The impact of the Covid-19 global pandemic upon the entrepreneurial financial resilience of SMEs

Harry Matlay

Chapter 2 in Entrepreneurial Financial Resilience and Financial Innovation in a Turbulent Era, 2023, pp 21-34 from Edward Elgar Publishing

Abstract: The Covid-19 global pandemic, which initially emerged during December 2019 in the Wuhan province of China, and rapidly spread across the whole world, has dramatically impacted the global economy in general and the SME sector in particular. Within months, a large proportion of smaller firms have either closed voluntarily or compulsorily, as a result of government imposed lockdowns and related physical distancing measures. Such closures have resulted in multiple and significant financial challenges to SME entrepreneurs, as well as their owner/managers, key employees and other workers. The purpose of this chapter is to critically examine the growing body of knowledge, which emerged over the 2020-2021 period, on entrepreneurial financial resilience in SMEs, across both industrially developed and developing nations. At this stage of the ongoing Covid-19 global pandemic, it becomes increasingly obvious that entrepreneurial financial resilience is the answer to the predominantly finance-related challenges and barriers faced by SMEs. In addition, this chapter provides a useful platform for SME survival during the current crisis, as well as a theoretical and practical basis for future development in a post-pandemic era of economic recovery and growth.

Keywords: Business and Management; Economics and Finance; Innovations and Technology (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781802203929.00009 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

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:elg:eechap:21113_2

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().