2023
DOI: 10.18196/mb.v14i1.15887
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The Role of Social Capital, Innovation, and Capabilities on MSMEs’ Resilience in Economic Hard Times

Abstract: Research aims: As the dust of the COVID-19 pandemic settles, one apparent theme of the resulting economic crisis is uncertainties. The uncertainties especially hurt the MSMEs, which often possess limited organizational resources and capabilities. Referred to the ability to evolve as the environments do, resilience has been seen as a mantra for MSMEs’ survival and success. The purpose of the current study is twofold. Firstly, this study seeks to examine the effect of innovation, resource capability, and social … Show more

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Cited by 5 publications
(5 citation statements)
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“…Following the theory of Chursin & Vlasov (2017), they state that innovation is the basis for achieving competitiveness. The results of this study are consistent with those of Kuratko and Howard Frederick (2016), who state that factors based on economic drivers, economic efficiency, and innovation are the drivers of competitiveness. Chursin & Vlasov (2017) state that innovation is the basis of competitiveness.…”
Section: Discussionsupporting
confidence: 91%
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“…Following the theory of Chursin & Vlasov (2017), they state that innovation is the basis for achieving competitiveness. The results of this study are consistent with those of Kuratko and Howard Frederick (2016), who state that factors based on economic drivers, economic efficiency, and innovation are the drivers of competitiveness. Chursin & Vlasov (2017) state that innovation is the basis of competitiveness.…”
Section: Discussionsupporting
confidence: 91%
“…According to Osterle et al (2001) only innovative enterprises that have business network capabilities can contribute to firm competitiveness. Kuratko & Howard Frederick (2016) state that enterprises grounded on invention affect the establishment competitiveness. The results of exploration conducted in Australia also set that invention was an important factor in supporting the businesses' competitiveness and success, Zaheer (2015).…”
Section: Introductionmentioning
confidence: 99%
“…MSMEs with social capital can start and grow a business, even in economic hard times. Social capital can also increase cohesiveness within an organization, thereby increasing integration and competitiveness (Kussudyarsana et al, 2023). MSMEs are heavily reliant on personal relationships and social capital rather than compliance, formal systems, and structures (OECD, 2022).…”
Section: Discussion Of Findingsmentioning
confidence: 99%
“…A 5-point Likert scale is suitable for measuring these constructs because it allows respondents to indicate their level of agreement or disagreement with a statement. This type of scale is easy to use and can provide valuable data for statistical analysis (Kussudyarsana et al, 2023).…”
Section: Conceptual Frameworkmentioning
confidence: 99%
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