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Impact of COVID-19 on small and medium-sized enterprises - Dependence of the Azorean economy on foreign markets
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Resumo(s)
The purpose of this Dissertation was to analyse the impact of COVID-19 on SMEs, with a
focus on Azorean companies, and study their performance.
A large part of companies in Portugal are not capable of generating enough cash flow and
when critical times arrive they cannot overcome the difficulties that have appeared due to
external causes and provoked an economic recession. Another problem is that these firms
have a high dependency on foreign buyers and, in recession periods, it becomes harder to
generate income, comply with obligations, and “macro-economically” speaking, increase the
country’s GDP.
Survey results have shown that azorean companies were negatively affected by the Covid-19
pandemic. They feel that the measures implemented by the government weren’t sufficient.
On a positive note, some activity sectors saw their incomes rise as they, mainly, supply the
internal market with necessity goods.
Descrição
Dissertation presented as the partial requirement for obtaining a Master's degree in Statistics and Information Management, specialization in Risk Analysis and Management
Palavras-chave
Financial Crisis Economic Recession Foreign Buyers Internal Market Companies