Local response to global crisis – the effect of COVID-19 pandemic on SMEs and government export assistance programs in Central California

Xia, Hui Harry; Milevoj, Emil; Goncalves, Marcus

doi:10.1080/15475778.2021.1989566

Cited by 9 publications

(9 citation statements)

References 27 publications

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“…This is because sustainable performance is considered an essential component for organizations. Xia et al (2021) developed the technology-organizationenvironment (TOE) model, used in the present study. The model is helpful when adapting to changing circumstances because it allows one to study the interactions between processes, inputs, and outputs.…”

Section: Introductionmentioning

confidence: 99%

RETRACTED ARTICLE: The impact of COVID-19 on small- and medium-sized enterprises (SMEs): empirical evidence for green economic implications

Razzaq

Waqas

2022

Environ Sci Pollut Res

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Small-and medium-sized enterprises (SMEs) in China have been hit hard by the coronavirus (COVID-19) outbreak, which has jeopardized their going out of business altogether. As a result, this research will shed light on the long-term impacts of COVID-19 lockdown on small businesses worldwide. The information was gathered through a survey questionnaire that 313 people completed. Analyzing the model was accomplished through the use of SEM in this investigation. Management and staff at SMEs worldwide provided the study's data sources. Research shows that COVID-19 has a significantly bad influence on profitability, operational, economic, and access to finance. In the study's findings, outside funding aids have played an important role in SMEs' skill to persist and succeed through technological novelty than in their real output. SME businesses, administrations, and policymakers need to understand the implications of this study's results.

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Section: Introductionmentioning

confidence: 99%

RETRACTED ARTICLE: The impact of COVID-19 on small- and medium-sized enterprises (SMEs): empirical evidence for green economic implications

Razzaq

Waqas

2022

Environ Sci Pollut Res

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“…This is surprising given SMEs’ expressed misgivings towards the complicated processes required by various government agencies to obtain financial relief ( Chern, 2020 ). Relatedly, Xia et al (2021) cited the bureaucratic nature of government programs as a source of SMEs’ complaints in accessing information about government COVID-19 support. Therefore, to determine the presence of a relationship between government support and bureaucracy, the first hypothesis is outlined: H1 : Government support is significantly and positively associated with bureaucracy …”

Section: Government Support and Bureaucracymentioning

confidence: 99%

“…Ultimately, as Chabossou et al (2022) argue, there is a necessity for government support towards SMEs to contain the effect of the pandemic. This is especially important to understand in the export domain because, during the pandemic, ‘SMEs engaged in international trade more actively sought government assistance’ ( Xia et al, 2021 : 204).…”

Section: Introductionmentioning

confidence: 99%

The effect of government support on Bureaucracy, COVID-19 resilience and export intensity: Evidence from North Africa

Onjewu

Olan

Nyuur

et al. 2023

Journal of Business Research

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“…Their common denominator is, for instance, the fact that they see the duration of the pandemic as an unexpected fact and place its effects (mainly economic ones) in a mutual confrontation, primarily with the effects of the global financial crisis, which began to take shape in 2008, e.g., Almeida et al (2021), de Crescenzio and Lepers (2021), Gehrke and Weber (2020), Gunay (2020), Gunay and Can (2022), Li et al (2022), Wilkins et al (2021), etc. In connection with the pandemic, another significant part of the studies is represented by the evaluation of support systems and schemes in individual countries, which were aimed at supporting (financially, socially) the most affected entities, e.g., Brulhart et al (2020), Burdenko et al (2021), Dell'Ariccia et al (2022, Juergensen et al (2020), Roziqin et al (2021), Xia et al (2021), Zamani et al (2022), etc. In connection with this, other studies focus on evaluating the impact of the COVID-19 crisis and the impact of provided financing support systems and schemes from the perspective of the burden on public and government budgets.…”

Section: Literature Reviewmentioning

confidence: 99%

Impact of the COVID-19 Pandemic on the Business Environment in Slovakia

Švábová

Kramárová

2022

Economies

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The COVID-19 pandemic has significantly affected economic development in countries around the world. It has deepened existing problems and increased the need for economic transformation, modernisation, and qualitative development, and launched new technological reforms that have led to the emergence of new economic forms of business models, consumption, as well as policies at the level of the state or local governments. The impacts of the pandemic are still visible in many aspects of life, including economic activity and the individual decisions of economic subjects at the level of households, enterprises, and governments. In this article, we present the results of the impact analysis of the COVID-19 pandemic with an emphasis mainly on the SMEs segment focusing on the tourist, hotel, and gastro industry (generally as one of the most affected by the pandemic). We also analyse the impact of the pandemic on the automotive industry because it is the most important manufacturing industry in Slovakia. Regardless of which industries of the national economy they are operating in, SMEs are assumed to be a driving force of structural changes, increasing employment, and economic growth. SMEs in Slovakia represent approx. 99% of all active enterprises and significantly participate in the success of the national economy. They are also an important factor in cooperation with large enterprises; in the case of Slovakia, the automotive industry should be highlighted (it is an important part of the secondary sector). The analysis and evaluation of the impacts of the COVID-19 pandemic are carried out as a temporal and comparative analysis of the selected economic and industrial indicators relevant to the assessment of the impact of the pandemic on the Slovak business environment. It is an overview study of development; the impact of the pandemic is expressed mostly through the ratio indicators. The basis for time analysis and comparison is data representing the economic status quo before the pandemic (2019), and the ordinary period is represented by data distinctive of the pandemic period (2020, 2021). The results of the analysis indicate that the pandemic had a strong impact on employment and the sales of enterprises operating in the accommodation and catering industries; on the other hand, it did not reflect in the number of defunct enterprises, which points to the potential effectiveness of anti-pandemic measures in terms of state aid for the business sector. The results of this study may serve as a basis for the evaluation of introduced support programs (the evaluation of optimal combination and the impact of fiscal policies during a national/global economic crisis between assisting households, companies, state, and local governments) immediately mitigating the consequences of anti-pandemic measures, but also programs to eliminate the long-term consequences of the pandemic in the business environment in Slovakia. Assessing the situation is also a prerequisite for evaluating the impact of current crises (problems such as the global failure of logistics chains due to the pandemic, inflation, the environmental and energy crisis, and migration due to war conflict and applied sanction measures). In general, it is possible to claim that the pandemic was a huge burden for Slovakia; on the other hand, it was a lesson learned.

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Local response to global crisis – the effect of COVID-19 pandemic on SMEs and government export assistance programs in Central California

Cited by 9 publications

References 27 publications

RETRACTED ARTICLE: The impact of COVID-19 on small- and medium-sized enterprises (SMEs): empirical evidence for green economic implications

RETRACTED ARTICLE: The impact of COVID-19 on small- and medium-sized enterprises (SMEs): empirical evidence for green economic implications

The effect of government support on Bureaucracy, COVID-19 resilience and export intensity: Evidence from North Africa

Impact of the COVID-19 Pandemic on the Business Environment in Slovakia

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