Abstract
The objective of this study is to examine the causality between Covid-19 cases growth and business continuity in Indonesia, thus can be formulated the post-Covid business strategies. The Covid-19 cases are modeled into ‘daily case’ and ‘active case’, while business continuity proxied with human mobility to grocery and pharmacy, also to retail and recreation. Using daily data ranging from March to December 2020, the Granger causality results show that there is a bidirectional causality between daily case and grocery-pharmacy business, whereas interestingly there is a unidirectional relationship from retail-recreation business to daily case. In active case model, author found a unidirectional causality from active case to both grocery-pharmacy and retail-recreation business. This research may be used to improve business strategy in order to maintain the business life during the Covid-19 Pandemic in Indonesia.
Highlights
The coronavirus epidemic is principally a human catastrophe, affecting millions of people worldwide
This study is attempted to examine the link between business continuity that reflected by human mobility to the business and covid-19 cases in Indonesia
The human mobility and covid-19 data are daily data obtained from Google Mobility Index and Satgas Penanganan Covid Indonesia
Summary
The coronavirus epidemic is principally a human catastrophe, affecting millions of people worldwide. The coronavirus 2019 (COVID-19) pandemic has brought major disruptions worldwide, with further impacts yet to be felt. Operations are curtailed or dramatically shifted, and supply chains are disrupted (Charles, 2020). The COVID-19 pandemic has advanced rapidly since January 2020, with overwhelming consequences to people and businesses throughout the world. The Institute of Chartered Accountant of England and Wales (ICAEW, 2020) reports that COVID-19 is not just a world health emergency; it is an economic one too. In the view of the audit giant Ernst & Young (2020), businesses are dealing with lost revenue and disrupted supply chains and there has been significant volatility in financial markets
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