Firms, Families, and Local Economy: How Luxury Yacht Firms Are Surviving Covid-19

Uncertainty, innovations and legacies of the Covid-19 pandemic

Firms, Families, and Local Economy: How Luxury Yacht Firms Are Surviving Covid-19

Shahab Zare, Alessia Patuelli, Nicola Lattanzi

This work in progress aims to investigate how firms adapted and reacted to the Covid-19 crisis. To do so, we analyze the yacht industry during the Covid-19 crisis, where hand-work and coordination of people are needed to carry out activities. Our research question is threefold: (i) how did businesses cope and react to the Covid-19 crisis?; (ii) has the family dimension interacted with the businesses dealing with the Covid-19 crisis? (iii) what are the societal consequences of firms’ decision-making under the Covid-19 crisis?

#Covid-19 #crisis management #family firm #local economy #luxury #yacht