Survival Strategies Under Sanctions: Firm-Level Evidence from Iran
Iman Cheratian (),
Saleh Goltabar () and
Mohammad Reza Farzanegan
Additional contact information
Iman Cheratian: Tarbiat Modares University
Saleh Goltabar: Tarbiat Modares University
No 1569, Working Papers from Economic Research Forum
Given the importance of firm strategic management in time of crises, this study investigates Micro, Small, and Medium Enterprises (MSMEs) survival strategies during the international sanctions against Iran. Using data from a questionnaire of 486 firms between December 2019 to September 2020, we found that firm strategies in reducing research and development (R&D) expenditures, marketing costs, and fixed/overhead costs and investing in information technology (IT) are positively related to their survivability. Conversely, managerial decisions to “reduce production” and “staff pay cut/freeze” have negative and significant impacts on a firm’s ability to survive during sanctions. Moreover, micro firms are more resilient than their small and medium counterparts. The findings also confirm that age has a significant and positive impact on firm survival. Finally, the results show that having a business plan, access to finance and technology, owner education, export orientation, business networking and consulting services are the key drivers of withstanding the pressure from sanctions.
Date: 2022-08-20, Revised 2022-08-20
New Economics Papers: this item is included in nep-ara, nep-bec, nep-cse, nep-ent, nep-ict and nep-sbm
References: Add references at CitEc
Citations: Track citations by RSS feed
Published by The Economic Research Forum (ERF)
Downloads: (external link)
https://erf.org.eg/publications/survival-strategie ... vidence-from-iran-2/ (application/pdf)
Working Paper: Survival Strategies under Sanctions: Firm-Level Evidence from Iran (2022)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:erg:wpaper:1569
Access Statistics for this paper
More papers in Working Papers from Economic Research Forum Contact information at EDIRC.
Bibliographic data for series maintained by Namees Nabeel ().