The perceived impact of the Covid-19 epidemic: evidence from a sample of 4807 SMEs in Sichuan Province, China
By Yi Lu, Jing Wu, J. Peng, Li Lu. 2020
264 citations recorded by the source corpus.
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.
Subfields: Economics and Econometrics, Modeling and Simulation, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/721b7059db0bca4de0639e4c1bd0b7b9d3a4c7e4
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Citations in the corpus
- Innovative Finance, Technological Adaptation and SMEs Sustainability: The Mediating Role of Government Support during COVID-19 Pandemic (2021, background): “[62] China Impact Over 90% of small businesses could not return to work due to an epidemic control shortage, interrupted supply chains, and diminished market demand”
- From Challenges to Creativity: Enhancing SMEs’ Resilience in the Context of COVID-19 (2021, background): “SMEs’ production processes were pressurized due to the lack of human resources and the rise in the rate of human cost caused due to the low employee turnout [32].”