COVID-19 Pandemic and SMEs Performance Decline: The Mediating Role of Management Innovation and Organizational Resilience

Li, Yunjian; Hong-chuan, Chen; Wei, Lulu; Wei, Luqing

doi:10.3389/fpubh.2022.944742

Cited by 13 publications

(16 citation statements)

References 60 publications

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“…More recently, in the context of the COVID-19 pandemic, enterprises faced a drop in performance. One group of authors [40] showed that the pandemic significantly influenced the decline in SMEs' performance and also pointed out the role played by management innovation and organizational resilience in reducing this decline, simultaneously seeing them as a solution for the future when SMEs may be confronted suddenly with significant crises.…”

Section: Literature Reviewmentioning

confidence: 99%

Tax Payment and the Performance of SMEs: A Longitudinal Analysis on EU Countries

et al. 2023

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Small and medium enterprises (SMEs) are considered the engine of any economy and actively contribute to the economic growth of countries. For this reason, there are concerns regarding the identification of the factors that influence the activity of SMEs and, in particular, how they manage to adapt and obtain better performance in a constantly changing economic environment. The tax burden is high and discouraging for many enterprises, so we aimed to analyse the relationship between the taxes imposed on SMEs and their performance. Thus, the main purpose of our study was to analyse the relationship between the taxes paid by SMEs and their performance. The period of analysis consisted of the 14 years between 2008 and 2021. The analysed sample comprised the 27 member countries of the European Union. To test the relationship, we used panel data methods, and we considered two indicators that measure the performance of SMEs as dependent variables and indicators that measure the taxes paid by businesses as independent variables. For a more in-depth analysis, we used clusters of countries. The main results show that the taxes that SMEs have to pay are seen as obstacles in the way of improving performance. Moreover, the relationship between taxes and the performance of SMEs depends on the specifics of the economy of the country.

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Section: Literature Reviewmentioning

confidence: 99%

Tax Payment and the Performance of SMEs: A Longitudinal Analysis on EU Countries

et al. 2023

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“…The pandemic crisis has prompted a shift in innovation efforts from a relatively stagnant state to one characterized by agility and adaptability (Li et al, 2022). The exponential power of convergence is evident amidst the COVID-19 crisis, as both individuals and organizations display exceptional creativity in devising novel solutions.…”

Section: Innovation and Pandemicmentioning

confidence: 99%

“…Remarkable collaborations between public and private entities have been established in the across the world to address the pandemic. The pandemic crisis has prompted a shift in innovation efforts from a relatively stagnant state to one characterized by agility and adaptability (Li et al, 2022).…”

Section: Innovation and Pandemicmentioning

confidence: 99%

Convergence innovation for sustainable development: Unraveling post‐COVID dynamics for a resilient future

Ali

2023

Sustainable Development

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This paper explores the potential of Convergence Innovation (CI) as an effective catalyst for dealing with the COVID‐19 pandemic and devising a trajectory toward a sustainable post‐crisis future. It offers novel perspectives on sustainable innovation approaches that can enhance organizational performance and extend beyond it. The paper makes significant contributions to both the theoretical and practical aspects of innovation. It illustrates the impact of market forces in the context of the Fourth Industrial Revolution (4IR) and Digital Technologies (DT), highlighting the significance of sustainable innovation for organizational prosperity and individual welfare. Convergence Innovation is explained as a self‐regulating ecosystem that promotes and goes beyond value creation. Different technologies in the ecosystem enhance CI's sensing capabilities for fluctuations in market forces and facilitate the transmission of data for decision‐making. The study recommends splitting off the S‐curve of innovation and the life cycle of competitive intelligence, as the S‐curve of CI tends to be shorter in the digital age. This paper provides managers with a new framework for thinking about innovation and its role in achieving sustainable business success. By embracing CI, managers can create more agile and adaptable organizations that are better positioned to navigate the complex and rapidly changing world of the digital age.

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“…When entrepreneurs think that these measures entails to be necessarily and quickly implemented, TP may be exacerbated ( Tomaka et al, 1997 ). The COVID-19 pandemic also causes entrepreneurs unable to start businesses, resulting in lower sales and low profits ( Li et al, 2022 ), which causes economic stress and TP . The criticality of the COVID-19 pandemic is a reflection of the extent to which it affects the long-term development of entrepreneurs and it threatens the achievement of their goals.…”

Section: Theoretical Analysis and Research Hypothesismentioning

confidence: 99%

“…Performance is critical to a company’s long-term development, yet owing that EFs are still very young, they often have little revenue, operating deficits, and low chances of survival ( Damodaran, 2009 ), tending to face more uncertainty. The COVID-19 pandemic has a tremendous, irregular, and sudden external impact on EFs and their operations ( Liu et al, 2021 ), which leads to a drastic decline in sales, profits, and market share, finally resulting in a performance decline ( Li et al, 2022 ). Different EFs are somewhat differently affected by the COVID-19 pandemic, so the expected firm performance decline of their entrepreneurs will be different, and the COVID-19 pandemic on their performance pressure ( PP ) will be different.…”

Section: Introductionmentioning

confidence: 99%

How does COVID-19 pandemic affect entrepreneur anxiety? The role of threat perception and performance pressure

Hong-chuan²,

Liu³

et al. 2022

Front. Psychol.

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The entrepreneurial firms may be more vulnerable to the COVID-19 pandemic, and the entrepreneurs of entrepreneurial firms are also threatened by the revenues decline and business failure, which vehemently affect their well-being. The mental health of the entrepreneur decides whether the entrepreneurial firms can make the right decision, which is related to the healthy development of the entrepreneurial firms. Based on the event system theory and the cognitive appraisal theory, this paper aims to explore the effect of COVID-19 pandemic on the entrepreneur anxiety, and the threat perception and performance pressure are introduced to investigate the mediating mechanism and boundary of this effect. Using the simple random sampling to obtain questionnaire survey data, 168 entrepreneurs of entrepreneurial firms have participated in the empirical study, and the research results are as follows. First, the COVID-19 pandemic significantly positively affects entrepreneur anxiety. Second, the entrepreneur threat perception plays a mediating role between the COVID-19 pandemic and the entrepreneur anxiety, which means the COVID-19 pandemic can enhance the external threat perception of entrepreneurs, and then affect the entrepreneur anxiety. Third, the positive effect of the COVID-19 pandemic on the entrepreneur anxiety is strengthened by the entrepreneur performance pressure, while the positive effect of entrepreneur threat perception on entrepreneur anxiety is weakened by the entrepreneur performance pressure. The above findings are helpful to explore the mechanism of the COVID-19 pandemic and other critical crisis events on entrepreneurs’ mental health from the new perspective of cognitive appraisal theory and event system theory, filling the research gaps between the COVID-19 pandemic and entrepreneur anxiety. Besides, this study broadens the applied range of the cognitive appraisal theory and the event system theory in the fields of crisis situations and entrepreneur research, and enriches the research outputs. Furthermore, this study will help provide a new theoretical analysis insight for the related research on how the COVID-19 pandemic affects entrepreneurs’ psychology, and further deepen researchers to understand the mechanism of entrepreneur anxiety under the COVID-19 pandemic, providing theoretical inspirations for reducing entrepreneur anxiety. What’s more, this study finds that individual pressure can affect their cognitive appraisal, which means that future research should take the pressure influential mechanism into consideration in the process of exploring “external stimulus--cognitive appraisal--emotional response,” further expanding the theoretical model of cognitive appraisal proposed from the perspective of pressure.

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COVID-19 Pandemic and SMEs Performance Decline: The Mediating Role of Management Innovation and Organizational Resilience

Cited by 13 publications

References 60 publications

Tax Payment and the Performance of SMEs: A Longitudinal Analysis on EU Countries

Tax Payment and the Performance of SMEs: A Longitudinal Analysis on EU Countries

Convergence innovation for sustainable development: Unraveling post‐COVID dynamics for a resilient future

How does COVID-19 pandemic affect entrepreneur anxiety? The role of threat perception and performance pressure

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