Romeo Mano – Department of Mathematics, Informatics and Physics, Faculty of Natural Sciences, University “Eqrem Çabej” Gjirokastër, Albania
Armela Anamali – Department of Finance and Accounting, Faculty of Business, University “Aleksander Moisu”, Durrës, Albania
Bitila Shosha – Department of Finance and Accounting, Faculty of Business, University “Aleksander Moisu”, Durrës, Albania
6th International Scientific Conference – EMAN 2022 – Economics and Management: How to Cope With Disrupted Times, Ljubljana, Slovenia, March 24, 2022, CONFERENCE PROCEEDINGS, published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia; ISBN 978-86-80194-57-8, ISSN 2683-4510
The first months of 2020 changed life dynamics, both individually and globally. Concern about physical health was soon followed by concern about financial health. Companies, as the main contributors to society, faced a multitude of liabilities and costs, which they were not prepared for. The paralysis of economic activity inevitably led to a money supply deficit. This compelled governments, in cooperation with financial system agents, to alternate mechanisms that would hopefully curb the ‘domino’ effect but also inhibit a deep economic recession. The lack of liquidity to survive and operate throughout the pandemic was a prevailing problem of the time. This article, quite distinct from others, aims at analysing how businesses, by nature of the activity, used debt as an instrument to survive Covid-2019. In addition to the analysis of the use of financial resources by third parties (in this period mainly bank loans), the authors study also their trend, before Covid-19, in the first wave and a year later under the presence of coronavirus.
Debt Ratio; Covid-19; Business activities; Albania; Developing country
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