COVID-19 Pandemic on MSMEs in Bandar Lampung

Abstract

The COVID-19 pandemic has an impact on the global economy, including MSMEs. The purpose of this study was to determine the impact of COVID-19 on the financial performance and labor of MSMEs in the Bandar Lampung banana chip center, as well as the impact of labor on financial performance and labor as an intervening factor. The data collected were analyzed using Partial Least Square. It was found that the COVID-19 pandemic had an impact on financial performance and labor. Additionally, labor had an influence on financial performance. The main strength in this study is the discovery of direct and indirect effects of the COVID-19 pandemic on financial performance, with labor acting as an intervening variable between the COVID-19 pandemic and financial performance. This finding implies that people are used to the new normal life namely by carrying out routine activities while implementing health precautions to avoid the COVID-19 transmission.
 Keywords: COVID-19 pandemic, the effect of COVID-19 pandemic, MSME

Financial Inclusion Through Technology: A Review of Trends in Emerging Markets

“…The COVID-19 pandemic has indeed significantly disrupted various aspects of financial inclusion and has accelerated the digital transformation in response to the crisis. The pandemic has caused disruptions in employment, financial security, and financial performance across different sectors (Emerson et al, 2021;Rababah et al, 2020;Lestari et al, 2022;Yuliansyah et al, 2022;Shadiq & Hanggraeni, 2022). Small and medium-sized companies, as well as womenled SMEs, have been particularly affected by the pandemic, experiencing a decline in financial performance (Chozarira et al, 2023;Yuliansyah et al, 2022).…”

“…The pandemic has caused disruptions in employment, financial security, and financial performance across different sectors (Emerson et al, 2021;Rababah et al, 2020;Lestari et al, 2022;Yuliansyah et al, 2022;Shadiq & Hanggraeni, 2022). Small and medium-sized companies, as well as womenled SMEs, have been particularly affected by the pandemic, experiencing a decline in financial performance (Chozarira et al, 2023;Yuliansyah et al, 2022). Additionally, the pandemic has impacted the financial performance of life insurance companies and the financial system of various countries (Shadiq & Hanggraeni, 2022;Adžić et al, 2022).…”

“…The crisis has also shed light on the limitations and barriers to the implementation of digital innovations, including legal, ethical, and privacy barriers, as well as organizational and workforce barriers (Budd et al, 2020). Additionally, the pandemic has highlighted the significance of understanding the impact of COVID-19 on liquidity, financial position, and financial performance across different sectors and industries (Karim et al, 2021;Yuliansyah et al, 2022). In conclusion, the COVID-19 pandemic has had a profound impact on financial inclusion trends, causing disruptions in various sectors and prompting an acceleration of digital transformation.…”

Pengaruh Covid-19 Terhadap Kinerja Umkm Dimoderasi Inovasi Pada Umkm Di Bandar Lampung

“…Penelitian ini menemukan bahwa dampak pandemi sangat besar pada perekonomian karena penurunan tajam dalam pendapatan penjualan dan kekhawatiran yang berlebihan akan memperburuk dampak pandemi yang dapat mengakibatkan memburuknya kondisi ekonomi pada skala yang lebih besar. Penelitian lainnya yang meneliti tentang pengaruh COVID-19 terhadap kinerja UMKM menemukan bahwa terdapat pengaruh COVID-19 terhadap kinerja UMKM (Bakri, 2021;Yuliansyah et al, 2022).…”