Subtopic Deep Dive

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Crisis Management in Enterprises
Research Guide

What is Crisis Management in Enterprises?

Crisis Management in Enterprises examines strategies enterprises employ to achieve financial recovery and operational stability amid economic disruptions like recessions and pandemics.

This subtopic analyzes case studies from events such as the 1990 Persian Gulf crisis, London 2011 riots, and COVID-19 pandemic. Key papers include Han and Wang (1998) with 354 citations on earnings management in oil firms, Doern (2014) with 301 citations on small business responses to riots, and Yang et al. (2018) with 240 citations linking ERM to firm performance. Over 1,000 papers explore these dynamics across banking and general enterprises.

Curated Papers

Key Challenges

Why It Matters

Crisis management strategies enable banks and firms to preserve liquidity and competitiveness during shocks, as shown in Barua and Barua (2020) analyzing COVID-19 effects on emerging economy banks (134 citations) and Korzeb and Niedziółka (2020) on Polish bank resistance (126 citations). These approaches protect jobs and economic stability, with Sylkin et al. (2019) modeling anti-crisis processes for financial security (163 citations). Klieštik et al. (2020) highlight financial predictors for sustained competitiveness (184 citations).

Key Research Challenges

Measuring Crisis Resilience

Quantifying enterprise resistance to shocks remains difficult due to varying industry structures and data scarcity. Korzeb and Niedziółka (2020) use two methods to assess Polish banks' COVID-19 resilience, revealing portfolio impacts. Standardized metrics across sectors are lacking.

Integrating ERM Practices

Adopting enterprise risk management for competitive advantage faces barriers from financial literacy gaps. Yang et al. (2018) show ERM mediates performance via advantage, moderated by literacy. Implementation varies by firm size and region.

Modeling Anti-Crisis Processes

Developing models for financial security during crises requires synthesizing diverse threats. Sylkin et al. (2019) propose a methodological approach systematizing anti-crisis application. Validation across global disruptions is incomplete.

Essential Papers

Political costs and earnings management of oil companies during the 1990 Persian Gulf crisis

Jcy Han, SW Wang · 1998 · The Accounting Review · 354 citations

Entrepreneurship and crisis management: The experiences of small businesses during the London 2011 riots

Rachel Doern · 2014 · International Small Business Journal Researching Entrepreneurship · 301 citations

This article examines the impact of a crisis on small firms. Taking a phenomenological research approach, qualitative interviews were conducted to capture the experiences of small businesses direct...

Enterprise Risk Management Practices and Firm Performance, the Mediating Role of Competitive Advantage and the Moderating Role of Financial Literacy

Songling Yang, Muhammad Ishtiaq, Muhammad Anwar · 2018 · Journal of risk and financial management · 240 citations

In the current turbulent market, firms spend lots of tangible and intangible resources to gain competitive advantage and superior performance. Prior studies have discussed several determinants of c...

Remaining Financially Healthy and Competitive: The Role of Financial Predictors

Tomáš Klieštik, Katarína Valášková, George Lăzăroiu et al. · 2020 · Journal of Competitiveness · 184 citations

Financial ratios play an important role in revealing corporate financial soundness, a role which helps to maintain the competitive position of an enterprise, with the achievement of stable developm...

MODELING THE PROCESS OF APPLYING ANTI-CRISIS MANAGEMENT IN THE SYSTEM OF ENSURING FINANCIAL SECURITY OF THE ENTERPRISE

Oleksandr Sylkin, Myroslav Kryshtanovych, Andryi Zachepa et al. · 2019 · Verslas teorija ir praktika · 163 citations

The methodological approach to the application of anti-crisis management in the system of ensuring financial security of the enterprise, unlike the existing ones, summarizes and systematizes the th...

National Security Strategy of Ukraine

A. Zahorulko · 2020 · Hrvatska i komparativna javna uprava · 158 citations

Creating appropriate conditions for a stable development of the individual, society and state, and simultaneously providing a high level of protection of national interests, has been identified as ...

COVID-19 implications for banks: evidence from an emerging economy

Bipasha Barua, Suborna Barua · 2020 · SN Business & Economics · 134 citations

Reading Guide

Foundational Papers

Start with Han and Wang (1998) for earnings management in crises (354 citations), then Doern (2014) for small firm phenomenology (301 citations), and Yazid et al. (2011) for ERM determinants (54 citations) to build core strategy understanding.

Recent Advances

Study Klieštik et al. (2020) on financial predictors (184 citations), Barua and Barua (2020) on COVID-19 bank implications (134 citations), and Kryshtanovych et al. (2021) on safety potential modeling (102 citations).

Core Methods

Core techniques: phenomenological interviews (Doern 2014), ERM mediation analysis (Yang 2018), multi-criteria matrices (Kryshtanovych 2021), and portfolio resistance metrics (Korzeb 2020).

How PapersFlow Helps You Research Crisis Management in Enterprises

Discover & Search

PapersFlow's Research Agent uses searchPapers and citationGraph to map high-citation works like Han and Wang (1998, 354 citations) on Gulf crisis earnings management, then findSimilarPapers for COVID-19 parallels like Barua and Barua (2020). exaSearch uncovers niche banking resilience studies from 250M+ OpenAlex papers.

Analyze & Verify

Analysis Agent employs readPaperContent on Doern (2014) riot case studies, verifyResponse with CoVe for claim accuracy, and runPythonAnalysis to replicate Klieštik et al. (2020) financial ratio predictors using pandas on extracted datasets. GRADE grading scores evidence strength in ERM-performance links from Yang et al. (2018).

Synthesize & Write

Synthesis Agent detects gaps in anti-crisis modeling beyond Sylkin et al. (2019), flags contradictions in bank resilience metrics, and uses exportMermaid for crisis strategy flowcharts. Writing Agent applies latexEditText, latexSyncCitations for Han and Wang (1998), and latexCompile for publication-ready reviews.

Use Cases

"Analyze financial ratios predicting enterprise competitiveness during COVID-19 using Python."

Research Agent → searchPapers('financial predictors crisis') → Analysis Agent → readPaperContent(Klieštik 2020) → runPythonAnalysis(pandas ratio computation, matplotlib plots) → researcher gets verified ratio models and visualizations.

"Draft a LaTeX review on bank crisis management strategies post-COVID."

Synthesis Agent → gap detection(Barua 2020, Korzeb 2020) → Writing Agent → latexEditText(structure), latexSyncCitations(10 papers), latexCompile → researcher gets compiled PDF with diagrams.

"Find code implementations for ERM models in crisis papers."

Research Agent → searchPapers('ERM crisis management') → Code Discovery → paperExtractUrls(Yang 2018) → paperFindGithubRepo → githubRepoInspect → researcher gets runnable ERM simulation code.

Automated Workflows

Deep Research workflow conducts systematic reviews of 50+ papers on COVID-19 banking crises: searchPapers → citationGraph → DeepScan(7-step verification). Theorizer generates theories on ERM evolution from foundational Han and Wang (1998) to recent Kryshtanovych et al. (2021), using CoVe chain-of-verification.

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Frequently Asked Questions

What defines crisis management in enterprises?

It involves strategies for financial recovery and stability during disruptions like recessions or pandemics, analyzed via case studies in papers like Doern (2014) on riots and Barua and Barua (2020) on COVID-19 banks.

What are key methods in this subtopic?

Methods include qualitative interviews (Doern 2014), multi-criteria modeling (Sylkin et al. 2019), and financial ratio analysis (Klieštik et al. 2020) to assess resilience.

What are foundational papers?

Han and Wang (1998, 354 citations) on Gulf crisis earnings management; Doern (2014, 301 citations) on small firms in riots; Li et al. (2014, 68 citations) on ERM in China's insurance.

What open problems exist?

Challenges include standardizing resilience metrics across sectors (Korzeb 2020) and validating anti-crisis models globally beyond regional cases (Sylkin 2019).