SMEs debt financing in the EU: on the eve of the coronacrisis

Polishchuk, Yevheniia; Kornyliuk, Anna; Lopashchuk, Inna; Pinchuk, Alina

doi:10.21511/bbs.15(3).2020.08

Cited by 17 publications

(7 citation statements)

References 23 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Other firms relied on the capital increase or credit arrangement to override the bottleneck. Also, the firms received some governmental support to leverage the firm’s ability to sustain their operations (Polishchuk et al , 2020). In contrast, Singh et al (2020) went further and proposed a solution through three scenarios simulations of the public distribution system (PDS) network aiming to offer stable logistics systems and disruptions in the domain of in food supply chain.…”

Section: Theoretical Background and Hypotheses Developmentmentioning

confidence: 99%

Impact of COVID-19 on financial performance of logistics firms: evidence from G-20 countries

Atayah

Dhiaf²,

Najaf

et al. 2021

JGOSS

108

View full text Add to dashboard Cite

Purpose This study aims to contribute to the extant literature on logistics by investigating the interrelationship between the financial performance of listed logistics firms and the COVID-19 and compare the logistics firms’ financial performance of G-20 countries during the pandemic period. Design/methodology/approach To conduct the confirmatory analysis by testing the hypotheses formulated for this study, data have been collected from Bloomberg of all logistics firms from G-20 countries. This paper gathered the first quarter from 2010 until the last quarter of 2020 as the research sample to examine the pandemic impact on financial performance. Findings The results show that the financial performance of logistic firms was significantly higher during 2020. Overall, the country-wise findings corroborated with the main results and the financial performance of 14 countries’ logistic firms out of 20 ones analysed has been significantly elevated, during the pandemic period. However, this paper has found out a negative financial performance of the logistics firms during the COVID-19 period in six countries (Germany, Korea, Russia, Mexico, Saudi Arabia and the UK), which support the second proposition. Research limitations/implications The study’s results were important as they highlighted the role of logistics firms in offering insights to academics, practitioners, policymakers and logistic firms’ stakeholders. For future research, this paper suggests including some other variables that might influence firm performance and that have not been considered in this study, which is a limitation, and going more deeply into the logistics sector by comparing the financial performance of the sub-sectors. Practical implications As the importance of logistics services during the pandemic period is relevant, this study may provide significant insights because the logistics firms play a crucial role by anticipating to ensure the supply of essential items such as food, medicine, then supporting for the continuity of supply chains. The view of finance impacts during the pandemic may provide insightful perspectives for logistics companies, allowing them to understand those impacts and better prepare for likely disruption events such COVID-19 pandemic. Originality/value This paper is novel considering that it is unique in evaluating logistics firms’ financial performance from a global perspective, considering the context of this historical pandemic.

show abstract

Section: Theoretical Background and Hypotheses Developmentmentioning

confidence: 99%

Impact of COVID-19 on financial performance of logistics firms: evidence from G-20 countries

Atayah

Dhiaf²,

Najaf

et al. 2021

JGOSS

108

View full text Add to dashboard Cite

show abstract

“…The results proved it is true. One idea why it looks so is that governments started to support SMEs through loan guarantee schemes, lower interest rates, profitable bank loans, and other forms of financing (Polishchuk et al, 2020). Moreover, the better state of EP in a particular country, the more it could have borrowed entrepreneurs (Caballero-Morales, 2021).…”

Section: Resultsmentioning

confidence: 99%

Impact of the COVID-19 pandemic on the economic development of EU countries

Petraškevičius

Ginevičius

Bracio

et al. 2022

Problems and Perspectives in Management

View full text Add to dashboard Cite

One of the essential consequences of the COVID-19 pandemic is a slowdown in economic development, which is reflected in an integrated way by the Gross Domestic Product per inhabitant of the country. However, its dimensions are not the same for individual countries of the European Union, so it is crucial to determine what circumstances led to this phenomenon. Therefore, the purpose of this study is to determine individual EU countries’ losses caused by the COVID-19 pandemic and the circumstances they depended on. Correlation-regression analysis was used, which made it possible to calculate what effect the countries’ economic development level and the intensity of its positive changes on the eve of the COVID-19 pandemic had on the losses incurred. In 2018, it was found that this relationship is very strong (the value of the correlation coefficient r equals 0.8 and 0.7, respectively). The study’s results highlighted the regularity – economic development slowed down the least in those countries where it was in the best condition, and the positive development changes were the most intense. It was found that in the ten most developed EU countries, economic growth slowed down because of the COVID-19 pandemic by approximately 2.3%, and in the rest of the countries – 5.1%. According to the slow-down of economic development, insensitiveness was approximately 3.45 and 5.46%.

show abstract

“…It can be seen at this time that in the debt crisis and the corona virus crisis, MSMEs are very vulnerable to an economic downturn. So that various supporting devices are needed [34]. The problems currently faced in the banking sector can increase borrowing costs, reduce credit availability and the productivity of MSMEs [35].…”

Section: Resultsmentioning

confidence: 99%

Financing Analysis of Loan-Based Crowd Funding on Medium Small Micro Enterprises

Dewanti¹,

Septyaningtyas²,

Yuliansyah³

et al. 2021

Proceedings of the 2nd Annual Conference on Social Science and Humanities (ANCOSH 2020)

View full text Add to dashboard Cite

This study aims to determine the results of analysis Loan-Based Crowd funding on MSMEs in several countries on helping MSMEs obtain capital loans without a series of difficulties in administration and regulations. So, it can be used as a consideration for the government in making policies that can be applied in Indonesia. In this study, references from journal articles analyze to solve the problem. In this study, using references from journal articles analyzed to solve the problem. This research shows that loan-based crowd funding can be of positive value for business actors with the ease of making loans to maintain and develop the business.

show abstract

SMEs debt financing in the EU: on the eve of the coronacrisis

Cited by 17 publications

References 23 publications

Impact of COVID-19 on financial performance of logistics firms: evidence from G-20 countries

Impact of COVID-19 on financial performance of logistics firms: evidence from G-20 countries

Impact of the COVID-19 pandemic on the economic development of EU countries

Financing Analysis of Loan-Based Crowd Funding on Medium Small Micro Enterprises

Contact Info

Product

Resources

About