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Hard Cash in Hard Times—The Effect of Institutional Support for Businesses Shaken by COVID-19

Author

Listed:
  • Zofia Gródek-Szostak

    (Department of Economics and Enterprise Organization, Cracow University of Economics, Ul. Rakowicka 27, 31-510 Krakow, Poland)

  • Jadwiga Adamczyk

    (Department of Economics and Enterprise Organization, Cracow University of Economics, Ul. Rakowicka 27, 31-510 Krakow, Poland)

  • Małgorzata Luc

    (Department of Geographical Information Systems, Cartography and Remote Sensing, Jagiellonian University in Cracow, 30-387 Krakow, Poland)

  • Marcin Suder

    (Department of Applications of Mathematics in Economics, Faculty of Management, AGH University of Science and Technology, 30-067 Krakow, Poland)

  • Justyna Tora

    (Department of Applications of Mathematics in Economics, Faculty of Management, AGH University of Science and Technology, 30-067 Krakow, Poland)

  • Karolina Kotulewicz-Wisińska

    (Department of Political Science, Cracow University of Economics, 31-510 Krakow, Poland)

  • Wojciech Zysk

    (Department of Foreign Trade, Cracow University of Economics, 31-510 Krakow, Poland)

  • Anna Szeląg-Sikora

    (Faculty of Production and Power Engineering, University of Agriculture in Krakow, 30-149 Krakow, Poland)

Abstract

This study analyzed 350 companies based in the Śląskie Province that received financial aid to avoid the negative impacts of COVID-19. This study focused on the structure of companies receiving public support due to their business being at risk of negative impacts from the COVID-19 pandemic in terms of the amount and type of support. It also classified industries by the amount of subsidy. When analyzing the available data, the Kruskal–Wallis test was applied, which is a nonparametric equivalent of the one-way analysis of variance. It was used to test whether the selected factors significantly affect the values of individual measures. Although the amounts of subsidies received vary, they have contributed to preserving at-risk jobs due to the public health crisis and maintaining the competitiveness of affected micro-, small and medium-sized enterprises (SMEs).

Suggested Citation

  • Zofia Gródek-Szostak & Jadwiga Adamczyk & Małgorzata Luc & Marcin Suder & Justyna Tora & Karolina Kotulewicz-Wisińska & Wojciech Zysk & Anna Szeląg-Sikora, 2022. "Hard Cash in Hard Times—The Effect of Institutional Support for Businesses Shaken by COVID-19," Sustainability, MDPI, vol. 14(8), pages 1-18, April.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:8:p:4399-:d:788892
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