Financial Constraints of the Pro-environmentally Oriented Firms in the Covid-19 Crisis

Environmentally oriented firms are more pressed for resources in general, especially during periods of economic downturn. Since their business plans frequently innovative, they perceived as riskier by financial institutions. Furthermore, the recent global COVID-19 crisis was not primarily related to disruptions, and most governments provided generous widespread support different segments economies. However, evidence on degree which were faced with access finance problems this is still scarce. This paper aims explore extent environmentally-oriented post-transition economies disproportionally affected constraints market disruptions caused pandemics compared non-environmentally firms. The World Bank Enterprise Survey 2019 has been used investigate issue. Based data source, an indicator firm environmental proactivity developed. firms’ pandemic period evaluated based responses from three survey rounds follow-up enterprise survey, covering stages pandemic. countries analysis heterogeneous, consisting both EU members (Bulgaria, Croatia, Slovakia, Slovenia) accession (Bosnia Herzegovina Serbia). lowest percentage having strategy found while highest Slovenia. results, it can be concluded that adopting strategies analyzed mostly follow regulations and/or chose low-cost measures.
 Keywords: constraints, pro-environmental orientation, post-transition, COVID- 19