What Determines the Adaptation of Enterprises to COVID-19 in CAREC Member Countries: Empirical Evidence from Azerbaijan, Georgia, Kazakhstan, and Mongolia

Authors of this research work investigate the factors affecting firms’ ability to adjust production in response to the COVID-19 outbreak. For the purpose of this research, four CAREC countries were chosen from the survey data conducted by the World Bank: Azerbaijan, Georgia, Kazakhstan, and Mongolia. "The results showed that firms which successfully adapted to the COVID-19 crisis were younger, foreign firms that had been innovative in the recent past, with female managers, a formal firm strategy with key performance indicators, and their own website."

The report is prepared by the ADB in English language. Click here to access the report.

 

Source: ADB

Illustration: ADB