Open AccessThe Impact of Global Crisis on the Subsidies PAID to Retailers and Wholesalers in Eastern European and Central Asian Countries
Author(s) -
Ayse Nilgun BALAS,
Halil Dincer KAYA
Publication year - 2019
Publication title -
revista de management comparat internaţional
Language(s) - English
Resource type - Journals
eISSN - 2601-0968
pISSN - 1582-3458
DOI - 10.24818/rmci.2019.1.14
Subject(s) - subsidy , certification , business , financial crisis , quality (philosophy) , economics , market economy , philosophy , management , epistemology , macroeconomics
This study examines the impact of the 2008-2009 global crisis on subsidies paid to retailers and wholesalers. The results indicate that a significantly larger proportion of retailers received subsidies after the global crisis. Female ownership and top manager’s experience level did not matter in receiving significantly higher subsidies after the global crisis, but firm size, firm type, top manager’s gender, and whether or not the firm has an internationally recognized quality certification had made a difference in terms of subsidies received after the crisis. Our results indicate that a significantly larger proportion of wholesalers had received subsidies after the global crisis. While firm size did not matter for wholesalers, firm type, top manager’s gender and experience level, whether or not the firm has a female owner, and whether or not the firm has an internationally recognized quality certification made a difference in terms of subsidies received after the crisis.