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Management of Financial Resources and Profitability of Companies in the Context of the Coronavirus Pandemic Cover

Management of Financial Resources and Profitability of Companies in the Context of the Coronavirus Pandemic

Open Access
|May 2025

Abstract

Natural disasters and risks in the business environment create substantial uncertainties in companies, and resilience becomes a dynamic and adaptive capability that develops over time and is necessary for these companies to respond to difficult conditions and to achieve resilience and multiple resources. The aim of this study is to verify whether the management of financial resources obtained before the coronavirus pandemic crisis stimulates the increase in profitability of companies traded on the Bucharest Stock Exchange (BVB) both on the Regulated and AeRO markets, in the Premium and Standard sections, during and after the crisis. Using the regression analysis we demonstrate that robust growth during the coronavirus pandemic was only registered by companies that had high levels of profitability. It was also found that both leverage and research and development (R&D) investments made by companies before the coronavirus pandemic were important in boosting profitability during the crisis.

DOI: https://doi.org/10.2478/sbe-2025-0008 | Journal eISSN: 2344-5416 | Journal ISSN: 1842-4120
Language: English
Page range: 142 - 162
Published on: May 15, 2025
Published by: Lucian Blaga University of Sibiu
In partnership with: Paradigm Publishing Services
Publication frequency: 3 issues per year

© 2025 Mihaela Neacşu, Diana-Elena David, Iuliana Eugenia Georgescu, published by Lucian Blaga University of Sibiu
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.