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Quantitative Analysis of Countries’ Initial Responses to COVID-19 Pandemic: The Effect of Change Readiness

Author

Listed:
  • M. Mahdi Moeini Gharagozloo

    (Earl G. Graves School of Business & Management, Morgan State University,USA)

  • Julaine Rigg

    (Earl G. Graves School of Business & Management, Morgan State University, USA)

  • Farinaz Sabz Ali Pour

    (Batten College of Engineering & Technology, Old Dominion University, USA)

  • Chen Chen

    (Strome College of Business, Old Dominion University, USA)

  • Mozhgan Moeini Gharagozloo

    (School of Management, Azad University)

Abstract

Worldwide pandemics, like COVID-19, can cause major disruptions and instill fear in countries globally. 2020 saw the rapid spread of COVID-19, leading to significant loss of life and economic turmoil as nations shut down to combat the virus. This paper explores how a country's change readiness influences its ability to control the spread of an international crisis. We argue that higher change readiness levels help countries better manage risks and uncertainties resulting from environmental changes and shocks. Consequently, greater change readiness enables countries to effectively control crises, especially during pandemics. Our analysis of 135 countries during the COVID-19 pandemic's first three months in 2020 supports our hypotheses. This study enhances our understanding of how a nation's change readiness may impact its crisis management capabilities.

Suggested Citation

  • M. Mahdi Moeini Gharagozloo & Julaine Rigg & Farinaz Sabz Ali Pour & Chen Chen & Mozhgan Moeini Gharagozloo, 2024. "Quantitative Analysis of Countries’ Initial Responses to COVID-19 Pandemic: The Effect of Change Readiness," RAIS Conference Proceedings 2022-2024 0397, Research Association for Interdisciplinary Studies.
  • Handle: RePEc:smo:raiswp:0397
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    References listed on IDEAS

    as
    1. M. Mahdi Moeini Gharagozloo & Chen Chen & Anil Nair & Ali Moeini Gharagozloo, 2022. "A digitalized global economy: Studying the effect of digital readiness of countries on international merger and acquisition flows," Journal of Global Information Technology Management, Taylor & Francis Journals, vol. 25(2), pages 159-187, April.
    2. Chen Chen & M. Mahdi Moeini Gharagozloo & Layla Darougar & Lei Shi, 2022. "The way digitalization is impacting international financial markets: Stock price synchronicity," International Finance, Wiley Blackwell, vol. 25(3), pages 396-415, December.
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    1. Chen Chen & M. Mahdi Moeini Gharagozloo & Layla Darougar & Lei Shi, 2022. "The way digitalization is impacting international financial markets: Stock price synchronicity," International Finance, Wiley Blackwell, vol. 25(3), pages 396-415, December.

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