The Effect of COVID-19 on the Performance of SMEs in Emerging Markets in Iran, Iraq and Jordan

Homayoun, Saeid; Velashani, Mohammad Ali Bagherpour; Alkhafaji, Basim; Mezher, Siham Jabbar

doi:10.3390/su15107847

Cited by 4 publications

(4 citation statements)

References 58 publications

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“…Their results showed that those firms suffered most from the fragility of their management system and the lack of financing. This result is consistent for other countries, for example, Homayoun et al (2023) examined the impact of the COVID-19 pandemic on small and medium enterprises (SMEs) in emerging markets such as Iran, Iraq, and Jordan. The researchers used a standard questionnaire to collect data from managers, accountants, and auditors in both listed and non-listed companies during the second quarter of 2022.…”

Section: The Impact Of the Covid-19 Health Crisis On Female-led Firms...supporting

confidence: 75%

“…Small and medium-sized enterprises (SMEs) face heightened vulnerability compared with other types of firms, particularly during times of crisis due to their limited time and resources (Markovic et al, 2021). These constraints significantly impact the operations and performance of these firms (Homayoun et al, 2023;Veselinova & Samonikov, 2021). In the analysis of the evolving impact of the health crisis on Moroccan female-led firms, by size in nine regions of Morocco, we find evidence of gender disparities, both in terms of firm closures and adaptability to the crisis.…”

Section: The Impact Of the Covid-19 Health Crisis On Female-led Firms...mentioning

confidence: 99%

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COVID‐19 and the fate of Moroccan female‐led firms: Regional level evidence

Elouardighi,

Oubejja

2023

Regional Science Policy & Practice

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This study examines the effects of the coronavirus disease 2019 (COVID‐19) pandemic on Moroccan female‐led firms, considering both short‐term and long‐term impacts. It investigates the influence of different pandemic waves on these firms, taking into account their size and location, to gain valuable insights into their crisis management strategies. Using a micro‐level database made up of 1,096 Moroccan firms observed during the initial three waves of the pandemic, we extract data from the World Bank ‘Enterprise Survey: impact on firms’ database. Our analysis, using a logit model, reveals that the impact of the pandemic varied by the gender of the firm head and survey period. Female‐led firms were more severely affected by the health crisis compared with their male peers. The quick application of policy adaptations played a crucial role in reducing the impact of the health crisis on male‐led enterprises. Small firms, particularly those situated in regions such as Beni Mellal‐Khenifra, Drâa‐Tafilalet, Oriental, and Marrakech‐Safi, have been significantly affected by the COVID‐19 crisis. This study makes two key contributions. Firstly, it provides an empirical analysis of the pandemic's impact on Moroccan firms using enterprise‐level data, which is unprecedented in Morocco. Secondly, it investigates the repercussions of the pandemic on female‐led Moroccan firms of varying sizes and regions, acknowledging the disproportionate impact on women during economic crises. The study aims to offer valuable insights for supporting the recovery of female‐led firms in the future. Our findings emphasize the importance of targeted assistance for small firms and those located in affected regions to mitigate the crisis's consequences and promote economic revival. These businesses play a crucial role in the local economy, and supporting their survival and resilience in the post‐COVID‐19 era is essential.

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Section: The Impact Of the Covid-19 Health Crisis On Female-led Firms...supporting

confidence: 75%

Section: The Impact Of the Covid-19 Health Crisis On Female-led Firms...mentioning

confidence: 99%

COVID‐19 and the fate of Moroccan female‐led firms: Regional level evidence

Elouardighi,

Oubejja

2023

Regional Science Policy & Practice

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“…The COVID-19 pandemic and resulting public health crisis had an enormous impact on the global economy at all scales and in all sectors, with disruptions affecting most types of economic activity [2][3][4][5][6][7][8][9][10][11][12], including related sectors such as logistics, transport, and energy [13][14][15][16]24]. While tourism and related activities, including food services, were most affected [20][21][22][23][24], agriculture was affected to varying degrees, depending on the scale, type, and nature of production and geographical location .…”

Section: Discussionmentioning

confidence: 99%

“…Zdolsek and Taskar Beloglavec noted that "awareness of sustainability issues has improved, leading to improved sustainability reporting", as COVID-19 "had no effect on the dynamics of change in the ecosystem of non-financial reporting announcements" [10]. In Iran, Iraq, and Jordan, the sustainable business models of SMEs "shifted slightly from technological to social, customer and organisational changes", motivating SMEs to rethink their core competencies and redefine their sustainability, while the pressure of pandemic restrictions improved and increased the change and innovation components of SMEs [11,12].…”

Section: Literature Reviewmentioning

confidence: 99%

The Impact of COVID-19 Lockdown on West Romanian Crop Production in 2020

Gherasimescu,

Imbrea,

Imbrea

et al. 2023

Sustainability

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The COVID-19 pandemic and the resulting public health crisis had an enormous impact on the global economy and its sectors. Most components were adversely affected, especially the tertiary industry (the part of a country’s economy that provides services), with different types and sizes of businesses suffering to varying degrees. Reports on the impact on agriculture are not lacking, and the crisis was perceived and responded to differently from the supply chain to the household level. The research question proposed in this paper concerns the impact of the early restrictions induced by COVID-19, namely the lockdown period from March to June 2020, on Romanian agriculture and more precisely Western Romanian crop production. Two counties in the West were selected: the county Timis for its highly favourable agricultural production and the county Caras Severin for its integrative agricultural production centred on mixed farms, where crop production is integrated with animal production towards a higher added value. Using secondary data from the National Agency for Payments and Interventions in Agriculture allowed the disaggregation of data at the level of each municipality for 2019 and 2020. The choice of this dataset was related to the level of precision, as the beneficiaries of direct payments in the respective areas are verified each year for both areas and crops. The paired two-tailed t-test was used to test the data for each LAU 2 municipality in each of the selected counties; as the crops sown in 2019 could not be affected by the COVID lockdown period in spring 2020 (March to June), the most important spring crops in terms of area in 2020 were selected and tested against the 2019 datasets. The results show that there is not enough evidence to conclude a significant statistical difference between the two years, and therefore, we cannot reject the null hypothesis and conclude that the pandemic lockdown did not affect the spring crops during their most restrictive period in spring 2020; thus, the overall influence of the COVID-19 lockdown on crop production in Western Romania was insignificant, observed only at the level of primary production. Spring crop production could have been severely affected by the restrictions imposed by the health crisis on access to certain inputs, freedom of movement for field work, and other activities closely linked to agricultural production, leading to early disruptions along the food chain.

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The Role of Entrepreneurial Orientation and Entrepreneurial Bricolage on Frugal Innovation and SMEs Sustainable Performance in Emerging Markets

D. Sengura,

Renyan

2024

IJMSBA

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This study sought to investigate the impact of entrepreneurial orientation (EO) and entrepreneurial bricolage (EB) on frugal innovation (FI), and subsequently, the sustainable performance of small and medium-sized enterprises (SMEs) in emerging markets (EMs). Data were collected from 750 key decision-makers in manufacturing small and medium-sized enterprises (SMEs) in the cities of Dar es Salaam and Arusha, Tanzania, yielding a response rate of 51.47%. The data was analyzed using structural equation modeling in SmartPLS software. The results revealed that EO had a positive and significant effect on both FI and EB. Also, EB had a positive and significant effect on FI, which ultimately led to FI positively influencing SMEs’ sustainable performance. Furthermore, the study showed that EO is a strong driver of FI and SMEs’ sustainable performance when mediated by EB and FI, respectively. These findings indicate that firms operating in resource-constrained environments in EMs should emphasize the FI approach in combination with their strategic initiatives, such as EO and EB, to achieve SMEs’ sustainable performance. The theoretical and practical significance of this study is explained thoroughly. The study clarifies how entrepreneurial orientation and bricolage contribute to frugal innovation and the sustainable performance of SMEs in emerging markets. Additionally, it sheds light on a novel perspective regarding the relationship between entrepreneurial orientation, entrepreneurial bricolage, and SMEs’ sustainable performance through frugal innovation. Furthermore, the study provides a new perspective on developing countries such as Tanzania, which lacks empirical evidence on SMEs sustainable performance.

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The Effect of COVID-19 on the Performance of SMEs in Emerging Markets in Iran, Iraq and Jordan

Cited by 4 publications

References 58 publications

COVID‐19 and the fate of Moroccan female‐led firms: Regional level evidence

COVID‐19 and the fate of Moroccan female‐led firms: Regional level evidence

The Impact of COVID-19 Lockdown on West Romanian Crop Production in 2020

The Role of Entrepreneurial Orientation and Entrepreneurial Bricolage on Frugal Innovation and SMEs Sustainable Performance in Emerging Markets

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