Resilience of Spanish Firms: a comparative analysis of large and small businesses in the face of 008 financial crisis and COVID-19 DOI Creative Commons
José Sevilla Ruiz, Cristina Ruiz-Martín, José Juan Nebro Mellado

et al.

International journal of production management and engineering, Journal Year: 2025, Volume and Issue: 13(1), P. 45 - 58

Published: Jan. 31, 2025

The global impact of the COVID-19 crisis has revealed divergent outcomes for businesses, with large corporations thriving while small companies facing challenges. Analyzing Spanish market, which relies heavily on tourism and lacks international companies, challenges conventional analyses. Despite these anomalies, business closures align trends. Applying dynamic organizational resilience model—Absorption, Adaptation, Learning—we propose that having weathered 2008 financial crisis, were better equipped COVID-19. This article investigates whether deploying justifies market's response, exploring influence company size type survival capacity between 2007 2023.

Language: Английский

Economic effects of the COVID-19 pandemic on entrepreneurship and small businesses DOI Creative Commons
Maksim Belitski, Christina Guenther, Alexander S. Kritikos

et al.

Small Business Economics, Journal Year: 2021, Volume and Issue: 58(2), P. 593 - 609

Published: Sept. 12, 2021

The existential threat to small businesses, based on their crucial role in the economy, is behind plethora of scholarly studies 2020, first year COVID-19 pandemic. Examining 15 contributions special issue "Economic effects pandemic entrepreneurship and businesses," paper comprises four parts: a systematic review literature effect businesses; discussion strands this review; an overview issue; some ideas for post-pandemic economic research.

Language: Английский

Citations

342

Evaluating the Impact of COVID-19 on Society, Environment, Economy, and Education DOI Open Access
Vijay Kumar, Hammam Alshazly, Sahar Ahmed Idris

et al.

Sustainability, Journal Year: 2021, Volume and Issue: 13(24), P. 13642 - 13642

Published: Dec. 10, 2021

The COVID-19 pandemic has caused drastic changes across the globe, affecting all areas of life. This paper provides a comprehensive study on influence in various fields such as economy, education, society, environment, and globalization. In this study, both positive negative consequences education are studied. Modern technologies combined with conventional teaching to improve communication between instructors learners. also greatly affected people disabilities those who older, these persons experiencing more complications their normal routine activities. Additionally, provided impacts world economies, business, agriculture, entertainment, tourism, service sectors. impact sectors is investigated some meaningful insights suggestions for revitalizing tourism sector. association globalization travel restrictions addition economic human health concerns, lockdown environmental investigated. During periods lockdown, amount pollutants air, soil, water was significantly reduced. motivates researchers investigate unexplored areas.

Language: Английский

Citations

77

Economic Effects of the Covid-19 Pandemic on Entrepreneurship and Small Businesses DOI
Maksim Belitski,

Christina Günther,

Alexander S. Kritikos

et al.

SSRN Electronic Journal, Journal Year: 2021, Volume and Issue: unknown

Published: Jan. 1, 2021

The existential threat to small businesses, based on their crucial role in the economy, is behind plethora of scholarly studies 2020, first year COVID-19 pandemic. Examining 14 contributions special issue "Economic Effects Pandemic Entrepreneurship and Small Businesses," paper comprises four parts: a systematic review literature effect entrepreneurship businesses; discussion strands this review; an overview issue; some ideas for post-pandemic economic research.

Language: Английский

Citations

67

Productivity and firm exit during the COVID-19 crisis: cross-country evidence DOI Open Access
Silvia Muzi, Filip Jolevski, Kohei Ueda

et al.

Small Business Economics, Journal Year: 2022, Volume and Issue: 60(4), P. 1719 - 1760

Published: Aug. 26, 2022

Language: Английский

Citations

60

Small Businesses and Entrepreneurship in Times of Crises: The Renaissance of Entrepreneur-Focused Micro Perspectives DOI Open Access
Alexander Newman, Martin Obschonka, Joern Block

et al.

International Small Business Journal Researching Entrepreneurship, Journal Year: 2022, Volume and Issue: 40(2), P. 119 - 129

Published: Feb. 6, 2022

Prior research examining the consequences of crises for small businesses and entrepreneurial ventures has typically applied a macro-perspective, focussing on impact business organisations strategies they adopt in times crisis. In this editorial, we review articles that form part our special issue ‘Small Businesses Entrepreneurship Times Crises’, after introducing an entrepreneur-focused multi-level conceptual model. Highlighting importance integrating both micro- macro-perspectives, model facilitates understanding as to how entrepreneurs run respond unexpected such COVID-19 pandemic. We conclude with implications future research.

Language: Английский

Citations

52

Determinants and consequences of SME insolvency risk during the pandemic DOI Creative Commons
Orçun Kaya

Economic Modelling, Journal Year: 2022, Volume and Issue: 115, P. 105958 - 105958

Published: July 18, 2022

The COVID-19 pandemic posed an existential threat to European SMEs' financial resilience with significant consequences for the economy. Using unique firm-level data on SME financing conditions, this paper proposes a new insolvency risk measure based survey responses. We show that increased, average, by approximately 21% during pandemic. Problems finding customers and cost of production labor contributed notably period, SMEs also saw deterioration in their access finance. Innovation worked as mitigating factor pandemic, innovative were more resilient, maintained client base, favorable bank lending. Our results point out innovation can prevent number insolvencies from rising significantly long term.

Language: Английский

Citations

39

The role of feature importance in predicting corporate financial distress in pre and post COVID periods: Evidence from China DOI
Shusheng Ding, Tianxiang Cui,

Anthony Graham Bellotti

et al.

International Review of Financial Analysis, Journal Year: 2023, Volume and Issue: 90, P. 102851 - 102851

Published: Aug. 6, 2023

Language: Английский

Citations

27

Bricolage as an effective tool for the survival of owner-managed SMEs during crises DOI
Hugo Baier-Fuentes, Nelson A. Andrade-Valbuena, María Huertas González‐Serrano

et al.

Journal of Business Research, Journal Year: 2023, Volume and Issue: 157, P. 113608 - 113608

Published: Jan. 3, 2023

Language: Английский

Citations

24

The impact of government financial aid and digital tools on firm survival during the COVID-19 pandemic DOI Creative Commons
David B. Audretsch, Martina Aronica, Maksim Belitski

et al.

Small Business Economics, Journal Year: 2025, Volume and Issue: unknown

Published: Feb. 19, 2025

Language: Английский

Citations

1

Innovative Business Strategies in the Face of COVID-19: An Approach to Open Innovation of SMEs in the Sonora Region of Mexico DOI Creative Commons
Luis Enrique Valdez-Juárez, Mauricio Castillo‐Vergara, Elva Alicia Ramos-Escobar

et al.

Journal of Open Innovation Technology Market and Complexity, Journal Year: 2022, Volume and Issue: 8(1), P. 47 - 47

Published: March 1, 2022

The purpose of this study is to analyze and verify the effects business strategy (financial market) innovation management exerted on economic indicators performances SMEs in south-central region Sonora Mexico. effect electronic commerce home office corporate performance also analyzed. In addition, a multigroup analysis was carried out check if there are significant differences between family non-family businesses. sample analyzed comprises 498 with 6 250 employees sector. To collect information, questionnaire developed applied online SME manager through LimeSurvey Professional platform. field work from February October 2021. PLS-SEM used for data analysis. results report that does not have SMEs. On other hand, has positive It revealed performance. Open strategies such as Similarly, management. Finally, unknown were found be best performers contributes development theory competitive behavior resources capabilities.

Language: Английский

Citations

38