Research
20 of October, 2010Research year: 2010
Recession: Perspective of Enterprises (March 2010)

The survey on the perspective of enterprises about the recession had been repeated for the third time by the Institute for Economic and Enterprise Research.We provide analysis not only on the general characteristics of enterprises and different indicators of conjecture, but also on borrowings, foreign currency risks and financial disciplines of enterprises and the preventive actions they took in order to avoid the negative effects of the recession. Moreover, we had interest in mapping the internet usage habits at Hungarian enterprises. The three datasets are available free of charge at the following web addresshttp://www.ola.gvi.hu/.

The results of the analysis revealed that the Hungarian enterprises did not change their developed techniques and actions in order to avoid the negative effects of the recession. Companies with foreign ownership share and export-oriented companies are usually very adaptive to the new conditions than other companies. Also, there is a strong correlation between the business situation and the adaptation skills: the worse the business situation of an enterprise the broader the range of techniques it adapts to avoid the worst case scenario.

The analysis also reveals that one part of the enterprises were so extensively affected by the recession that they were technically forced to find every possible way to reduce the negative effects. Favorable business situation thereby facilitates long-term strategic planning and action, while bad business situation makes short-term downsizing and production restraint more probable. We also tried to prove our surmise that those companies who use internet actively will be more likely to have a faster recovery from the recession but this hypotheses could not be fully tested and measured by solely relying on data about the business situation of enterprises.

The findings based on the three datasets were presented in English at CIRET Conference, Economic Tendency Surveys and the Services Sector on the 14thOctober 2010. See also (https://www.ciret.org/conferences/newyork_2010).The analysis, the power point slides and the survey of the research (from March and June) can be found and downloaded in the appendix.

Related documents
  • Paper for the CIRET conference (paper, pdf, 239.49 KB)
  • PPT for the CIRET conference (presentation, ppt, 1.23 MB)
Related research fieldCompanies' Behaviour
Related labelsciret, enterprise survey