UTICAJ SPOSOBNOSTI OPORAVKA OD KRIZE NA FINANSIJSKU STABILNOST PREDUZEĆA TOKOM PANDEMIJE COVID-19
THE IMPACT OF CRISIS RECOVERY CAPABILITIES ON THE FINANCIAL STABILITY OF ENTERPRISES DURING THE COVID-19 PANDEMIC

Summary/Abstract: This paper explores the impact of crisis recovery capabilities on the financial stability of companies during the COVID-19 pandemic. The crisis significantly affected the global economy and profoundly altered society, causing a downturn in economic activities worldwide. In addition to affecting the health of a vast number of people, the pandemic restricted movement, travel, trade, production, and caused crises in almost all companies. Movement restrictions led to disruptions in supply chains, and the sudden rise in the prices of raw materials and inputs only exacerbated the crisis. On the demand side, consumption decreased, leading to a sharp reduction in company revenues. The decrease in revenues affected companies' ability to meet their obligations, resulting in borrowing to maintain current liquidity. The aim of the research conducted in Bosnia and Herzegovina was to determine the level of crisis recovery capabilities of companies at the onset of the crisis caused by the emergence of the COVID-19 virus and to emphasize the importance of building crisis recovery capabilities.

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