When the rainy day is the worst hurricane ever: the effects of governmental policies on SMEs during COVID-19

Belghitar, Yacine; Moro, Andrea; Radic, Nemanja

doi:10.1007/s11187-021-00510-8

Cited by 91 publications

(57 citation statements)

References 60 publications

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“…Furthermore, in light of the most important global sanitary crisis, our results are interesting to owner-managers who have gone through a long period of uncertainty and turmoil. This crisis has provoked among SMEs halts in investments, important reductions in spendings that include layoffs, cuts in innovation activities (see Belghitar et al, 2021). Different interventions by governments have led to soften some consequences in order to sustain a minimum of economic activity, although the growth in public deficit that results will limit such actions in the future, while more pandemics are to come.…”

Section: Discussionmentioning

confidence: 99%

“…Indeed, in such a context, financial institutions face heavy constraints that render them overcautious about financing risky activities that are connected to the growth of SMEs and for which future benefits are uncertain (Calabrese et al, 2020;Liu et al, 2021). Likewise, public authorities, having supported those companies in times of crises and exacerbated their budget deficits, are unable to sustain their roles of coordination and support to SMEs (Belghitar et al, 2021;Liu et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

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Growing SMEs and internal financing: the role of business practices

Fadil

St‐Pierre

2021

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PurposeThe purpose of this paper is to identify business practices that may promote internal financing of growing SMEs. The authors expand the literature on entrepreneurial finance that reduces business practices to either financial management or bootstrapping, by exploring all management practices that may have an impact on liquidities. This study enriches the literature on business practices. This is an important consideration for managers of SMEs who intend to preserve their financial independence and their capacity to survive different crises.Design/methodology/approachThe empirical study involved a sample of 235 growing Canadian SMEs. The sample was extracted from a private database using a questionnaire that covered a wide range of business practices. Variance testing of business practices between SMEs with a line of credit and those without (and lower overall debt) was supplemented by a logistic regression.FindingsSMEs which make use of efficiency-promoting technology, carry out preventive maintenance and control their costs and turnover during their growth are more inclined to use less external financing.Originality/valueThis is the first study that associates business practices, beyond bootstrapping, with financing and which answers a critical question posed by SME executives on how to preserve their financial and decision-making autonomy through growth stages. In addition, the desire to retain control of the company does not compel the SME manager to limit the size of the company.

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Section: Discussionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Growing SMEs and internal financing: the role of business practices

Fadil

St‐Pierre

2021

JSBED

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“…Thus, some results suggest that weaker firms benefit more than strong ones. Besides, industries that are worst hit by COVID-19 are not those that benefit most from the government support scheme (Belghitar et al, 2021).…”

Section: The Role Of Accounting To Manage the "New Normal"mentioning

confidence: 99%

Accounting for unstable environments in the public sector: managing post-COVID-19 times

Bastida

Bracci

Hoque

2021

JPBAFM

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PurposeThis paper aims at reflecting on the role of accounting and accountability mechanisms in pre-COVID-19 conditions and how it may evolve in “new normal”, post-COVID-19 conditions.Design/methodology/approachMoving from the papers in this special issue, the authors draw on the literature on the social construction and reflective approaches to understand pre- and post-COVID-19 events and the role of accounting therein.FindingsThe “new normal” may exacerbated the difficulty of public sector organizations to manage the uncertainties and risks associated to the new context. While “old” wicked issues remain, such as social inclusion, poverty and corruption, new ones come. The authors speculate on the “new” and “old” roles accounting and accountability can play to support governments.Originality/valueThe paper contributes by setting new research avenues for future studies in a post-COVID-19 era.

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“…COVID-19 pandemic did not only represent a shock for small and large businesses: it has changed the competitive landscape and the business environment in general. The values and habits of the entire world population are changing, modifying products and services demanded as well as the way people work (Belghitar et al 2021 ). Some firms will not survive the crisis, others will need to adapt to the new landscape.…”

Section: Introductionmentioning

confidence: 99%

Thrive during a crisis: the role of digital technologies in fostering antifragility in small and medium-sized enterprises

Corvello

Verteramo

Nocella

et al. 2022

J Ambient Intell Human Comput

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The crisis triggered by the COVID-19 emergency is changing the competitive landscape by pushing companies to adapt to sudden change. Small and medium-sized enterprises (SMEs) that want to survive must innovate their business. Antifragility represents the capability of a system to absorb shocks and get better, allowing it to overcome a crisis and improve its performance. The use of digital technologies by enterprises is expected to play an important role in building antifragility. The aim of this paper is to study how digital technologies can contribute to the development of antifragility in SMEs. This study analyzed the responses to the COVID-19 pandemic crisis of six small and medium-sized enterprises located in Calabria, South of Italy. All the six enterprises have turned the crisis into a business opportunity developing new products, investing in marketing and communication, or starting new collaborations. The research identifies the factors leveraged by the investigated organizations that enabled this anti fragile behavior. They include slack financial resources, strategic agility, and relations with research institutions. The study highlights the positive impact of digital technologies in developing antifragility. Results were summarized into research propositions to be tested in future confirmatory studies. The findings of the study are useful for researchers interested in antifragility and digital technologies in SMEs. The results are also important for entrepreneurs and managers of SMEs, since they can support their decisions in terms of survival and transformation of their companies.

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When the rainy day is the worst hurricane ever: the effects of governmental policies on SMEs during COVID-19

Cited by 91 publications

References 60 publications

Growing SMEs and internal financing: the role of business practices

Growing SMEs and internal financing: the role of business practices

Accounting for unstable environments in the public sector: managing post-COVID-19 times

Thrive during a crisis: the role of digital technologies in fostering antifragility in small and medium-sized enterprises

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