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Purpose: The purpose of this article is to analyze and evaluate public transportation before and during the COVID-19 pandemic. Design/methodology/approach: The research problem is to what extent the operations of a public transportation company changed during the COVID-19 pandemic. Main hypothesis: actions taken by the urban transportation company caused positive changes in transportation operations during the COVID-19 pandemic. The method used in the article is a case study, analysis of internal company data and method of a document examination. Findings: At Miejski Zaklad Transportu Sp. z o.o. (MZK) Koszalin (MTC) during the COVID-19 pandemic, current liabilities increased to 9,392.51 thousand PLN in 2019 and decreased by 26.49 percent in 2020 during the pandemic, and operating expenses decreased by 4.91 percent, including material and energy consumption by 18.49 percent. The level of inventories remained constant. Due to increased losses of 67.97 percent Research limitations/implications: Difficult access to data/extension of the research period. Practical implications: The company took measures for passenger’s safety like purchasing ticket machines. It is necessary to continuously modify existing lines and launch four new lines to three neighboring municipalities. Social implications: Increasing safety and accessibility for passengers, improving the quality of life of residents. Originality/value: The article shows the phenomenon and scale of public transport in the era of a pandemic. Similar situations may occur with other social, economic or geopolitical threats (crises).
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Purpose: The publication’s purpose is to show how bankruptcy and restructuring of entrepreneurs as an instrument protecting the creditor in the event of the contractor’s insolvency. The article shows how changing the law affects an organisation's ability to operate with variable risk. Design/methodology/approach: The conducted research used an analysis of: domestic and foreign literature, given insolvency and restructuring proceedings, as well as changes in law. As part of the conducted works, the following research hypotheses were raised: H1. implementation of legal changes increased the possibilities of functioning and the development of insolvent entities on the market; H2. interest in restructuring proceedings is increasing, which increases the possibility of recovery for creditors. Findings: The study showed a trend of increasing amounts of restructuring proceedings. As a result, the number of bankruptcies is reduced, as debtors have more time to prepare arrangement proposals for creditors and convince them of the advantages of the arrangement. Originality/value: The content of the study confirms the impact of risk and changes in law on increasing the ability to protect organisations from bankruptcy. The paper is dedicated to people dealing with organisation management and the insolvent entrepreneurs and organisations.
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