“…Social capital in the management of SMEs is not an individual but collective endeavor as it involves the formation of a network of relationships, strengthening emotional bonds among individuals and groups and exchanging and rendering mutual support. Several studies show that strengthening social capital during Covid-19 pandemic contributes to making improvement in SME performance (Hao, Xiao, & Chon, 2020;Pitas & Ehmer, 2020;Shafi, Liu, & Ren, 2020;Yunus, Zainal, Jalil, & Sari, 2020); fosters the growth of new business networks, clus-ters, that are underpinned by social capital principles, and norms and values. The formation of business network clusters in turn enhances trust and competitiveness of SMEs.…”