crisis, it is best seen whether the entrepreneur can plan in an unstable environment or rely on external resources, such as business subsidies from governmental resources. This paper's main goal isto present the results of primary research conducted during autumn 2020, which illustrate the current situation within the Covid-19 pandemic on the financial management of sole proprietors and changes in their thinking on investment impact on governmentalsubsidies on that behaviour. The results are based on primary research (177 interviews) in the Czech Republic. Those findings are compared with secondary data –asurvey realized by the Association for SMEs, where 8% of them would survive current restrictions (lasts up to one month). In contrast, about 46% have sufficient reserves for more than three months in emergency mode. Moreover, the study confirmed a negative relationship to public support. Based on these results, this study confirmed that many self-employed people prefer to solve their current situation by their selves, not with governmental assistance.
ER  -

DUHÁČEK ŠEBESTOVÁ, Jarmila, Pavla POKORNÁ and Petra KREJČÍ. INFLUENCE OF COVID 19 ON FINANCING BUSINESS ACTIVITIES: LESSONS LEARNED FROM SELF-EMPLOYED PERSONS. Online. In Zimmermannová Jarmila. \textit{International Days of Science 2021 –Economics, Management, InnovationTen years between the global financial crisis and the crisis of 2020}. Olomouc: Moravian Business College Olomouc, 2021, p.~82-90. ISBN~978-80-7455-097-3.

Detailed Information on Publication Record