IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-04367540.html
   My bibliography  Save this paper

Resilience at the heart of the financial function of companies: a lever for sustainability against the effects of crises in Morocco - Case of Covid-19
[La résilience au coeur de la fonction financière des entreprises : levier de pérennité contre les effets des crises au Maroc-Cas du Covid-19. « Resilience at the heart of the financial function of companies: a lever for sustainability against the effects of crises in Morocco -Case of Covid-19. »]

Author

Listed:
  • Ghizlane Barzi

    (ENCGS - Ecole Nationale de Commerce et de Gestion de SETTAT)

  • Bamousse Zineb

    (ENCGS - Ecole Nationale de Commerce et de Gestion de SETTAT)

Abstract

Resilience is a multidisciplinary and polysemous concept that refers to the company's ability to manage its skills in a situation of crisis. In the Moroccan context, companies are currently facing various crises. However, the effects of the Covid-19 pandemic are still present. The objective of this article is to understand the relationship between the need to develop a management mode based on resilience and the sustainability of companies in the national arena. It also aims to carry out a reflexive assessment of the consequences of Covid-19 crisis on the financial function of companies and to formulate proposals to prevent and reduce these far-reaching consequences in the future. Therefore, an empirical study was conducted among 30 companies in the Moroccan industrial sector. The results of the study showed that resilience is a real lever for sustainability against the effects of the Covid-19 crisis.

Suggested Citation

  • Ghizlane Barzi & Bamousse Zineb, 2023. "Resilience at the heart of the financial function of companies: a lever for sustainability against the effects of crises in Morocco - Case of Covid-19 [La résilience au coeur de la fonction financi," Post-Print hal-04367540, HAL.
  • Handle: RePEc:hal:journl:hal-04367540
    Note: View the original document on HAL open archive server: https://hal.science/hal-04367540
    as

    Download full text from publisher

    File URL: https://hal.science/hal-04367540/document
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Daniel Lorenz, 2013. "The diversity of resilience: contributions from a social science perspective," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 67(1), pages 7-24, May.
    2. Fama, Eugene F & Jensen, Michael C, 1983. "Agency Problems and Residual Claims," Journal of Law and Economics, University of Chicago Press, vol. 26(2), pages 327-349, June.
    3. Levine, Ross & Lin, Chen & Xie, Wensi, 2018. "Corporate Resilience to Banking Crises: The Roles of Trust and Trade Credit," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 53(4), pages 1441-1477, August.
    4. Thomas Ahrens & Laurence Ferry, 2020. "Financial resilience of English local government in the aftermath of COVID-19," Journal of Public Budgeting, Accounting & Financial Management, Emerald Group Publishing Limited, vol. 32(5), pages 813-823, August.
    5. Bo Becker & Efraim Benmelech, 2021. "The Resilience of the U.S. Corporate Bond Market During Financial Crises," NBER Working Papers 28868, National Bureau of Economic Research, Inc.
    6. Fernando G. Alberti & Stefania Ferrario & Emanuele Pizzurno, 2018. "Resilience: resources and strategies of SMEs in a new theoretical framework," International Journal of Learning and Intellectual Capital, Inderscience Enterprises Ltd, vol. 15(2), pages 165-188.
    7. Elisa Conz & Stefano Denicolai & Antonella Zucchella, 2017. "The resilience strategies of SMEs in mature clusters," Journal of Enterprising Communities: People and Places in the Global Economy, Emerald Group Publishing Limited, vol. 11(1), pages 186-210, March.
    8. Lucie Bégin & Didier Chabaud, 2010. "La résilience des organisations. Le cas d'une entreprise familiale," Revue française de gestion, Lavoisier, vol. 0(1), pages 127-142.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Baarda, James R., 2003. "Current Law & Economics Debates: Tools for Assessing Fundamental Cooperative Changes?," 2003 Annual Meeting, October 29 31802, NCERA-194 Research on Cooperatives.
    2. Preet Singh & Chitra Singla, 2016. "Executive Stock Options: Will it Work as a Good Governance Mechanism in all Scenarios?," Working Papers id:10985, eSocialSciences.
    3. Itai Ater & Oren Rigbi, 2015. "Price control and advertising in franchising chains," Strategic Management Journal, Wiley Blackwell, vol. 36(1), pages 148-158, January.
    4. Tarek Roshdy Gebba & Mohamed Gamal Aboelmaged, 2016. "Corporate Governance of UAE Financial Institutions: A Comparative Study between Conventional and Islamic Banks," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 6(5), pages 1-7.
    5. Evans, Lewis & Meade, Richard, 2005. "The Role and Significance of Cooperatives in New Zealand Agriculture, A Comparative Institutional Analysis," Working Paper Series 3847, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    6. Ana Raquel Nunes, 2021. "Exploring the interactions between vulnerability, resilience and adaptation to extreme temperatures," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 109(3), pages 2261-2293, December.
    7. William S. Schulze & Michael H. Lubatkin & Richard N. Dino, 2002. "Altruism, agency, and the competitiveness of family firms," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 23(4-5), pages 247-259.
    8. Nicholas B. Rajkovich & Yasmein Okour, 2019. "Climate Change Resilience Strategies for the Building Sector: Examining Existing Domains of Resilience Utilized by Design Professionals," Sustainability, MDPI, vol. 11(10), pages 1-15, May.
    9. Seog S. Hun, 2006. "Limited Competition, Information Asymmetry, and Organizational Forms," Asia-Pacific Journal of Risk and Insurance, De Gruyter, vol. 1(2), pages 1-14, February.
    10. J. David Cummins & Mary A. Weiss & Hongmin Zi, 1998. "Organizational Form and Efficiency: An Analysis of Stock and Mutual Property-Liability Insurers," Center for Financial Institutions Working Papers 97-02, Wharton School Center for Financial Institutions, University of Pennsylvania.
    11. Agnès Labye & Christine Lagoutte & Françoise Renversez, 2002. "Banques mutualistes et systèmes financiers : une analyse comparative Allemagne, Grande-Bretagne, France," Revue d'Économie Financière, Programme National Persée, vol. 67(3), pages 85-109.
    12. Mollah, Sabur & Zaman, Mahbub, 2015. "Shari’ah supervision, corporate governance and performance: Conventional vs. Islamic banks," Journal of Banking & Finance, Elsevier, vol. 58(C), pages 418-435.
    13. Mei, Maggie Qiuzhu & Wang, Le & Yan, Jie, 2023. "Maintaining product quality consistency when offshoring to emerging markets: The role of subsidiary control," Journal of International Management, Elsevier, vol. 29(1).
    14. Ulrike Mayrhoffer & Fabrice Roth, 1999. "Gestion de l'incertitude et influence de la diversification et de la nationalité sur les formes de rapprochement : une comparaison Allemagne, France et Royaume-Uni," Revue Finance Contrôle Stratégie, revues.org, vol. 2(4), pages 135-156, December.
    15. Brogi, Marina & Lagasio, Valentina, 2022. "Better safe than sorry. Bank corporate governance, risk-taking, and performance," Finance Research Letters, Elsevier, vol. 44(C).
    16. Zeng, Shuai & Luo, Changyuan & Zhao, Laixun, 2023. "Destination trade credit and exports: Evidence from cross-country panel data," Journal of International Money and Finance, Elsevier, vol. 137(C).
    17. Isabelle Le Breton–Miller & Danny Miller, 2006. "Why Do Some Family Businesses Out–Compete? Governance, Long–Term Orientations, and Sustainable Capability," Entrepreneurship Theory and Practice, , vol. 30(6), pages 731-746, November.
    18. Emil Inauen & Katja Rost & Margit Osterloh & Bruno S. Frey, 2010. "Back to the Future –A Monastic Perspective on Corporate Governance," management revue - Socio-Economic Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 21(1), pages 38-59.
    19. Roth, Florian & Warnke, Philine & Niessen, Pia & Edler, Jakob, 2021. "Insights into systemic resilience from innovation research," Perspectives – Policy Briefs 03 / 2021, Fraunhofer Institute for Systems and Innovation Research (ISI).
    20. Thomsen, Steen & Pedersen, Torben, 1998. "Industry and ownership structure," International Review of Law and Economics, Elsevier, vol. 18(4), pages 385-402, December.

    More about this item

    Keywords

    risk management resilience factor sustainability financial function cash flow; risk management; resilience factor; sustainability; financial function; cash flow;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-04367540. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.