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WERE THE MANUFACTURING COMPANIES RESILIENT IN THE FACE OF COVID-19 OR DID THEY TAKE ADVANTAGE?

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Title: WERE THE MANUFACTURING COMPANIES RESILIENT IN THE FACE OF COVID-19 OR DID THEY TAKE ADVANTAGE?
Authors: SABĂU-POPA, Claudia Diana1, RUS, Luminita1, FLOREA, Adrian2, BAN, Olimpia-Iuliana2 oban@uoradea.ro, DZITAC, Simona3, MARCU, Olivia Andreea4
Source: Technological & Economic Development of Economy. 2024, Vol. 30 Issue 5, p1372-1391. 20p.
Subjects: Business planning, COVID-19 pandemic, Financial performance, Principal components analysis, Organizational performance
Abstract: The research paper aims to build a composite index of the financial performance of companies, to find if the impact of the COVID-19 crisis was significantly positive for most manufacturing companies listed on Bucharest Stock Exchange, and to look if the manufacturing companies were resilient being prepared with savings that could have mitigate the effects of this pandemic crisis. The results of the FE model selected show that 31.67% of the company's equity variation is justified by the two independent variables, the stronger correlation of equity being with reserves. Based on the composite index of financial performance built, the manufacturing companies were grouped in three clusters: a cluster with low financial performance companies (z < 4), a cluster with good financial performance companies (4 = z = 8) and a cluster with high financial performance companies (z > 8). The third cluster groups the most analysed companies, on which the pandemic crisis had a positive impact, which achieved the highest financial performance; they are those companies that take advantage from the COVID-19 crisis, adapting their business strategy to the market conditions imposed. The article adds value to the specialty literature by building the financial performance's composite indicator, clustering the manufacturing companies by financial performance' Z-score. [ABSTRACT FROM AUTHOR]
Copyright of Technological & Economic Development of Economy is the property of Vilnius Gediminas Technical University and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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  Data: WERE THE MANUFACTURING COMPANIES RESILIENT IN THE FACE OF COVID-19 OR DID THEY TAKE ADVANTAGE?
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  Data: &lt;searchLink fieldCode=&quot;DE&quot; term=&quot;%22Business+planning%22&quot;&gt;Business planning&lt;/searchLink&gt;&lt;br /&gt;&lt;searchLink fieldCode=&quot;DE&quot; term=&quot;%22COVID-19+pandemic%22&quot;&gt;COVID-19 pandemic&lt;/searchLink&gt;&lt;br /&gt;&lt;searchLink fieldCode=&quot;DE&quot; term=&quot;%22Financial+performance%22&quot;&gt;Financial performance&lt;/searchLink&gt;&lt;br /&gt;&lt;searchLink fieldCode=&quot;DE&quot; term=&quot;%22Principal+components+analysis%22&quot;&gt;Principal components analysis&lt;/searchLink&gt;&lt;br /&gt;&lt;searchLink fieldCode=&quot;DE&quot; term=&quot;%22Organizational+performance%22&quot;&gt;Organizational performance&lt;/searchLink&gt;
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  Data: The research paper aims to build a composite index of the financial performance of companies, to find if the impact of the COVID-19 crisis was significantly positive for most manufacturing companies listed on Bucharest Stock Exchange, and to look if the manufacturing companies were resilient being prepared with savings that could have mitigate the effects of this pandemic crisis. The results of the FE model selected show that 31.67% of the company&#39;s equity variation is justified by the two independent variables, the stronger correlation of equity being with reserves. Based on the composite index of financial performance built, the manufacturing companies were grouped in three clusters: a cluster with low financial performance companies (z &lt; 4), a cluster with good financial performance companies (4 = z = 8) and a cluster with high financial performance companies (z &gt; 8). The third cluster groups the most analysed companies, on which the pandemic crisis had a positive impact, which achieved the highest financial performance; they are those companies that take advantage from the COVID-19 crisis, adapting their business strategy to the market conditions imposed. The article adds value to the specialty literature by building the financial performance&#39;s composite indicator, clustering the manufacturing companies by financial performance&#39; Z-score. [ABSTRACT FROM AUTHOR]
– Name: AbstractSuppliedCopyright
  Label:
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  Data: &lt;i&gt;Copyright of Technological &amp; Economic Development of Economy is the property of Vilnius Gediminas Technical University and its content may not be copied or emailed to multiple sites without the copyright holder&#39;s express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.&lt;/i&gt; (Copyright applies to all Abstracts.)
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RecordInfo BibRecord:
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      – Type: doi
        Value: 10.3846/tede.2024.20806
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        Text: English
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      Pagination:
        PageCount: 20
        StartPage: 1372
    Subjects:
      – SubjectFull: Business planning
        Type: general
      – SubjectFull: COVID-19 pandemic
        Type: general
      – SubjectFull: Financial performance
        Type: general
      – SubjectFull: Principal components analysis
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      – SubjectFull: Organizational performance
        Type: general
    Titles:
      – TitleFull: WERE THE MANUFACTURING COMPANIES RESILIENT IN THE FACE OF COVID-19 OR DID THEY TAKE ADVANTAGE?
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            NameFull: SABĂU-POPA, Claudia Diana
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              Text: 2024
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