Impact of Covid-19 Crisis and Resilience of Small and Medium Enterprises. Evidence from Romania

This study aims to analyze how SMEs handle the disruptions caused by the Covid-19 crisis. We used a questionnaire-based survey and analysed the results based on descriptive and inferential quantitative methods. Following the processing and interpretation of the data collected, we note, the importanc...

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Bibliographic Details
Published inEastern European economics Vol. 60; no. 4; pp. 352 - 374
Main Authors Iancu, Anica, Popescu, Luminita, Varzaru, Anca Antoaneta, Avram, Costin Daniel
Format Journal Article
LanguageEnglish
Published Abingdon Routledge 04.07.2022
Taylor & Francis Ltd
Subjects
business environment
COVID-19
Crises
Data processing
Economic theory
Economics
entrepreneurship
Human resources
Organizational behavior
Quantitative analysis
Resilience
Small & medium sized enterprises-SME
small and medium enterprises
Small business
Subject classification codes: M10
Eastern Europe
Romania
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Summary:This study aims to analyze how SMEs handle the disruptions caused by the Covid-19 crisis. We used a questionnaire-based survey and analysed the results based on descriptive and inferential quantitative methods. Following the processing and interpretation of the data collected, we note, the importance of the government measures in order to support SMEs to ensure the economy's functioning as close as possible to the normal state. Limited access to liquidity, lack of strong state support, poorly prepared and motivated human resources, low digitalization are the weaknesses of SMEs are the main obstacles to resilience in this crisis.
Bibliography:ObjectType-Article-1
SourceType-Scholarly Journals-1
ObjectType-Feature-2
content type line 14
ISSN:0012-8775
1557-9298
DOI:10.1080/00128775.2022.2032177