The Competitiveness of Financial Support Measures in the Context of the Pandemic

Abstract

Abstract This article starts from the empirical study of economic and social policies at the European level and has as its main purpose the determination of some solutions to simplify and implement them in favor of the data analysis was essential to see the progress in accessing these measures during the pandemic period to provide conclusions regarding the level of contribution of these aids and how they were or were not distributed depending on the situation in the territory. The present research did not discuss overall evaluation/impact, as the period of implementation and reporting of these types of aid was concurrent. We can consider that the measures for granting financial support from non-reimbursable external funds, related to the Competitiveness Operational Program 2014–2020, in the context of the crisis caused by COVID-19, although effective from the perspective of the expenses incurred, were not effective in covering the demand, especially in the regions considered more developed. Our findings are useful for policymakers such as managers and investors and can help them make the best decision for their managing or investing activities. Moreover, governments need to know how companies respond to the pandemic to identify the sectors of activity that are more vulnerable to the crisis’ effects and the main financial management decisions that must be adopted by companies during times of crises.