COVID-19 Effect on Accelerating Technology and Innovation in Businesses

This paper assesses empirically the COVID-19 effect on businesses and the potential dynamic changes regarding post-COVID-19 automation and technology penetration using various logistic regression models. A field survey was used to collect the necessary data for testing various hypotheses. This stud...

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Main Authors: Husam Arman, Shaikha Al-Fulaij, Sulayman Al-Qudsi, Ahmad Alawadhi, Mohammad Al Ali
Format: Article
Language:English
Published: Vilnius University Press 2024-05-01
Series:Organizations and Markets in Emerging Economies
Subjects:
Online Access:https://www.journals.vu.lt/omee/article/view/32394
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author Husam Arman
Shaikha Al-Fulaij
Sulayman Al-Qudsi
Ahmad Alawadhi
Mohammad Al Ali
author_facet Husam Arman
Shaikha Al-Fulaij
Sulayman Al-Qudsi
Ahmad Alawadhi
Mohammad Al Ali
author_sort Husam Arman
collection DOAJ
description This paper assesses empirically the COVID-19 effect on businesses and the potential dynamic changes regarding post-COVID-19 automation and technology penetration using various logistic regression models. A field survey was used to collect the necessary data for testing various hypotheses. This study demonstrates the severity of the pandemic on businesses and how it has changed their perspectives on technology as a critical aspect of survival and future success. The results showed that capital-intensive firms are more resilient to the crisis. In addition, the firms that were affected severely in terms of employment due to the pandemic believe that technology will significantly impact hiring, investment, and value added. This paper investigates a unique phenomenon represented by COVID-19, its impact on businesses in a resource-rich context and their responsiveness concerning technology deployment and automation.
format Article
id doaj-art-66222e9cd36a46e593fcc6fe956dde20
institution Kabale University
issn 2029-4581
2345-0037
language English
publishDate 2024-05-01
publisher Vilnius University Press
record_format Article
series Organizations and Markets in Emerging Economies
spelling doaj-art-66222e9cd36a46e593fcc6fe956dde202025-01-20T18:21:40ZengVilnius University PressOrganizations and Markets in Emerging Economies2029-45812345-00372024-05-01151(30)10.15388/omee.2024.15.2COVID-19 Effect on Accelerating Technology and Innovation in BusinessesHusam Arman0https://orcid.org/0000-0002-3546-1718Shaikha Al-Fulaij1Sulayman Al-Qudsi 2https://orcid.org/0000-0003-4080-6976Ahmad Alawadhi3Mohammad Al Ali4Kuwait Institute for Scientific Research, KuwaitKuwait Institute for Scientific Research, KuwaitKuwait Institute for Scientific Research, KuwaitKuwait Institute for Scientific Research, KuwaitKuwait Institute for Scientific Research, Kuwait This paper assesses empirically the COVID-19 effect on businesses and the potential dynamic changes regarding post-COVID-19 automation and technology penetration using various logistic regression models. A field survey was used to collect the necessary data for testing various hypotheses. This study demonstrates the severity of the pandemic on businesses and how it has changed their perspectives on technology as a critical aspect of survival and future success. The results showed that capital-intensive firms are more resilient to the crisis. In addition, the firms that were affected severely in terms of employment due to the pandemic believe that technology will significantly impact hiring, investment, and value added. This paper investigates a unique phenomenon represented by COVID-19, its impact on businesses in a resource-rich context and their responsiveness concerning technology deployment and automation. https://www.journals.vu.lt/omee/article/view/32394InnovationCOVID-19AutomationTechnologyProductivity
spellingShingle Husam Arman
Shaikha Al-Fulaij
Sulayman Al-Qudsi
Ahmad Alawadhi
Mohammad Al Ali
COVID-19 Effect on Accelerating Technology and Innovation in Businesses
Organizations and Markets in Emerging Economies
Innovation
COVID-19
Automation
Technology
Productivity
title COVID-19 Effect on Accelerating Technology and Innovation in Businesses
title_full COVID-19 Effect on Accelerating Technology and Innovation in Businesses
title_fullStr COVID-19 Effect on Accelerating Technology and Innovation in Businesses
title_full_unstemmed COVID-19 Effect on Accelerating Technology and Innovation in Businesses
title_short COVID-19 Effect on Accelerating Technology and Innovation in Businesses
title_sort covid 19 effect on accelerating technology and innovation in businesses
topic Innovation
COVID-19
Automation
Technology
Productivity
url https://www.journals.vu.lt/omee/article/view/32394
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AT shaikhaalfulaij covid19effectonacceleratingtechnologyandinnovationinbusinesses
AT sulaymanalqudsi covid19effectonacceleratingtechnologyandinnovationinbusinesses
AT ahmadalawadhi covid19effectonacceleratingtechnologyandinnovationinbusinesses
AT mohammadalali covid19effectonacceleratingtechnologyandinnovationinbusinesses