The effects of COVID-19 on businesses

Stemmler, Henry

doi:10.54394/bzkj3115

Cited by 10 publications

(6 citation statements)

References 34 publications

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“…Other companies were mostly supported through indirect government measures (better access to credit, deferment of payments). So, the public policy of different countries implemented their own approaches to the type of support for businesses operating in key and non-key economic sectors (Stemmler, 2022).…”

Section: Resultsmentioning

confidence: 99%

Government financial support for businesses in the period of global threats

Gryshchenko,

Barikova,

Oliinyk

et al. 2023

Cuest. Pol.

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The aim of the article was to analyse the available approaches to the formation and implementation of governmental financial support for enterprises in the period of global threats. The research methodology is based on the identification of key risks and their nature; graphical method of classification of fiscal constraints; construction of scatter diagram; methods of sociological study and comparison of groups; grouping of the main approaches to government policy. The results identified the dependence of fiscal instruments of government support on the possibility of internal indebtedness and external economic problems in middle and low-income countries. The conclusions of the case identified the most effective instruments of government financial policy as a whole and by economic groups of countries and economic sectors. Finally, the need to expand the financial instruments of governmental support of enterprises in view of the consequences of the Russian aggression in Ukraine is emphasized.

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Section: Resultsmentioning

confidence: 99%

Government financial support for businesses in the period of global threats

Gryshchenko,

Barikova,

Oliinyk

et al. 2023

Cuest. Pol.

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“…OECD (2020) SMEs may have less resilience and flexibility in dealing with the costs of shocks; while a reduction in production, the costs of underutilised labour and capital weigh greater on SMEs than larger firms. Stemmler (2022) added that some government designated services were tagged "essential," to help them remain (partially) open as well as being granted other preferential treatment.…”

Section: Internal Factors (Downsizing and Fear Of Exiting Business) I...mentioning

confidence: 99%

Impacts of COVID-19 Pandemic on the SMEs Performance in Nigeria

Orujekwe,

Rahim,

Ubaidillah

2024

IJARBSS

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This study aims to examine the multifaceted impacts of the internal and external factors arising from the COVID-19 pandemic on the small and medium-sized Enterprises (SMEs) in Nigeria. By analysing the internal factors (downsizing and fear of existing business), and external factors (reduction in demand and revenue reduction), the research seeks to provide valuable insight for policymakers, business owners, and stakeholders, ultimately contributing to the development of targeted strategies for enhancing SMEs' performance and fostering economic recovery in Nigeria. The following null hypothesis guided this study, and was tested at 0.05 level of significance. H0: There is no significant impact of internal factors on SMEs performance in Nigeria; H1: There is no significant impact of external factors on SMEs performance in Nigeria; H2: There is no significant impact of covid-19 on SMEs performance in Nigeria. Methodology: This proposed research methodology was based on a crosssectional and quantitative investigation with a snowball sampling approach. Company owners, managers, and supervisors of SME's are sent online questionnaires. The online questionnaire was distributed mostly to SMEs based in cities because the average number of SMEs in Nigeria's cities probably accounts for more than half of all SMEs. This study used an online survey on Google questionnaire that was sent to approximately 100 people; however, by using the snowballing method of sampling, the number of people who participated rose to 300 people from all parts of Nigeria (North and South) who live in the country's cities. The questionnaire was designed in open and closed end pattern which will be administered to the small and medium scale enterprises directly; and adopts various measurement methods, including Likert scale, multiple choice and ranking method. Regression analysis was employed to measure these impacts from the stated null hypotheses. The data-gathering instrument for this study was a social media-based questionnaire. The questionnaire was designed to obtain quantitative data and information in those locations, to identify the impact of the COVID-19 pandemic on SMEs, recovery method, and constrains to recovery. The data obtained was presented in tables and analysed using mean, percentages, and standard deviation. Findings: Findings from the study revealed that SME's need to constantly measure their performances during crises such as covid-19, to be able to take decisions on: continuing,

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“…Notably, the impact on jobs and working hours displayed an asymmetrical pattern. Stemmler's (2022) research investigated the pandemic's economic impact on businesses and their corresponding responses, distinguishing between essential and non-essential companies. The study noted substantial discrepancies in governmental assistance and the stringency of physical barriers across nations.…”

Section: Research Significance and Justificationsmentioning

confidence: 99%

A predictive strategy to mitigate the impact of the COVID-19 pandemic on the Saudi economy

Aldhmadi,

Almutairi,

Elmelegy

et al. 2024

Int. j. adv. appl. sci.

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This study aimed to examine the impact of the COVID-19 pandemic on Saudi Arabia's economy and to propose a strategy based on forecasting to lessen the negative effects of the pandemic while looking ahead to economic opportunities after the pandemic. The research utilized ARIMA models to predict important economic measures in Saudi Arabia, such as GDP, exports, imports, investment in assets, consumer spending, unemployment rates, inflation rates, and oil production, up to 2028, using the Box-Jenkins method. The results showed that the pandemic initially had a detrimental effect on the Saudi economy, with decreases in GDP, exports, and imports, as well as increases in unemployment and inflation. However, the study forecasts a positive recovery and growth in the economy after COVID-19. It recommends the adoption of a national policy to address the COVID-19 challenges, emphasizing the need for a comprehensive economic strategy to tackle the issues brought by the pandemic and to navigate the post-pandemic economic environment. This approach is in line with Vision 2030 and is intended to guide policymakers in developing and implementing strategies to reduce the pandemic's economic impact and support economic recovery.

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The effects of COVID-19 on businesses

Cited by 10 publications

References 34 publications

Government financial support for businesses in the period of global threats

Government financial support for businesses in the period of global threats

Impacts of COVID-19 Pandemic on the SMEs Performance in Nigeria

A predictive strategy to mitigate the impact of the COVID-19 pandemic on the Saudi economy

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