A REAL SHOCK (COVID-19 PANDEMIC) - IMPACT ON THE FINANCIAL CRISIS IN THE COMPANY AND THE ECONOMY AS A WHOLE

Abstract

This paper seeks to show the connection among several hypotheses from the scientific paper "Coping with Business Crisis in the EU Periphery: A Case of Bosnia and Herzegovina" and the crisis caused by an unexpected and unpredictable event COVID-19, which affected both enterprises and to the economy as a whole. This paper seeks to prove new hypotheses. The methods used during the research are: Hi square test (Pearson test), descriptive method, cabinet research, survey questionnaire and scenario method. This paper attempts to answer why enterprises worldwide, after only a few weeks of "quarantine", face the problem of illiquidity, which has had a direct negative impact on macroeconomic aggregates. The purpose of the present study is to make a theoretical contribution and expand the existing fundamental knowledge in this area and show which financial restructuring measures can help to overcome the crisis in a stable environment and the environment that was disturbed by the sudden change as COVID-19 outbreak.