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24 pages, 1386 KiB

Open AccessArticle

Innovation Pattern Heterogeneity and Crisis Resilience

by Marina Rybalka and Michael Spjelkavik Mark

Businesses 2023, 3(2), 323-346; https://doi.org/10.3390/businesses3020021 - 31 May 2023

Cited by 2 | Viewed by 2425

We use the new taxonomy for innovative firms developed based on microlevel data from the Community Innovation Survey (CIS2018) on a sample of 6360 Norwegian firms, and information on users of COVID-19-related compensation schemes for firms with significant loss of turnover and furloughed employees to analyse how resilient different innovative firms have been to the crisis (in both the short and the long run). By using different probabilistic regression models, we study the probability of firms being affected negatively during the pandemic period between March 2020 and February 2022 covering three waves of societal restrictions in Norway. Our main assumption is that all firms were hit by a shock at an early stage due to a complete lockdown in March 2020, but that firms were more resilient if they either did not use the compensation schemes or used them for a briefer period than the less resilient firms. We find “active R&D doers” to be most resilient, while “strategic adapters” (firms with a main strategy of producing high-quality products for a specific group of customers) are found to be least resilient. These results imply that pre-existing innovation capabilities are important for meeting the crisis. Full article

(This article belongs to the Special Issue Crisis Management and Innovations Challenges)

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14 pages, 578 KiB

Open AccessArticle

Furloughed Employees’ Voluntary Turnover: The Role of Procedural Justice, Job Insecurity, and Job Embeddedness

by Felix Ballesteros-Leiva, Sylvie St-Onge and Marie-Ève Dufour

Int. J. Environ. Res. Public Health 2023, 20(9), 5664; https://doi.org/10.3390/ijerph20095664 - 27 Apr 2023

Cited by 2 | Viewed by 2763

Abstract

During the COVID-19 lockdown period, several employers used furloughs, that is, temporary layoffs or unpaid leave, to sustain their businesses and retain their employees. While furloughs allow employers to reduce payroll costs, they are challenging for employees and increase voluntary turnover. This study uses a two-wave model (Time 1: n = 639/Time 2: n = 379) and confirms that furloughed employees’ perceived justice in furlough management and job insecurity (measured at Time 1) explain their decision to quit their employer (measured at Time 2). In addition, our results confirm that furloughed employees’ job embeddedness (measured at Time 1) has a positive mediator effect on the relationship between their perceived procedural justice in furlough management (measured at Time 1) and their turnover decision (Time 2). We discuss the contribution of this study to the fields of knowledge and practice related to turnover and furlough management to reduce their financial, human, and social costs. Full article

(This article belongs to the Special Issue The Paradox of Occupational Health and Safety in the New World of Work)

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22 pages, 695 KiB

Open AccessArticle

Dismissals and Temporary Leaves in Romanian Companies in the Context of Low Demand and Cash Flow Problems during the COVID-19 Economic Lockdown

by Elena-Sabina Turnea, Ștefan Andrei Neștian, Silviu Mihail Tiță, Ana Iolanda Vodă and Alexandra Luciana Guță

Sustainability 2020, 12(21), 8850; https://doi.org/10.3390/su12218850 - 25 Oct 2020

Cited by 11 | Viewed by 5812

Abstract

The aim of this study is to describe the relations between low demand, cash flow problems, employee dismissals, and temporary leaves experienced by Romanian companies during the economic lockdown in the first two months of the COVID-19 pandemic outbreak in Romania (16 March–16 May 2020). For this purpose, we conducted a quantitative study using descriptive, correlation, and regression analyses applied to data collected from company decision-makers. Our results show that demand for products/services and cash flow in companies has decreased significantly, the workforce being affected by dismissals and temporary leaves/furloughing. Additionally, the average linear revenue of companies has been decreasing due to insufficient cash flow, higher absenteeism of workers, customers having been affected, and the demand going down. Therefore, employee dismissals, employee temporary leaves (furlough), and dismissal intentions have been positively correlated with insufficient cash flow in companies and an extremely low demand. Full article

(This article belongs to the Special Issue The Influence of COVID-19 on Sustainable Economy)

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