The perceived impact of the Covid-19 epidemic: evidence from a sample of 4807 SMEs in Sichuan Province, China
The outbreak of the coronavirus disease (Covid-19) in January 2020 in Wuhan has had a significant impact on the Chinese economy, and especially on the small and medium-sized enterprises (SMEs). In February 2020 an online questionnaire and follow-up interviews were conducted on 4807 SMEs in Sichuan t...
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| Published in | Environmental hazards Vol. 19; no. 4; pp. 323 - 340 |
|---|---|
| Main Authors | , , , |
| Format | Journal Article |
| Language | English |
| Published |
London
Taylor & Francis
07.08.2020
Taylor & Francis Ltd |
| Subjects | |
| Online Access | Get full text |
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| Abstract | The outbreak of the coronavirus disease (Covid-19) in January 2020 in Wuhan has had a significant impact on the Chinese economy, and especially on the small and medium-sized enterprises (SMEs). In February 2020 an online questionnaire and follow-up interviews were conducted on 4807 SMEs in Sichuan to assess the challenges associated with work resumption and the associated policy requirements. It was found that most SMEs were unable to resume work because of a shortage of epidemic mitigation materials, the inability of employees to return to work, disrupted supply chains, and reduced market demand. Many SMEs were also facing cash flow risks as they had to continue to pay for various fixed expenditures even though they had little or no revenue. As these delays in work resumption have put unprecedented pressures on the survival of many SMEs, recommendations relevant to China and other affected countries regarding cash flow relief, work resumption and consumption stimulation are given to assist SME survival and economic recovery from the disaster situation. |
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| AbstractList | The outbreak of the coronavirus disease (Covid-19) in January 2020 in Wuhan has had a significant impact on the Chinese economy, and especially on the small and medium-sized enterprises (SMEs). In February 2020 an online questionnaire and follow-up interviews were conducted on 4807 SMEs in Sichuan to assess the challenges associated with work resumption and the associated policy requirements. It was found that most SMEs were unable to resume work because of a shortage of epidemic mitigation materials, the inability of employees to return to work, disrupted supply chains, and reduced market demand. Many SMEs were also facing cash flow risks as they had to continue to pay for various fixed expenditures even though they had little or no revenue. As these delays in work resumption have put unprecedented pressures on the survival of many SMEs, recommendations relevant to China and other affected countries regarding cash flow relief, work resumption and consumption stimulation are given to assist SME survival and economic recovery from the disaster situation. |
| Author | Wu, Jing Lu, Yi Peng, Junlin Lu, Li |
| Author_xml | – sequence: 1 givenname: Yi surname: Lu fullname: Lu, Yi organization: Centre for Integrated Research on Risk and Resilience, Department of Geography, King's College London – sequence: 2 givenname: Jing surname: Wu fullname: Wu, Jing organization: Business School, Sichuan University – sequence: 3 givenname: Junlin surname: Peng fullname: Peng, Junlin organization: Tourism School, Sichuan University – sequence: 4 givenname: Li surname: Lu fullname: Lu, Li email: lulirudy@scu.edu.cn organization: Tourism School, Sichuan University |
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| SubjectTerms | Cash flow China Coronaviruses COVID-19 Covid-19 epidemic Economic conditions Economic recovery Economics Epidemics Expenditures Impact analysis Mitigation perceived impact Resumption Return to work Sichuan Small & medium sized enterprises-SME SMEs Stimulation Supply Supply & demand Supply chains Survival |
| Title | The perceived impact of the Covid-19 epidemic: evidence from a sample of 4807 SMEs in Sichuan Province, China |
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