Government responses to the impact of the global crisis on finance for young and small enterprises

Potter, Jonathan; Thompson, John L.

doi:10.1002/jsc.892

Cited by 6 publications

(5 citation statements)

References 10 publications

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“…Underlying this entire discourse (see Goel & Rishi 2012;Potter and Thompson 2011) is an acceptance of the regulatory and coordinating role of government in the stimulation of entrepreneurial activity. Increasingly, this role may prove important and will be required in developing countries, where the predominance of SMEs -although inferring vibrant entrepreneurial activity -is regarded by scholars (see Wiggins 1995) as indicative of any economy where the likelihood of business failure is particularly high.…”

Section: The Role Of Governmentmentioning

confidence: 99%

Infrastructure deficiency and the performance of small- and medium-sized enterprises in Nigeria’s Liberalised Economy

Obokoh

Goldman

2016

Acta Commercii

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Orientation: The paper investigates the situation facing SME's in Nigeria, who have to function in an environment with depleted infrastructure.Research purpose: To examine the effects of infrastructure deficiency on the performance of manufacturing small and medium sized enterprises in Nigeria.Motivation for the study: Low budgetary allocation by the Nigerian government toward investment and rehabilitation of infrastructure in favor of attempts to conform to the tenets of trade liberalisation, has created a situation where basic infrastructure provision is a huge challenge in the creation of SME's.Research design, approach and method: A longitudinal approach was followed, where a survey was conducted amongst 500 SME's in Nigeria. To complement this, semi-structured interviews were conducted in 2007 and 2011 respectively. Main findings:The deficiency in infrastructure negatively impacts the profitability and performance of SMEs, due to the high cost incurred by SMEs in the self-provision of infrastructure and distribution of finished goods. Furthermore, despite the successful privatisation of electricity production in November 2013, there is still no significant improvement in the power supply in Nigeria. However, the government has embarked on road rehabilitation to ease the transportation of goods and services. Practical/managerial implications:The study uncovers the practical realities of the challenges faced by SME's operating in an environment with insufficient infrastructure, which is typical of much of the developing world.

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Section: The Role Of Governmentmentioning

confidence: 99%

Infrastructure deficiency and the performance of small- and medium-sized enterprises in Nigeria’s Liberalised Economy

Obokoh

Goldman

2016

Acta Commercii

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“…(OECD, 2009) states that access to start-up capital and operating funds were limited to the small enterprises during the 2008 economic downturn (Bank & Fund, 2009), where loan rejection rates were exorbitantly high, and loan repayment became difficult (Fraser, 2009). In the OECD areas, small enterprises faced a decline in their sales, combined with high payment delays and defaults, Page │871 resulting in a decline of creditworthiness and liquidity for these businesses (Potter & Thompson, 2011). According to Runyan (2006), SEs are severely impacted in crises because of their lower levels of vigilance, higher susceptibility, higher reliance on government and local agencies, and greater emotional and financial impact on the owners.…”

Section: Literature Review a Prior Research On Small Enterprises In A...mentioning

confidence: 99%

Small Enterprise Challenges and Responses to the COVID-19 Crisis

Dhar

Farzana²

2021

ijebd

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Purpose: This study proposes a framework combining crisis challenges and response actions for crisis survival of small enterprises during the COVID-19 pandemic in Bangladesh. Design/methodology/approach: We adopted a qualitative research design using a multiple case study method collecting data from four small firms in Bangladesh. Findings: The findings of this study are expected to contribute to the literature on the small enterprise and COVID-19 context, providing useful insight into crisis survival for small firms, especially in developing countries. Research limitations/implications: To counter these challenges, firms adopted short-term and long-term response strategies that resulted in survival for these businesses. Practical implications: We derive a conceptual framework for crisis survival based on the learnings from the cases that would enable small firms to build resilience to crisis episodes. Additionally, we suggest recommendations that small enterprise owners and policymakers can adopt to improve the resilience during exogenous crisis periods. Originality/value: This paper is original Paper type: Research paper

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“…Moreover, the influence of social media becomes greater when consumers seek solutions, but decision makers fail to offer alternatives to resolve the crisis (Potter & Thompson, ). If the incident with Northern Rock occurred at present, consumers will be more likely to turn to social media and to vocalize their criticism and complaints about the company (Istanbulluoglu, ).…”

Section: Conceptual Frameworkmentioning

confidence: 99%

Social media conflicts during the financial crisis: Managerial implications for retail banks

Dineva

Breitsohl

2019

Strategic Change

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Social media can be used proactively to disseminate accurate corporate information and address undesirable consumer behaviors online in order to help counteract negativity in the business environment in the wake of a financial crisis. Social media thus has become a popular open forum for financial institutions such as retail banks to engage in corporate dialogue with consumers. We recommend that financial services firms preemptively use their social media-based online communities in order to disseminate accurate corporate information in times of a financial crisis. Particularly, firms can choose between a range of reactive and proactive strategies to manage social conflict in the wake of a financial crisis. JEL classification code: M31.

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Government responses to the impact of the global crisis on finance for young and small enterprises

Cited by 6 publications

References 10 publications

Infrastructure deficiency and the performance of small- and medium-sized enterprises in Nigeria’s Liberalised Economy

Infrastructure deficiency and the performance of small- and medium-sized enterprises in Nigeria’s Liberalised Economy

Small Enterprise Challenges and Responses to the COVID-19 Crisis

Social media conflicts during the financial crisis: Managerial implications for retail banks

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