Economic crisis and security concerns of wholesalers in Eastern European and Central Asian countries

Balas, A.N.; Kaya, Halil D.

doi:10.15549/jeecar.v6i2.262

Cited by 2 publications

(1 citation statement)

References 30 publications

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“…On the other hand, we do not see a significant difference for firms with one or more female owners between pre-and post-crisis. Further, when a firm holds an ISO quality certification 3 we are seeing that fewer firms paid for security after the crisis. For this group of firms, while the mean value is 1.30 pre-crisis, it is 1.34 post-crisis (p=0.0099).…”

Section: Empirical Results For Firm Characteristics and Crime Incidencementioning

confidence: 99%

The Global Crisis And Crime: A Look Into Manufacturing Firms

Kaya

Lumpkin-Sowers

2020

SEC

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In this study, we examine how the 2007-2009 Global Crisis affected manufacturing firms’ security spending and losses due to property crime (i.e. theft, robbery, vandalism, and arson) in Eastern Europe and Central Asia. Although we are currently experiencing a new global crisis due to the coronavirus, we cannot examine this current period yet since the current crisis is still ongoing. This article pulls together different literatures on the aftermath of the 2007-2009 Global Crisis in middle income economies, the influence of crisis on global supply chains, and the connections between unemployment and crime, to provide an empirical investigation of the trends in security spending within manufacturing firms across time. We find that fewer firms paid for security after the crisis has passed. On the other hand, the firms that spent money on security after the crisis ended actually spent a larger proportion of their sales on security. Our results indicate that, after the crisis, although fewer firms experienced losses due to crime, certain types of firms changed their spending on security. More of the smallest and largest firms, fewer of the firms with no female owner and fewer of the firms with a male top manager spent money on security after the crisis. Also, the firms with one or more female owner or a male top manager spent more money on security after the crisis. Overall, we find that there is a “gender effect” on security spending. Male and female owners’ spending patterns are different. Also, male and female top managers’ spending patterns are different. Also, our results show that manufacturing firms viewed crime as a much lower obstacle in the business environment after the financial crisis, and most firm-types reported lower losses due to crime after the financial crisis had passed. We are hoping that these findings will guide manufacturing firms with respect to their operational spending. Although an economic crisis may cause crime rates to go up initially, over time, this trend reverses. Therefore, firms may want to recognize this cycle in responding to the next crisis. Keywords: crime, manufacturing, Global Crisis, financial crisis.

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Section: Empirical Results For Firm Characteristics and Crime Incidencementioning

confidence: 99%

The Global Crisis And Crime: A Look Into Manufacturing Firms

Kaya

Lumpkin-Sowers

2020

SEC

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Counteracting legal and economic risks of enterprises under martial law

Franchuk,

Nakonechna,

Moysa

et al. 2024

SLS

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The hyper-dynamic environment in 2024 has already brought considerable changes to the activities of modern enterprises, creating a series of new risks of both legal and economic nature, which increases the relevance of choosing the form of response to them. The purpose of this study was to analyse possible ways of improving the technology of counteracting the factors that facilitate the formation of a crisis situation at an enterprise in the system of managerial decision-making. The research methodology involved the use of formal legal analysis of legislation and the expert method to identify external and internal economic and legal factors, as well as methods of system analysis and hierarchy analysis. As a result, the most significant negative economic and legal factors were identified. A matrix grid between these factors, both internal and external, was presented. The main result of the study is a model that presents a technology for counteracting negative factors that can lead to crisis situations at a modern enterprise in Ukraine. Among these factors, a special place is occupied by those caused by the specific features of the current regulatory framework for the activities of enterprises under martial law, which is based on the Resolution of the Cabinet of Ministers of Ukraine No. 303-2022-p of 2022 and the Law of Ukraine No. 2136-IX “On the Organisation of Labour Relations under Martial Law”. As a result, the proposed technology lays the information foundation for making effective management decisions by key security actors in a modern enterprise. The practical value of this study lies in the possibility of using the proposed approach in the activities of Ukrainian enterprises to meet the information needs of security actors

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Economic crisis and security concerns of wholesalers in Eastern European and Central Asian countries

Cited by 2 publications

References 30 publications

The Global Crisis And Crime: A Look Into Manufacturing Firms

The Global Crisis And Crime: A Look Into Manufacturing Firms

Counteracting legal and economic risks of enterprises under martial law

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