Innovative Finance, Technological Adaptation and SMEs Sustainability: The Mediating Role of Government Support during COVID-19 Pandemic

Sustainability, Journal Year: 2021, Volume and Issue: 13(16), P. 9218 - 9218

Published: Aug. 17, 2021

Small and medium enterprises (SMEs) survival is critical for economic sustainability due to the multifaceted role of economy. Thus, halting SMEs operation hurts aggregate During present pandemic, SMEs’ in Bangladesh under-challenged because limited market demand, supply constraints, financial incapacity, capital restrictions. However, with concerted effort from firms government, SME’s have been trying reestablish unforeseen consequence by capitalizing on innovation, skills, resources. The motivation study gauge impact innovative finance, technological adaptation, government’s during COVID-19 pandemic Bangladesh. As a sample, 2000 were considered data collection through structured questionnaire 10 December 2020, 28 January 2021. A sample 1895 was returned their responses. after careful cleaning procedure, only 1395 (69.75%) responses found suitable study. applied structural equation modelling explore causal effects test proposed hypothesis hypnotized model, i.e., more precisely, direct technology adaptation finance indirect government support SMEs. Study findings revealed that positively accelerates applying integration adaptation. In contrast, mediating also established assessment. suggest policy formulation implementation must be initiated, focusing effective online services, settling business transactions, integrating IT advancements operation.

Language: Английский

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Innovating agri-food business models after the Covid-19 pandemic: The impact of digital technologies on the value creation and value capture mechanisms

Technological Forecasting and Social Change, Journal Year: 2023, Volume and Issue: 190, P. 122404 - 122404

Published: Feb. 14, 2023

This paper investigates the phenomenon of business models innovation (BMI) empowered by digital technologies and activated as a response to Covid-19 crisis. In fact, during crisis numerous redesigns businesses occurred pursue both continuity competitive advantage. Among these, food retail sector has undergone under pressure intense changes, which, however, have not yet been investigated theoretical lens BMI. To fill this gap, analyzes actions taken pandemic two large retailers, namely Walmart Carrefour. Covering wide temporal interval evolution reviewing multiple geographical markets, authors interpreted grocer's responses in terms value creation capture mechanisms. As result, three phases BMI reconstructed, each characterized specific mechanisms experienced grocers pandemic. Leveraging these findings, proposes model capable defining how takes place crises. Results broaden knowledge practical suggestions on enabling factors, actionable mechanisms, future opportunities.

Language: Английский

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Entrepreneurial orientation and performance of SMEs: the roles of marketing capabilities and social media usage

Journal of Entrepreneurship in Emerging Economies, Journal Year: 2021, Volume and Issue: 15(2), P. 379 - 403

Published: Nov. 29, 2021

Purpose Small and medium-sized enterprises (SMEs) are an important contributor to emerging countries’ economic growth. However, SMEs have been struggling sustain their performance in a highly competitive environment. Thus, this study aims re-examine the effect of SMEs’ entrepreneurial orientation (EO) on firms’ during COVID-19. This has also studied moderating role social media usage mediating marketing capabilities usage. Design/methodology/approach used structured questionnaire for data collection, where unit analysis was manager or owner SMEs. The were analyzed using partial least square-structural equation modeling. Findings findings show that EO significant positive SME’s performance, but outcomes conditional capabilities. empirical results reveal significantly mediate relationship between SME performance. In addition, moderates it partially mediates EO-performance nexus Finally, discovers EO-Performance is serially mediated by Research limitations/implications implications seeking gain advantage. For example, should deploy market activities through channels. situations such as pandemic uncertainty, could be most effective tool. Originality/value builds theory-based mediation-moderation model explain link explaining effects, current provides insight into relationships. Moreover, facilitates exploring whether serial mediation passes Therefore, with new findings, extends literature Additionally, Indonesia, which not investigated. Besides, adds COVID-19 condition.

Language: Английский

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Technology Entrepreneurship and the Performance of Enterprises in the Conditions of Covid-19 Pandemic: The Fuzzy Set Analysis of Waste to Energy Enterprises in Poland

Energies, Journal Year: 2021, Volume and Issue: 14(13), P. 3891 - 3891

Published: June 28, 2021

This article’s aim is to explain the impact of technology entrepreneurship phenomenon on waste management enterprise performance in conditions COVID-19 pandemic. The concept according configuration approach and category high-performance organization are theoretical bases empirical investigation. For implementation research, Fuzzy set Qualitative Comparative Analysis (FsQCA) was adopted. research sample included a group producers Refused Derived Fuel (RDF) as central part energy industry located Poland. results showed that sector highly immune pandemic threats. While during COVID-19, basic economic parameters (i.e., sales, profitability employment) entire Poland clearly decreased, same case remained at level. allow formulation two models under conditions. first model based traditional technologies hierarchical organizational structures, second using innovative flexible structures. Both determined by their emergence complementary strategies opportunity-oriented allocation resources within business portfolios.

Language: Английский

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Tourism in the Era of Covid-19 and Its Impact on the Environment

Energies, Journal Year: 2021, Volume and Issue: 14(7), P. 2000 - 2000

Published: April 5, 2021

The Covid-19 pandemic has affected all areas of socio-economic life around the world. Its impact concerns not only health system and population, but also economy. Tourism is one sectors hardest hit by restrictions imposed governments in wake pandemic. resulted limitations on movement travel, covering both domestic international tourism, which raises question have these tourist activities caused an environmental impact? aim this article to examine what COVID-19 had issues within tourism sector Central Eastern European (CEE) region. research task investigate whether changed era compared previous years, it been positive or negative. method multiple regression analysis. results study indicated that a decrease greenhouse gas emissions from CEE countries. Such decreases are relative 2019 estimated level would be achieved if countries surveyed economic growth 2020 consistent with Commission’s projections for year. scale varies country country, while relationship between development pollution levels positive.

Language: Английский

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Digital Transformation of Small and Medium Enterprises: Aspects of Public Support

Journal of risk and financial management, Journal Year: 2022, Volume and Issue: 15(2), P. 45 - 45

Published: Jan. 20, 2022

The purpose of this study is to identify the necessary public support measures for small and medium-sized enterprises (SMEs) provide policy makers with guidance on how facilitate a successful digital transformation. based representative survey 425 Latvian SMEs carried out in spring 2021. We combine three analyses: among SMEs, qualitative comparative analysis regression analysis. results show that significant number are convinced they will not be able cope transformation without various kinds assistance, direct financial from state or EU funds tax incentives playing major role. range required rather wide, staff training, mentoring increasing potential workforce relief support. found statistically differences needed depending size their ability independently manage These findings could useful policymakers, managers practitioners forms can maximize impact only business, but also society as whole.

Language: Английский

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The Precipitative Effects of Pandemic on Open Innovation of SMEs: A Scientometrics and Systematic Review of Industry 4.0 and Industry 5.0

Journal of Open Innovation Technology Market and Complexity, Journal Year: 2022, Volume and Issue: 8(3), P. 152 - 152

Published: Aug. 26, 2022

This research aims to study the pre-pandemic and pandemic-period Industry 4.0 5.0 characteristics in SME using scientometrics systematic review PRISMA 2020 approach. A total of 691 articles were found SCOPUS database keywords (("Industry 4.0" OR "Industry 5.0") AND "SME"). However, 398 documents, which either conference proceedings, reviews, book chapters or published languages other than English, excluded, remaining 221 that indexed Journals included study. adopted a novel mix Preferred Reporting Items for Systematic Reviews Meta-Analyses (PRISMA) recommendations identifying thematic evolution Research. The major findings this are, (1) There is conceptual shift among researchers studying adoption SMEs during pandemic period; (2) period focused on (a) human-centric approaches, (b) adoption/acceptance models, (c) cost-effective solutions, (d) COVID-19 impact resilience, (e) artificial intelligence predictive maintenance, (f) emerging role open innovation SMEs; (3) Though concept clearly emerged supplemented industry 4.0, keyword 5.0" not widely by researchers. From literature review, model assessing digital transformation SMEs, integration value chains participation global chain trade expansion sustainable growth proposed.

Language: Английский

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Sustainable Tourism Issues in European Countries during the Global Pandemic Crisis

Sustainability, Journal Year: 2022, Volume and Issue: 14(7), P. 3844 - 3844

Published: March 24, 2022

Sustainable economic growth can be achieved through tourism by protecting the environment, maintaining natural resources, creating employment, improving cultural diversity, and recognizing heritage values. The concept of sustainability is gradually growing globally becoming a dominant aspect in modern business, as companies need to meet stakeholders’ demands regarding environmental management. incorporates environmental, social, economic, issues into operations. demand for green tourism, ethical consumption, protection living close nature expected increase. In particular, latter gains more popularity due stress caused global pandemic also because values have been re-evaluated at every level society. this paper, we explore industry within international context during COVID-19 pandemic, with specific focus on 35 European countries period between January 2020 September 2021. We aimed study impact based Eurostat database, using cluster analysis descriptive statistics. results indicate that will recover slightly, even though continue, recording different effects countries. Furthermore, highlight relationship income clusters being significantly according income. identify potential recovery options align business area sustainable development goals, generate effective transformational change, suggest how create viable process pushed glocal perspective.

Language: Английский

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Exploring COVID-19 Challenges and Coping Mechanisms for SMEs in the South African Entrepreneurial Ecosystem

Sustainability, Journal Year: 2022, Volume and Issue: 14(4), P. 1944 - 1944

Published: Feb. 9, 2022

Globally, COVID-19 has caused significant damage, including business closures and changes in how entrepreneurial activities are performed. The pandemic spawned a slew of publications with the majority thereof being editorials, commentaries, concept notes. This implies lack empirical evidence on pandemic. Therefore, purpose this paper was to explore challenges coping mechanisms for small medium-sized enterprises (SMEs) South Africa’s ecosystem. Data study were collected from 15 SME owners through semi-structured interviews using generic qualitative research method. findings revealed that included lockdown restrictions, customer loss, government support, scarcity raw materials. used by SMEs having positive mindset followed reduced service prices retrenchments employees. Theoretically, contributes scarce African context; available literature ecosystem context world at large. Practically, it is recommended during crises, businesses should network one another remain operational and, owing e-commerce, they encouraged have an online presence.

Language: Английский

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Impact of sustainable supply chain management on performance of SMEs amidst COVID-19 pandemic: an Indian perspective

International Journal of Logistics Economics and Globalisation, Journal Year: 2022, Volume and Issue: 9(3), P. 248 - 248

Published: Jan. 1, 2022

The disruption caused by COVID-19 along the rapidly changing business environment coupled with supply network complexity may trigger unforeseen disruptions and make chains vulnerable to financial losses in extreme cases, it leads a firm shut down. research is an effort introduce conceptual model evaluate sustainable practices dynamic capabilities ensure performance disruptive environment. Determinants were identified from literature for study of Sustainable during uncertain are based on concept triple bottom line. A survey collected data 153 consumer goods SMEs. structural equation modelling (SEM) has been used analyse proposed. analytical outcomes this contribute existing enable practitioners design implement chain activities monitor impact such sustainability among Indian firms.

Language: Английский

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