Deferring cash commitments to mitigate COVID-19 impact on the service sector: a case study of a transition economy

Purpose This study aims to use a comparative analysis examine the channel of deferring cash commitments, which can be seen as strategic solution mitigate impact COVID-19 on Moldova's service sector. Design/methodology/approach paper uses Oaxaca–Blinder decomposition analysis. The World Bank's post-COVID-19 survey is used. methodology takes into account heterogeneity among firms. Findings results show that firms deferred commitments more than industrial firms, corporate governance and their pandemic-related strategies are also effective in post-COVID Moldovan economy. robust different modeling alternatives. Originality/value considered key source uncertainty for especially those operating economies where financial frictions occasionally occur transition Therefore, this shed new light