Business Relationships Between Government (Through Their Intervention) and Businesses

Vijay Pereira, Yama Temouri and Daicy Vaz
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Vijay Pereira: NEOMA Business School
Yama Temouri: Khalifa Univ of Science and Technology
Daicy Vaz: NEOMA Business School

Chapter Chapter 4 in Managing Sustainable Business Relationships in a Post Covid-19 Era, 2022, pp 25-28 from Springer

Abstract: Abstract During the Covid-19 pandemic, governments have also been supportive to SMEs. For example, in France, the government sanctioned 4 billion Euros (Mawad, 2020) and in the UK, 1 billion GBP was set aside for SMEs (Stothard, 2020). Collaborations for innovation and sustainability are critical for SMEs. Ties with the government can help in tax reductions and loan subsidies. This is usually the scenario where businesses can benefit from government relations. While the MNCs fared better during the ongoing pandemic, SMEs were struggling to make ends meet mainly due to financial constraints. To lessen these burdens, government and some private companies came forward to help. Bank of America and Unilever donated USD 250 million and USD 540 million, respectively, to fund small businesses and households. When a crisis strikes, mostly small business owners are affected leading to closure of business (Kalogiannidis, 2020). In countries such as Canada, USA, Japan, France, and Germany, governments have initiated job retention schemes to support firms and their employees (OECD, 2020c).

Date: 2022
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DOI: 10.1007/978-3-030-96199-2_4

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