The Effects of Overlapping Crises on Economic Entities in Romania

Abstract

Any business can at some point face a crisis that can endanger its operation and image. The purpose of this research paper is to survey the representatives of 127 economic entities in Romania in order to present the effects of multiple crises on the basic activity of these companies. The first objective considers the review of specialized literature on the subject of multiple crises, and the second objective is focused on the analysis of the companies in the research sample. The results consist in providing an overview of Romanian companies in the context of the manifestation of the covid-19 pandemic crisis, the energy crisis and the geopolitical crisis generated by the Russian-Ukrainian war, but also a set of solutions for companies that are in difficulty because of these crises. The companies included in the sample belong to all fields of activity (trade, production and services) and were analyzed in the period January 2023-October 2023. DOI: https://doi.org/10.53486/dri2024.23; UDC: 005.334:334.72(478); JEL: M10, M41