Enterprise risk management: effects of the pandemic on the revival and success of India's micro, small, and medium-sized enterprises

Abhaya Sanatan Satpathy, Suresh Kumar Sahoo, Asit Mohanty, Pragyan P. Mohanty, Bijay Kumar Paikaray and Reji Kumar Rajamony

International Journal of Business Continuity and Risk Management, 2025, vol. 15, issue 2, 144-168

Abstract: The devastating effect of COVID-19 came as a never-ending nightmare for humanity. The present pandemic situation has an adverse deep impact on Indian micro, small and medium enterprises (MSME). The process of vaccination is a great relief; still, the 2nd wave of COVID-19 forced Indian states to resort to social distancing through the lockdown and shutdown. This has put a question mark on the fate of the MSMEs. The current study examines the impact of the COVID-19 pandemic on the employees' turnaround, productivity, demand, supply chain, sales, cash flow, and profitability of MSMEs. Although the majority of the research was conducted in the first wave of COVID-19 in India, current work made a remarkable difference in focusing on the effect of the later stage of 2nd wave of COVID-19; it gives a clearer picture of vulnerability as compared to earlier studies. The paper covers the entrepreneurs' perspective supported by empirical evidence.

Keywords: micro, small and medium enterprises; MSME; success factors; pandemic; productivity; cash flow; social implications; India. (search for similar items in EconPapers)
Date: 2025
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