The effect of major public emergencies on technology-based SMEs: Survival crisis and relief paths

Chen Zou, Yongchun Huang, Zi Ye and Anqi Pan

Finance Research Letters, 2023, vol. 55, issue PA

Abstract: This paper explores the impact of major unexpected public event on the survivability of technology-based small and medium-sized enterprises and the role of external support policies and internal adjustment strategies in mitigating the shock. Using data on Growth Enterprise Market listed companies for 2018–2021, we found that COVID-19 outbreaks caused severe survival pressure on technology-based SMEs, which we see mainly in the reduction of development capacity, operation capacity, profitability, and debt servicing capacity. Additionally, we find that both external support policies and internal adjustment strategies can effectively mitigate the negative impact of COVID-19 on the viability of technology-based SMEs.

Keywords: Technology-based SMEs; Major public emergencies; Survival crisis; Relief paths (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612323002684
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:55:y:2023:i:pa:s1544612323002684

DOI: 10.1016/j.frl.2023.103896

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().