Abstract
Research background: The socio-economic consequences of Covid-19 pandemic are visible through changes in the business sector. Companies took various steps to their elimination primarily by protection of employees which went beyond the ordinary legal norms. Therefore, these activities can be described as socially responsible. In Slovakia, CSR is the domain of multinational companies which transfer modern managerial tools to their foreign branches as it is in case of pandemic-related activities. Purpose of the article: Study examined 191 Slovak subsidiaries of foreign multinationals with the purpose to describe factors (legal form, residence in Slovakia, year of establishment, share of foreign ownership, woman in the board) which affecting their COVID-19 related CSR activities (cleanliness, protective equipment, social distancing, prevention, local community, extra benefits). Methods: Procedure based on the Shapiro Wilk test of normality which verify a normal distribution of sample. Next the Durbin–Watson test confirmed no autocorrelation between set variables. After the Kruskal-Wallis nonparametric test was applied with the assumption of statistically significant differences between variables and subsequent Bonferroni post hoc test found relationship between them. Findings & Value added: Study shows the level of emphasis companies place on CSR activities related to COVID-19. Analysis enlightens the differences in this emphasis in case of providing protective equipment between companies of various capital structure. Also, there were differences in prevention between companies of various legal form and predominant gender in the board. Lastly the difference was found in providing extra benefits in companies of differ year of establishment.
Highlights
The COVID-19 pandemic affected the lives of individuals and organizations in several ways
COVID-19 related socially responsible activities of monitored companies were closely examined in six categories (Table 2) reflecting afford which extended law requirements in favour of company’s stakeholders
We believe that the reason of this weak involvement is that research was conducted in the situation of actual lockdown at the time when companies aimed to stabilizing of acute situation and focus on elimination of post COVID problems during season of better epidemiological situation
Summary
The COVID-19 pandemic affected the lives of individuals and organizations in several ways. The costs associated with ensuring the protection of the health and life of employees have increased significantly for companies, which has had a further negative impact on their profits. The first microeconomic effects of the pandemic were raised operating costs on the disinfect premises, hygiene items and protective equipment (Mulugeta et al, 2021) such as drapes, gloves, respirators, and protective clothing. Some companies have gone even further by purchasing thermal sensors, disinfection dispensers, germicidal radiators and other technical equipment ensuring increased hygiene. The most visible managerial change was the transfer to the working from home (Beck and Hensher, 2021) for all employees who were allowed to do so by the nature of their work which significantly affected the operations of organizations
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