Entrepreneurial financial resilience and financial innovation in a turbulent era

Jonathan M. Scott, Javed G. Hussain, Samuel Salia and David Deakins

Chapter 1 in Entrepreneurial Financial Resilience and Financial Innovation in a Turbulent Era, 2023, pp 1-20 from Edward Elgar Publishing

Abstract: This chapter sets the context and then reviews the literature on resilience and coping. It then introduces the nine other chapters in the book and offers some overall implications and future research avenues. The resilience of businesses is threatened and they require innovation to mitigate the impact of pandemic shocks and other crises. Therefore, there is a need for swift measures to be implemented by governments, financial institutions and other stakeholders to curb the liquidity trap for all business and SMEs in particular. In this research handbook, the contributors have provided multi-dimensional perspectives to support businesses to access finance. Furthermore, the contributors highlighted the challenges businesses face during the current turbulent times. We then summarized the chapters that are included in this research handbook and address some of the identified issues in the introductory chapter. Thus, the chapters in the current book offer some responses to the above need-to-know theoretical, practical and policy issues and again, instead of providing a concluding chapter, we offer future research avenues here. Future research could explore the following key issues. We provided a broad overview of the challenges businesses encountered during the COVID-19 pandemic that caused profound disruption to the global economy. The issues identified in the respective chapters, such as the impact of crisis on SMEs’ finances, needs to be tracked and evaluated. Especially, tracking the latest developments in debt, equity and asset-based finance, along with the recent global inflationary pressures and respective government policy response.

Keywords: Business and Management; Economics and Finance; Innovations and Technology (search for similar items in EconPapers)
Date: 2023
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