Economic shocks and perceptions of efficiency changes: the cases of Lithuania and Latvia
ENIn recent years, economic uncertainty has been heightened, including as a result of the economic shocks generated by the COVID-19 pandemic, the Russia–UkraineWar, and the unstable international political situation. These had a global impact on various spheres and influenced all economic processes. However, the lack of available data has made it difficult to investigate the latest global events and their consequences. The latest studies continue to concentrate on the COVID-19 economic crisis. This study investigates accounting specialists’ perceptions of the changes in employee and company efficiency and changes in the main performance indicators during the economic crisis provoked by the COVID-19 pandemic. The research employed an online questionnaire administered to accountants at various levels. Descriptive statistical data analysis methods were used for the evaluation of the survey results. The results show that 86% of respondents had the possibility of working online before the quarantine period, around 30% of respondents indicated an increase in work efficiency when working online, and more than 40% of respondents indicated that the company’s main performance indicators (revenue, cost of sales, profit) remained stable under the quarantine regime. During the pandemic, Latvia experienced greater fluctuations than Lithuania in the main performance indicators, but overall, both countries maintained a positive tendency toward stability and recovery. Keywords: economic shock; efficiency; perception; Lithuania; Latvia. [From the publication]
- Apdirbamosios pramonės skaitmeninimo plėtros tendencijos Lietuvoje: problematika ir perspektyvos / Indrė Sūdžiūtė, Artūras Jakubavičius. Mokslas - Lietuvos ateitis. 2022, t. 14, p. 1-7.
- Baltijos šalių listinguojamų įmonių kapitalo struktūros sąsajų su vidiniais ir išoriniais veiksniais vertinimas ekonominio šoko metu / Odeta Pileckaitė, Rasa Subačienė. Buhalterinės apskaitos teorija ir praktika 2023, t. 27, 1 html.
- Components for measuring the efficiency of the intervention measures to support business, initiated and implemented by the government of Lithuania during the first lockdown / Jelena Nikolajenko, Rasa Viederytė, Agnė Šneiderienė, Ignas Aničas. Sustainability (Basel). 2021, 13, 1031.
- COVID 19 įtaka Lietuvos įmonių ekonominiam saugumui / Inga Kurienė. Visuomenės saugumas ir viešoji tvarka 2022, 29, p. 136-148.
- Digitalisation and e-leadership in local government before COVID-19: results of an exploratory study / Irma Rybnikova, Vita Juknevičienė, Rita Toleikienė, Nora Leach, Inese Āboliņa, Iveta Reinholde, Janika Sillamäe. Forum scientiae oeconomia. 2022, vol. 10, no. 2, p. 173-191.
