Micro, small, and medium enterprises in emerging economies and economic transition: a comparative study between Indonesia and Hungary

Tumiwa, Johan; Nagy, Adrián

doi:10.1504/ijesb.2021.115312

Cited by 6 publications

(6 citation statements)

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“…There is increasing recognition of local SMEs towards employment and economic growth in the Asia Pacific region (Tumiwa and Nagy, 2021). However, the impact of the COVID-19 pandemic enormously hit the operation of local SME firms badly (Tumiwa and Nagy, 2021). In particular, it is vital to explore the factors contributing to the survival strategy of local SMEs, as the secondary data suggested that a large percentage of SMEs will fail within the next few years due to the COVID-19 pandemic (Gourinchas et al , 2021; Boter et al , 2021).…”

Section: Introductionmentioning

confidence: 99%

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Survival strategies of SMEs amidst the COVID-19 pandemic: application of SEM and fsQCA

Rahman

Fattah

Bag³

et al. 2022

JBIM

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Purpose As a global pandemic, the COVID-19 crisis has profoundly affected the development of local firms, threatening the survival of small and medium enterprises (SMEs). This study aims to present an integrated framework by investigating the impact of strategic tools (i.e. firms’ capability of business agility, marketing operational efficiency, optimisation of innovation capability [OIC], managing employees’ satisfaction and rethinking customers’ experience) on the survival strategies of SMEs amidst the COVID-19 pandemic. Design/methodology/approach The current study used data from managers of SMEs and conducted an asymmetrical analysis (i.e. structural equation modelling [SEM]) to investigate the factors influencing the survival strategies of SMEs amidst the COVID-19 pandemic. This study also applied an asymmetrical approach (i.e. fuzzy sets qualitative comparative analysis-fsQCA) to explore the causal recipes and analysis of the necessary conditions to identify the factors required to achieve the expected outcome. Findings Results from SEM support all hypotheses. Results from fsQCA with the same data set show that firms’ business agility and OIC are necessary conditions for SMEs’ survival strategies. The result from fsQCA also reveals multiple sufficient conditions to succeed SMEs’ survival strategies amidst the COVID-19 pandemic. Practical implications Findings prescribe how SMEs adapt to this vulnerable business condition by applying the strategic tools and recipes suggested for survival. Originality/value This research applied an innovative analysis to reveal necessary and sufficient conditions that conventional methods such as SEM have limited power. This pioneering research in the context of the COVID-19 pandemic is considered novel in terms of the prescriptive strategic recipes offered to SMEs to adapt to and survive in the crisis caused by COVID-19.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Survival strategies of SMEs amidst the COVID-19 pandemic: application of SEM and fsQCA

Rahman

Fattah

Bag³

et al. 2022

JBIM

View full text Add to dashboard Cite

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“…Currently, Hungary is a country of energy saving and renewable energy utilization, which is of great significance for its economic development [16]. According to the Compared to other studies, the novelty of this article is reflected in two aspects:…”

Section: Review Of the Literaturementioning

confidence: 94%

“…Currently, Hungary is a country of energy saving and renewable energy utilization, which is of great significance for its economic development [16]. According to the Hungarian National Bank's (MNB) Green Program, the MNB examined utility-scale renewable energy production within the support opportunities and development to strengthen envi-ronmental sustainability in the national financial system [17].…”

Section: Review Of the Literaturementioning

confidence: 99%

Cost–Benefit Analysis of Kaposvár Solar Photovoltaic Park Considering Agrivoltaic Systems

2022

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In the context of the global energy crisis and crucial issues on food, the development and utilization of agrivoltaic (APV) systems could be a way to solve both the energy shortage and agricultural production at the same time and in the same area. As a combination of photovoltaics (PV) and agriculture, agrivoltaics has broad prospects for the future agricultural development of Hungary. Since especially large-scale PV systems can be considered as a potential basis of APV systems, the Kaposvár Solar Power Plant Project in Hungary was analyzed in this study. Two comparative analyses were used: between APV and PV systems, and between APV and apple plantation. An economic model has been developed. The baseline scenario shows that APV systems in current technological and economic conditions are not competitive with PV systems and are also less attractive for agricultural farmers, due to the long return period of the surplus investment cost. By analyzing uncertain factors and seeking possible solutions, the authors’ recommendations for the development, subsidy system and technology might be useful for both farmers and for decision makers to promote APV systems in the future.

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“…The knowledge-based economy as a basis for human resource development and the continuously evolving research and development (R&D) in information and communication technologies are highly important for the European Union and are closely linked to its competitiveness (Bassanini et al, 2000). It is necessary to promote and amplify micro, small, and medium enterprises (MSMEs) to increase their growth and develop them as strong, resilient, efficient, and independent contributors to the national economy (Tumiwa et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

The Integration of Digital Technologies in the European Union based on the DESI Index

2022

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Since the 2000s, the European Commission has been paying particular attention to the digital development of the European economy and society. Since 2014, the Digital Economy and Society Index (DESI) has been one of the key tools for monitoring and measuring. In 2021, the DESI index's core indicators were aligned with the objectives of the 2030 Digital Agenda, which has four dimensions: human capital, connectivity, integration of digital technology, and digital public services. We sought to determine whether convergence between the Member States could be detected using the third dimension of DESI's annual database. The σ-convergence analysis was used to estimate the reduction over time of the differences in digital technology integration between the Member States, while the β-convergence analysis was used to estimate the rate of catching up with the initial level of development. The σ- and β-convergence were not confirmed. We examined the individual indicators (11) of the integration of digital technology to identify critical areas that need to be addressed in the future to ensure that digital inclusion is as widespread as possible. Our analysis focused on the Member States that joined the EU during the Eastern European enlargements. The performance of all individual indicators is typically below the EU average, and, as the β-convergence analysis shows, the average catching-up rate is not encouraging.

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Micro, small, and medium enterprises in emerging economies and economic transition: a comparative study between Indonesia and Hungary

Cited by 6 publications

References 0 publications

Survival strategies of SMEs amidst the COVID-19 pandemic: application of SEM and fsQCA

Survival strategies of SMEs amidst the COVID-19 pandemic: application of SEM and fsQCA

Cost–Benefit Analysis of Kaposvár Solar Photovoltaic Park Considering Agrivoltaic Systems

The Integration of Digital Technologies in the European Union based on the DESI Index

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