Showing papers in "Business and Society Review in 2021"

Catastrophic impact of Covid-19 on the global stock markets and economic activities

Abstract: This paper intends to know the influence of COVID-19 on the stock markets and economic activities across the world To achieve the purpose, daily panel data of 12 selective countries covering four continents from January to April 2020 have been collected The impact on stock markets has been measured by applying the event study method, while the panel vector autoregressive model has been applied to measure the impact on economic activities The stock index of each country, purchasing managers? index, COVID-19 variables, namely the number of lockdown days, restriction in internal movement, restriction in international travel, fiscal measure, and confirmed cases have been used The study observes the serious negative impact of the pandemic on stock market returns European stock markets are the worst sufferer compared to others All pandemic variables have a negative impact on stock markets;moreover, lockdown days and restriction on movement have a negative impact on economic activities This study considers such countries which significantly represent the world economy and are a serious victim of COVID-19 pandemic The outcome-based recommendations will help governments, regulatory authority, and policymakers to combat the crisis in different dimensions

Personality traits and bricolage as drivers of sustainable social responsibility in family SMEs: A COVID-19 perspective

Abstract: Motivated by the social and environmental challenges resulting from the COVID-19 pandemic, this research examines the influence of the ?big five? personality traits;extroversion, agreeableness, openness, conscientiousness, and neuroticism on sustainable social responsibility with a mediating role of bricolage We collected empirical evidence from 245 family-owned SMEs The results indicate that the personality traits do not directly influence sustainable social responsibility, although the traits (except extroversion) influence bricolage Moreover, we found that open, conscious, and agreeable personalities indirectly contribute to sustainable social responsibility, with bricolage as a mediator Our findings encourage enterprises to focus on those personality traits during crises (especially COVID-19) that empower people to effectively manage existing resources (e g , bricolage) and protect their stakeholders Family-owned SMEs need to assign resource utilization tasks to family members having personalities of openness, conscientiousness, and neuroticism because these kinds of people have high capacities for bricolage