Perceptions Of Economic Crisis Research Articles

Dynamic Capabilities Perspective of the Firm in Response to the Crisis Economic Environment

This study focuses on the corporate responses and transformation of management practices in crisis economic environment. The dynamic capabilities approach to the firm offers a good theoretical framework for understanding the process of a firm's learning and innovation products, processes and services in rapidly changing circumstances. We conducted a survey to learn business leaders' perceptions of economic crisis and how they have changed in response to the crisis from the dynamic perspectives of the firm. We found that inefficient financial resource selection and ineffective deploy-ment of financial resources by business groups, accompanied by heavy debt-driven business expansion, were the prime factors that contributed to the crises. Increased awareness of the importance of corporate competitiveness received the largest response; increased capability of crisis management, better preparation to deal with future crises through crisis management strategy and routinization of crises management were all important changes in response. The results of this study provide a theoretical framework to understand Korean firms' learning and innovating products and processes after the crisis.

The Impact of Anxiety on Perceptions During the Lockdown of COVID-19

The world faced a new way of organizing everyday life in many countries during 2019. Lockdowns applied in many societies. People adopted a “new way” of living which now is called “the new normal”. The tense days spent under the virus threat made people experience changes in their daily lives, plus it forced them into behaving differently than before when the fear of any pandemic was almost nonexistent. This research was conducted during the days of lockdown and it indicates the feelings people experienced during the conditions of lockdown, in particular: on the magnitude of anxiety they felt, how anxiety may have affected perceptions and behaviors related to economy; furthermore, on the perceptions of economic crisis. Also gender differences were tested regarding the above. An online survey was conducted in Albania from March 22nd to April 4th, 2020, during the lockdown period of COVID-19. Since the 9th of March 2020, the Albanian government started issuing the anti-COVID-19 measures that were toughened later in the following weeks of March and April. The education institutions were closed and other public and private services were limited. The government issued a strict curfew allowing people to go out in limited hours, in some days up to one hour. Some weekends the curfew lasted for 24-48 hours in isolation where citizens were prohibited to walk outside of their homes. Transportation was limited to the employee shuttles and distribution transportation services only. Private cars were not allowed for many weeks. Physical stores were closed; only those selling food could open for limited hours. 1205 respondents participated in this online survey, from which 1061 valid questionnaires were analyzed, in a sample of 66.2% female and 33.8% male, providing data regarding their feelings during quarantine, their decisions related to future spending and how they perceived the future economic situation. The aim is to investigate the relation between anxiety and economic crises perceptions, the levels of anxiety and decision-makings on future spending and if there is any variance affected by gender, in order to have an outcome on the assumption that anxiety feelings may affect peoples’ behavior as consumers. The results of this research show that there are differences between male and female groups on the levels of anxiety experienced during the lockdown and on the level of perception of future economic crisis, but there is no difference between gender groups regarding the decision in reducing future spending. Another finding from this research is that people experiencing high levels of anxiety, were more likely to lessen their future expenses. Also, there is a significant relationship between anxiety and the level of perception on the fear of future economic crisis in the country. People with high levels of anxiety, perceive a higher level of crisis. There is a significant relationship between anxiety and decision-making of reducing the future spending. People with high levels of anxiety, have higher levels of reduction of future spending. The decreasing of future spending is related more to the perception of future economic crisis than to feelings of anxiety.

The influence of the psychological factors upon the entrepreneurial tendency in crisis environments

We aim to determine whether the relationship of psychological factors and environmental factors affecting the entrepreneurial tendency change, due to perceptions of negative economic environment/economic crisis. The study focuses on the way in which perceptions of economic crisis and scarcity of money affects the entrepreneurial tendency of young people. We selected 152 students with Internal Locus of Control/ILC (using Rotter's Locus of Control Scale), and they were involved in four experimental scenarios. The exposure of young people with ILC in crisis conditions significantly affects their entrepreneurial tendency, while the intensity of scarcity of money has an insignificant effect.

A sense of success, perception of economic crisis and the form of occupational activity

A sense of success, perception of economic crisis and the form of occupational activity The studies presented attempt to outline a relationship between a feeling of success, the perception of economic crisis and the form of occupational activity. The article shows the results of empirical research conducted among 341 economically active people and concerns the psychological differences between them in Poland. The theoretical basis of the research is the new model of success by Dej, Stephan, Gorgievsky (2009). This research has proven the existence of significant statistical differences in a sense of success between entrepreneurs, employees in private companies, and employees in state-owned companies, but there are no differences in perception of economic crisis. People who scored a high general result in a feeling of success perceive economic crisis as harmless (r= .238). The results show that being an entrepreneur is the most beneficial activity from a mental health standpoint.

The necessity of “corporatism”: The case of the Hawke labor government

Abstract “Consensual Corporatism” under the Hawke Labor Government is a process of policy decision‐making engendered both by a reaction to perceived past Labor policy‐making failures and the context of the collapse of the long post‐war economic boom. This paper argues: 1) that the perceptions of economic crisis in Australia in 1983 were accurate and that the Hawkeist consensus model was a correct (though not really corporatist) reaction to the policy requirements of the mid‐1980s; 2) that, primarily because of the fragility of the institutional‐cum‐political base of the Hawke “consensual corporatist” policy process it will take an unusual combination of continuous good management and good luck for the model and its progenitor government to survive beyond the next election.