From Challenges to Creativity: Enhancing SMEs’ Resilience in the Context of COVID-19

Zutshi, Ambika; Mendy, John; Sharma, Gagan Deep; Thomas, Asha; Sarker, Tapan

doi:10.3390/su13126542

Cited by 133 publications

(159 citation statements)

References 43 publications

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“…Following the COVID-19 pandemic, new survey evidence indicates that SMEs across many countries including Australia are divided about the perceived threats and opportunities of pandemic-driven digital disruption [3]. Whereas the financial burden imposed by the pandemic and the limited digital knowledge to overcome this challenge has affected some SMEs [4], the pandemic has triggered digital innovations in other SMEs facilitating faster recovery in the post-COVID-19 era [5][6][7].…”

Section: Introductionmentioning

confidence: 99%

“…Following the period of closure and movement prevention policies adopted by national and state governments due to the COVID-19 pandemic, SMEs are confronted with various difficulties and challenges [4,5]. In response to these crisis-related challenges, many SMEs have adopted digital technologies that improve the effectiveness and efficiency of existing processes.…”

Section: Introductionmentioning

confidence: 99%

“…Organisational performance through the exploitation of new digital opportunities is also enhanced through such technological advancements [8][9][10]. The rapid deployment and uptake of digital technologies in SMEs provide not only opportunities to achieve higher productivity growth but also pose risks such as a loss in market share [11] or even the threat of ceasing to exist [4,12,13]. Despite much attention to, and optimism about, the role that digital technologies can play in SMEs' economic growth and pandemic recovery processes [7,14], there is a dearth of studies on these issues within the regional Australian context.…”

Section: Introductionmentioning

confidence: 99%

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Digital Transformation among SMEs: Does Gender Matter?

et al. 2022

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The COVID-19 pandemic has highlighted and exacerbated some of the challenges that small and medium enterprises (SMEs) face in times of crisis, disrupting their operations, weakening their financial positions, and exposing them to a wide range of financial risks. While previous studies have viewed digital transformation as a vital source of innovation and productivity growth for economic recovery in SMEs, there has been limited focus on digital transformation in the regional context, with very little attention focused on women-led enterprises. This study aims to investigate (i) the determinants of perception of digital transformation among regional SMEs, and (ii) whether the gender of the SME owner or manager has an impact on the drivers of the digital transformation experiences of SMEs operating in regional Australia. Building upon the resource-based view, this study uses a unique dataset of 281 SMEs collected from a survey conducted within a regional area of Queensland, Australia. Employing Feasible Generalised Least Squares and Generalised Least Squares estimations, the study found that the perceptions of digital transformation can be explained by the use of social network platforms, innovation processes, workplace culture, and information and communication technologies. This study also found that there is a significant difference between female-led and male-led SMEs regarding their perceptions of digital transformation. This study offers two key policy and practical insights: (i) digital transformation of regional SMEs should be used as a fundamental tool for crisis recovery strategies, and (ii) the need for policymakers to mainstream gender into postcrisis transformative interventions and policies should be fast tracked.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Digital Transformation among SMEs: Does Gender Matter?

et al. 2022

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“…These recent contributions imply that entrepreneurship is in fact very contextual, not only in terms of the discovery of subjective knowledge as a point of departure for market shaping activities (Erkut, 2016) or a resilience-oriented organisational transformation (Zutshi et al, 2021), but also in terms of the conditions of entrepreneurial economic activity across different nations. In order to understand different national contexts in terms of their entrepreneurial conditions and current state, more empirical work is needed to motivate entrepreneurship policies that can stimulate entrepreneurial activity at the national level (Solomon et al, 2021).…”

Section: Literature Reviewmentioning

confidence: 99%

Entrepreneurial activity in Turkey: A statistical overview for the years of 2006-2020

Toycan

Erkut

2021

IER

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The objective of the article is to understand the development of Turkish entrepreneurial activity over the last 15 years. Research Design & Methods:The research design employed in this article is a quantitative one, mainly by utilizing the data available from Global Entrepreneurship Monitor and Eurostat to map the structure and the development of Turkish entrepreneurial activity between 2006 and 2020. With respect to gender, age and education status of Turkish self-employed, the article also employs a chi-square test of association. Findings: The main empirical results of this article identify that whereas the overall share of self-employed among the active Turkish population dropped from 24% in 2006 to 17% in 2020, this is not only above the EU-27 average, but also largely due to a drop in the share of own account workers. The article highlights that over the duration of 15 years, the share of job creators among the active Turkish population remained stable despite all the negative events occurred in Turkey. The article also identifies a gender imbalance in terms of self-employment, and a significant difference between educational background of own account workers and job creators. Implications & Recommendations: Understanding the patterns of development of Turkish entrepreneurial economic activity in the last 15 years can serve as a point of departure for both entrepreneurship researchers and policymakers. For entrepreneurship researchers, the case not only allows for a cross-national comparison, but also delivers empirical evidence from a transition country. For policymakers, fluctuations in the number of own account workers deserve more attention whereas stability of job creators can be further analysed for understanding what makes this group particularly stable despite all the negative events that occurred over the last decade. Contribution & Value Added:The study contributes to the literature by offering a current overview of Turkish entrepreneurial activity in the last 15 years. Since the literature on Turkish entrepreneurship is primarily dominated by topics such as students' entrepreneurial intentions, women entrepreneurship or migrant entrepreneurship, the study offers empirical evidence to see the bigger picture of Turkish entrepreneurial economic activity.

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“…Hence, the above-discussed coherence analysis between the number of confirmed COVID-19 cases and its impact on numerous variables. Based on the above analysis, we chose the wavelet analysis methodology to re-assess the coherence between regional temperature, equities, Forex, and COVID-19-confirmed cases in G7 nations (Shakoor et al, 2020;Zutshi et al, 2021). The wavelet methodology, which mostly finds usage in geophysics, has recently found a place in economics and finance, environment, and meteorology studies, etc.…”

Section: Introductionmentioning

confidence: 99%

Nexus Between COVID-19 Infections, Exchange Rates, Stock Market Return, and Temperature in G7 Countries: Novel Insights From Partial and Multiple Wavelet Coherence

Singh

Bansal

Bhardwaj

et al. 2021

Front. Environ. Sci.

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This study attempts to analyze the time-varying pattern between the exchange rates, stock market return, temperature, and number of confirmed COVID-19 cases in G7 countries caused by the COVID-19 pandemic. We have implemented our analysis using wavelet coherence and partial wavelet coherence (PWC) on independent variables from January 4, 2021 to July 31, 2021. This paper contributes to the earlier work on the same subject by employing wavelet coherence to analyze the effect of the sudden upsurge of the COVID-19 pandemic on exchange rates, stock market returns, and temperature to sustain and improve previous results regarding correlation analysis between the above-mentioned variables. We arrived at the following results: 1) temperature levels and confirmed COVID-19 cases are cyclical indicating daily temperatures have a material bearing on propagating the novel coronavirus in G7 nations; 2) noteworthy correlations at truncated frequencies show that a material long-term impact has been observed on exchange rates and stock market returns of G7 and confirmed COVID-19 cases; 3) accounting for impact of temperature and equity market returns, a more robust co-movement is observed between the exchange rate returns of the respective nations and the surge in COVID-19 cases; and 4) accounting for the influence of temperature and exchange rate returns and the increase in the confirmed number of coronavirus-infected cases and equity returns, co-movements are more pronounced. Besides academic contributions, this paper offers insight for policymakers and investment managers alike in their attempt to navigate the impediments created by the coronavirus in their already arduous task of shaping the economy and predicting stock market patterns.

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From Challenges to Creativity: Enhancing SMEs’ Resilience in the Context of COVID-19

Cited by 133 publications

References 43 publications

Digital Transformation among SMEs: Does Gender Matter?

Digital Transformation among SMEs: Does Gender Matter?

Entrepreneurial activity in Turkey: A statistical overview for the years of 2006-2020

Nexus Between COVID-19 Infections, Exchange Rates, Stock Market Return, and Temperature in G7 Countries: Novel Insights From Partial and Multiple Wavelet Coherence

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