The article analyses the transformations in the value system of the Bulgarians during the Covid crisis. The thesis is substantiated that people should construct their value axis on the highest value life, at the expense of other important and sustainable values such as communication, freedom, connecting individuals and perhaps the most important value for modern man – free choice. The empirical material of the present study contains 200 associative questionnaires. Half of the surveys analysed in this study were conducted in the first months of the crisis March – April 2020, and the other half – a year later. Based on the associations of the words life, good, choice, evil, significant conclusions have been made for the transformation of some values into anti-values and vice versa.
This study mainly investigates the relationship between bank credit and trade credit separately for high-technology and low-technology small and medium-sized enterprises (SMEs) in Portugal with considering the impacts of the COVID crisis. The research results show obvious difference about the relationship between granting trade credit and obtaining bank credit between high-technology and low-technology SMEs. Regarding receiving trade credit and obtaining bank credit, the findings support an independent relationship when considering whether obtaining bank credit or not and a substitute relationship when considering the amount of bank credit. The substitute effect of receiving trade credit on obtaining bank credit reflects the existence of restrictions of bank credit for SMEs; the negative influence of the COVID crisis exacerbates the financial situations and causes strongly substitute effect on low-technology SMEs during and after the crisis. Therefore, the findings yielded enrich the research on externally financing behaviour of SMEs with different technology features from the perspective of bank credit and trade credit.
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