Political and Economic Institutions and Economic Performance: Evidence from Kosovo

Kryeziu, Liridon; Taş, Ali

doi:10.2478/jeb-2018-0013

Cited by 15 publications

(23 citation statements)

References 62 publications

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“…/ COVID-19 impact and firm reactions towards crisis: Evidence from a transition economy to decreased incomes and low performance. It is important to emphasize that SMEs in Kosovo faced constant growth challenges even during the pandemic situation (Krasniqi, 2007) due to the failed attempt of the government to ensure a stable institutional and business environment (Kryeziu & Coşkun, 2018). The pandemic situation has worsened the situation of SMEs and firms from all industries.…”

Section: Financial Determinants Of Sme Activity In Developing Countriesmentioning

confidence: 99%

“…These findings are not in line with Shen et al (2020) and Chowdhury et al (2020), who suggest that COVID-19 influenced particular industries that were more vulnerable to the pandemic situation. The possible explanation on why all industries in the case of Kosovo have been negatively influenced is that industries are not as developed due to the lack of technological capabilities and focus on becoming more competitive in international markets, due to uncertainty in the business environment and a lack of consistent pro-market reforms (Kryeziu & Coşkun, 2018;Krasniqi, 2007).…”

Section: Financial Determinants Of Sme Activity In Developing Countriesmentioning

confidence: 99%

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COVID-19 impact and firm reactions towards crisis: Evidence from a transition economy

Kryeziu¹,

Bağış²,

Kurutkan³

et al. 2022

JEMI

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PURPOSE: The new situation arising from the COVID-19 pandemic has brought many difficulties for companies worldwide. To combat the pandemic, governments have enforced lockdown and closure of businesses, and in response, companies have developed various reactive strategies to ensure their survival. The purpose of this study is twofold: to examine the impact of COVID-19 on firms and examine firm reactions towards the COVID-19 crisis. The study analyses the impact of COVID-19 on firm size, ownership type, and industry characteristics. Secondly, to analyze firm reactions based on four components: technological preferences, strategic behavior, management practices, and social networks. METHODOLOGY: This study employs a quantitative method, using a survey of 320 firm owners and managers conducted in Kosovo by the Institute of Entrepreneurship and Small Business. FINDINGS: Findings suggest that income dropped significantly for SMEs based on the firm size. Based on industry characteristics, findings show that all industries have been influenced negatively. Regarding the ownership type, findings suggest that family firms are more affected by COVID-19 than non-family firms. Factor analysis suggests that the technological preferences, managerial practices and strategic behavior, and social networks effectively responded to the crisis derived from COVID-19. Findings also suggest that firms did not employ a single reaction (e.g., technological change) but combined several reactions where one reaction led to another reaction that proved effective and led to firm survival during the crisis. IMPLICATIONS: The implications of this study are as follows: firstly, this study examines the impact of COVID-19 and, at the same time, firm reactions to the crisis; secondly, contrary to previous studies, this study shows that all industries have been influenced negatively, including all SMEs; thirdly, this study shows that ownership type was an important factor concerning the impact of COVID-19, where family firms were influenced more than non-family firms; this is due to the distinct characteristic of organizational structure that family firms have, including the involvement of members of family firms. Last, this study shows that a single reaction of firms does not lead to survival, but the chain of reactions combined with dimensions shown above. ORIGINALITY/VALUE: Despite growing theoretical and empirical literature about COVID-19 and firms, this study shows the impact and firm responses towards the crisis of COVID-19. Furthermore, focusing on the context of Kosovo, the study contributes to the challenges that firms face in different cultural and institutional settings.

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Section: Financial Determinants Of Sme Activity In Developing Countriesmentioning

confidence: 99%

Section: Financial Determinants Of Sme Activity In Developing Countriesmentioning

confidence: 99%

COVID-19 impact and firm reactions towards crisis: Evidence from a transition economy

Kryeziu¹,

Bağış²,

Kurutkan³

et al. 2022

JEMI

Self Cite

View full text Add to dashboard Cite

show abstract

“…The study context is a transition economy of Kosovo characterised by deficient formal institutional settings, uncertain business environment and firm internationalisation which is challenging (Kryeziu and Coskun, 2018;Kadriu et al, 2019). Firms in Kosovo face several institutional and non-institutional barriers including the financial, institutional, human and managerial capacities that hamper their growth in the long term (Krasniqi, 2007(Krasniqi, , 2010Dana and Ramadani, 2015).…”

Section: Rq2mentioning

confidence: 99%

Social networks and family firm internationalisation: cases from a transition economy

Kryeziu¹,

Taş

Krasniqi

2021

RIBS

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Purpose The purpose of this study is to examine the impact of family firms’ types of social networks on internationalisation. By investigating the mechanisms and the process and complexity regarding the operation, function and impact of social networks, this paper aims to gain insights and understand the dynamism concerning the content, and process as well as build rich and detailed construct analysis. Design/methodology/approach This study used a qualitative case study as a research strategy to examine the impact of social networks on family firm internationalisation. A qualitative research strategy was used as the impact of networking relations and structure is challenging to be measured statistically. Findings The findings suggest that family firm internationalisation was gradual and characterised by an incremental learning process. This process facilitated the networking relations and structures that helped firms improve their quality, product diversification and set competitive prices. Research limitations/implications This study’s first limitation is that it focused mainly on low technology manufacturing firms. This paper recommends examining how high technology firms maximise social networks. Secondly, this paper examined family firms; therefore, this paper recommends comparing and contrasting networking relations and family and nonfamily firms' social structure. Thirdly, being limited only to social networks, this study did not focus on the impact of ownership; this paper suggests future studies to examine family ownership and involvement in firm internationalisation. Originality/value Understanding how firms’ social network types influence family firms’ internationalisation in a transition economy is critical to ensuring family businesses’ expansion. This study explains how family firms use social networks to internationalise, extending the current understanding of family business literature in transition economies. It also provides implications for policymakers and family firms managers for improving the growth prospects of family businesses.

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“…As pointed out by Schillo, Persaud and Jin (2016) and others (Raza, Muffatto, and Saeed 2019;Ács, Autio, and Szerb 2014), however, relatively few studies have effectively examined the specific institutional factors that impact entrepreneurial activity and intent on a national scale. More recently publications show that scholars are interested on factors impacting entrepreneurial activity at a national level (Pfiefer et al 2021;Kryeziu and Coşkun 2018) and across countries (Sugiyanto and Yolanda 2020;Siljak 2018). These and other authors have suggested that such factors tend to modulate the rate of entrepreneurship at the national level (Ács et al 2012;Audretsch and Keilbach 2008).…”

Section: Background Literature Reviewmentioning

confidence: 99%

Entrepreneurship Factors Among Developed Countries and Emerging Regions

Potts

Affholter

Harless

2021

South East European Journal of Economics and Business

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The paper contributes to the understanding of entrepreneurial activity by assessing the relative importance of eight entrepreneurial readiness factors across countries in different regions and stages of economic development. Drawing on the literature, this paper identifies eight principle national entrepreneurial readiness factors (NERFs) as (1) business freedom; (2) investment freedom; (3) investor protection; (4) property rights protection; (5) technological readiness; (6) innovation; (7) freedom from corruption; and (8) access to risk capital. NERF country data is subjected to a linear regression analysis for each factor’s influence on the sum of all eight factors which is called a country’s National Entrepreneurial Readiness Value (NERV). Six South East European countries, eight South American countries, ten South East Asian countries, and six West African countries are compared against one another and the benchmark of the four largest G7 economies. Results of this analysis are presented and show that investor protection, property rights protection, and freedom from corruption are the most impactful entrepreneurial readiness factors. These findings present future research implications of how these results link to endowments and relate to improving entrepreneurial readiness.

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Political and Economic Institutions and Economic Performance: Evidence from Kosovo

Cited by 15 publications

References 62 publications

COVID-19 impact and firm reactions towards crisis: Evidence from a transition economy

COVID-19 impact and firm reactions towards crisis: Evidence from a transition economy

Social networks and family firm internationalisation: cases from a transition economy

Entrepreneurship Factors Among Developed Countries and Emerging Regions

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