Economic Effects of the Covid-19 Pandemic on Entrepreneurship  and Small Businesses

Belitski, Maksim; Guenther, Christina; Kritikos, Alexander S.; Thurik, Roy

doi:10.2139/ssrn.3905065

Cited by 51 publications

(49 citation statements)

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“…Research by Belitski, Guenther, Kritikos, and Thurik (2022) found that the COVID-19 crisis resulted in more small businesses thinking about entrepreneurship in a new way. Thus, the findings of this study support this view by showing that digital platforms enabled farm entrepreneurs to access required information in a timely manner in order to capitalise on business opportunities.…”

Section: Discussion: Development Of a Conceptual Frameworkmentioning

confidence: 99%

Digital platforms and transformational entrepreneurship during the COVID-19 crisis

Ratten

2023

International Journal of Information Management

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Section: Discussion: Development Of a Conceptual Frameworkmentioning

confidence: 99%

Digital platforms and transformational entrepreneurship during the COVID-19 crisis

Ratten

2023

International Journal of Information Management

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“…Fiscal economic reforms, including financial reforms on long-term spending, improved healthcare outcomes, increased life satisfaction, and increased government trust [ 30 ]. The current literature is related to the vulnerability of the coronavirus to different sectors, including renewable energy [ 31 ], higher education [ 32 ], environmental quality [ 33 ], public health [ 34 ], SMEs [ 35 ], and the stock return of pharmaceutical companies [ 36 ]. These studies, in general, concluded that economic activity was mainly depressed during the wake of the COVID-19 pandemic; hence, it is imperative to minimize coronavirus cases to support growth-driven activities worldwide.…”

Section: Review Of the Literaturementioning

confidence: 99%

Does money buy health? evaluation of stock market performance and economic growth in the wake of the COVID-19 pandemic

et al. 2022

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The novel coronavirus pandemic of 2019 (COVID-19) has significantly harmed numerous social and economic activities worldwide, drawing researchers and governments’ attention to the problem and tackling it via persistent healthcare measures. The study’s primary purpose is to examine the effects of total coronavirus cases, total fatalities, total recovered cases, unemployment, and trade openness on stock prices and economic growth in the world’s top 39 affected nations. An analysis of the coronavirus outbreaks found that wealthier countries had a well-established healthcare infrastructure, but they were disproportionately affected by the virus. Conversely, the less wealthy nations had inadequate healthcare infrastructures, but they were not as affected as the wealthier countries. Is it possible to buy health with money? That was the question at the heart of the study’s money-and-health curve. The robust least square regression results indicate that an increase in coronavirus cases influences economic growth and stock market performance due to massive healthcare funding distributed globally, sustaining economic and financial activities for a shorter period. However, a continuous increase in coronavirus fatalities depresses the stock market, resulting in financial depression worldwide. Additionally, a rise in overall coronavirus recovered cases has a negative effect on the country’s economic development and stock market performance because of greater uncertainty in economic and financial activities. Case fatality ratios influence economic growth, whereas case recovery ratios decrease economic and financial performance due to greater healthcare concerns across countries. Finally, trade openness is critical in sustaining the country’s economic development and stock market performance in the wake of the COVID-19 epidemic.

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“…As a result, SMEs had difficulties in repaying loans and interest (Lu et al 2020 ; Robinson and Kengatharan 2020 ) placing unprecedented pressures on operations of many SMEs. These impacts are not uniform across the vast diversity of small firms, however, with construction, hospitality and the arts facing some of the most serious declines (Belitski et al 2022 ; Fairlie 2020 ).…”

Section: Sustainable Smes’ Contributions To Building Resilient Pathwaysmentioning

confidence: 99%

Building urban resilience through sustainability-oriented small- and medium-sized enterprises

et al. 2022

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The unfolding COVID-19 pandemic, and the unprecedented social and economic costs it has inflicted, provide an important opportunity to scrutinize the interplay between the resilience of small and medium-sized enterprises (SMEs) and the resilience of the communities they are embedded in. In this article, we articulate the specific ways that SMEs play a crucial, and underappreciated role in building resilience to human and natural hazards, and provide new opportunities to accelerate the adoption of sustainability practices through the configuration of ‘enabling ecosystems’ geared towards promoting sustainability in the private sector. We argue that capacity-building and experimentation are not only required within companies, but also throughout this emerging supportive ecosystem of policies, resources (i.e. finance, materials, skills), governance actors, and intermediaries to adequately focus investment, technical capabilities and innovation. Ultimately, we call for a new transdisciplinary action research agenda that centers on SMEs as pivotal actors and amplifiers of community resilience; while recognizing that these firms are themselves in need of support to secure their own capacity to respond to, and transform in light of, crises. This research program calls for recognizing and applying the lessons that the pandemic presents to the urgent need for accelerated climate action. This will be enabled by developing more targeted approaches to collaborative capacity-building activities in SMEs that feed into experimentation and allow for the accelerated adoption of deliberate and strategic resilient business practices and models.

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Economic Effects of the Covid-19 Pandemic on Entrepreneurship and Small Businesses

Cited by 51 publications

References 0 publications

Digital platforms and transformational entrepreneurship during the COVID-19 crisis

Digital platforms and transformational entrepreneurship during the COVID-19 crisis

Does money buy health? evaluation of stock market performance and economic growth in the wake of the COVID-19 pandemic

Building urban resilience through sustainability-oriented small- and medium-sized enterprises

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