Anti-crisis state regulation of business under pandemic conditions: results and challenges
Economic Annals-ХХI: Volume 187, Issue 1-2, Pages: 90-98
Citation information:
Shchukina, N., Varfalovskaya, V., Bekaeva, A., & Salinas, L. (2021). Anti-crisis state regulation of business under pandemic conditions: results and challenges. Economic Annals-XXI, 187(1-2), 90-98. doi: https://doi.org/10.21003/ea.V187-09
Nadezhda Shchukina
PhD (Economics),
Assistant Professor of the
Department of Economics and Innovative Entrepreneurship,
Faculty of Economics and Law,
MIREA-Russian Technological University (RTU MIREA)
78 Vernadsky Ave., Moscow, 119454, Russian Federation
nada0973@mail.ru, lidia.boudo@yahoo.com
ORCID ID: https://orcid.org/0000-0002-3315-0107
Victoria Varfalovskaya
PhD (Economics),
Associate Professor,
Head, Department of Innovation Management,
Institute of Management Technologies,
MIREA-Russian Technological University (RTU MIREA)
78 Vernadsky Ave., Moscow, 119454, Russian Federation
varfalovski@mail.ru
ORCID ID: https://orcid.org/0000-0003-0237-1350
Anna Bekaeva
PhD (Economics),
Associate Professor of the
Department of Economics and Innovative Entrepreneurship,
Faculty of Economics and Law,
MIREA-Russian Technological University (RTU MIREA)
78 Vernadsky Ave., Moscow, 119454, Russian Federation
pr_anya@mail.ru
ORCID ID: https://orcid.org/0000-0003-0892-2643
Luis Salinas
PhD (Economics),
Assistant Professor,
Department of Industrial Engineering,
New Jersey Institute of Technology
Dr Martin Luther King Jr Blvd, Newark, New Jersey, 07102, USA
ljs2@njit.edu
ORCID ID: https://orcid.org/0000-0002-3264-6805
Anti-crisis state regulation of business under pandemic conditions: results and challenges
Abstract. The purpose of the research is to identify the main trends and also a model for businesses during COVID-19 pandemic. We focuse on the study of the results of state regulation of business under pandemic conditions and the related global economic crisis. The impact of a number of anti-crisis measures implemented by the Government to support small and medium businesses is studied. The problems of development and survival of enterprises in a down economy are identified and the solutions are suggested. The measures taken by the government to prevent wave of bankruptcies during the pandemic are analyzed. The scenario problems facing the business in the context of COVID-19 crisis are identified. In addition to examining the effect of COVID-19 on small and medium-sized businesses, this article also suggests operational steps to overcome this critical situation.
Keywords: Anti-Crisis Management; Government Grants; Preferential Loans; Tax Holidays; Insolvent Enterprises; Moratorium; Debt Restructuring; Bankruptcy Proceedings; Insolvency Officer; Bankruptcy
JEL Classification: E30; E32; L53
Acknowledgements and Funding: The authors received no direct funding for this research.
Contribution: The authors contributed equally to this work.
DOI: https://doi.org/10.21003/ea.V187-09
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https://doi.org/10.1007/978-3-030-40749-0_19
Received 12.12.2020
Received in revised form 4.02.2021
Accepted 7.02.2021
Available online 28.02.2021