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  6. Managing the Financial Security of Organ ...

Journal of Security and Sustainability Issues

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Managing the Financial Security of Organizations During the Covid-19 Pandemic – Multivariate Analysis
Volume 11, Issue 1 (2021), pp. 537–546
Juliusz Piwowarski ORCID icon link to view author Juliusz Piwowarski details   Bartosz Kozicki ORCID icon link to view author Bartosz Kozicki details   Marcin Jurgilewicz ORCID icon link to view author Marcin Jurgilewicz details   Norbert Malec ORCID icon link to view author Norbert Malec details  

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https://doi.org/10.47459/jssi.2021.11.49
Pub. online: 5 August 2022      Type: Article      Open accessOpen Access

Received
18 September 2021
Accepted
10 November 2021
Published
5 August 2022

Abstract

The study includes an analysis of the functioning of micro, small and medium-sized enterprises during the COVID-19 pandemic from the perspective of financial security management of these entities. The article covers the identification of threats in the area of finances of the discussed enterprises that arose during the pandemic, as well as the assessment and approach to financial risk management in these entities. As a result, the key categories of threats to the financial security of enterprises, arising during the COVID-19 pandemic, were presented, as well as the assessment of the effectiveness of state services responsible for ensuring financial security. The study focuses on multidimensional data analysis in terms of their grouping and unraveling in terms of comparing the considered variables in terms of dynamics. Initial studies were performed by comparing several variables, and the data were analyzed not only during the COVID-19 pandemic, but also in the pre-pandemic period in terms of observing their fluctuations in dynamic terms, and the relationships between them were also examined.

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Keywords
security finance COVID-19

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Generolo Jono Žemaičio Lietuvos karo akademija Šilo g. 5A., LT-10322 Vilnius, el.p: lka@mil.lt

General Jonas Žemaitis Military Academy of Lithuania  Šilo Str. 5A, LT-10322 Vilnius, Lithuania, e-mail: lka@mil.lt

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