Impact of the global pandemic situation of COVID-19 on the growth of the economic level of private security services in the selected region

University of Zilina, Faculty of Security Engineering, Univerzitna 1, 010 26 Zilina, Slovakia

^* Corresponding author: martin.boros@uniza.sk

Abstract

Research background: The research presented in the article is focused on assessing the impact of measures implemented against the spread of COVID-19 in the conditions of the Slovak Republic. We will focus primarily on curfews, work at home and the like, which are directly related to private security services and have affected the company’s economic situation. An important factor influencing the economic level of society is also the ban on organizing sports events, at which private security services ensure the safety and protection of visitors, athletes and organizers.

Purpose of the article: The aim of the article is to determine the degree of impact of the pandemic situation caused by COVID-19 on the economic level and profitability of the mentioned companies in the selected Slovak region by means of a multi-year financial analysis of private security services.

Methods: The article will use several methods such as financial analysis, profitability analysis, comparison and other scientific methods such as forecasting the future situation in case they would take long-term anti-pandemic measures.

Findings & Value added: The result of the research presented in the article will be an evaluation of the degree of impact on companies operating on the Slovak market in the field of security from the point of view of profitability due to the impossibility of performing employment. Among other things, the expected estimate of the time period that private security services can manage if they would last long-term compared to pandemic measures will be presented.