THE RELATIONSHIP BETWEEN ROMANIAN SMEs AND BANKING UNITS DURING THE COVID-19 PANDEMIC
THE RELATIONSHIP BETWEEN ROMANIAN SMEs AND BANKING UNITS DURING THE COVID-19 PANDEMIC

Author(s): Răzvan-Ionuţ Drugă
Subject(s): Social Sciences, Economy, Sociology, Social development
Published by: Editura Universităţii »Alexandru Ioan Cuza« din Iaşi
Keywords: banks; COVID-19 pandemic; SMEs; social responsibility;
Summary/Abstract: The COVID-19 pandemic is one of the most difficult periods faced by many Small and Medium-sized Enterprises (SMEs) in Romania, but also around the world. Some of them were no longer able to carry out their activity, due to the restrictions imposed. This was supported either by the specifics of the sector of activity or by the financial problems faced by the organizations. In response to the challenges, the authorities carried out social responsibility actions to reduce the negative impact of the pandemic. Certain measures concerned the relationship that SMEs have with banking units. Thus, the paper aims to analyze, through a survey, how the relationship between SMEs in Romania and the banking units with which they collaborate was affected, because of the COVID-19 pandemic. Also, the behavioural intentions of the representatives of SMEs regarding the previously mentioned collaboration were analyzed. The conclusions of the paper highlight that the relationships between most SMEs, included in this study, and the banking units with which they collaborate were not affected.

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