Impact of COVID19 on the performance of VSEs in the FezMeknes region: A comparative study using the Wilcoxon test of signed ranks

Impact de la COVID19 sur la performance des TPE de la région Fès-Meknès: Une étude comparative par le test de Wilcoxon des rangs signés

Nisrine Essanoussi
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Nisrine Essanoussi: E.N.C.G - Ecole nationale de commerce et de gestion - USMBA - Université Sidi Mohamed Ben Abdellah

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Abstract: This paper focused on a sample of 67 Moroccan VSEs operating in the region of Fez-Meknes. It provided some answers to the question of the impact of COVID19 on the performance of VSEs. In order to theoretically support the concept of performance and to measure it, we borrow the theoretical model of Morin, Savoie and Beaudin (1994), according to which performance results from four dimensions (sustainability, economic efficiency, value of human resources, legitimacy with external groups). A literature review on the VSE shows that it was already a fragile company struggling to survive in pre-crisis times. This financial, economic, social and organizational fragility weighs heavily on the performance and competitiveness of VSEs. In order to provide elements of quantitative answers to our problem, we used the non-parametric test Wilcoxon signed ranks. The comparison of performance KPI's before and after the crisis reveals that the effect of the health crisis is heterogeneous by sector. For VSEs operating in the construction, industry and service sectors, performance has deteriorated markedly in times of crisis. For these sectors, turnover and the budget allocated to investment have fallen, recourse to financing has increased, activity has been reduced, the supply chain has been disrupted, lead times payment has been slowed, staff turnover has increased. On the other hand, the commercial sector has shown resilience in the face of COVID19.

Keywords: Covid-19 pandemic; performance; Very Small Businesses; Pandémie Covid-19; Très Petite Entreprise; Performance (search for similar items in EconPapers)
Date: 2022
New Economics Papers: this item is included in nep-ara
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Published in International Journal of Accounting, Finance, Auditing, Management and Economics, 2022, 3 (3-2), pp.242-259. ⟨10.5281/zenodo.6612009⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-03705129

DOI: 10.5281/zenodo.6612009

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