The effect of major public emergencies on technology-based SMEs: Survival crisis and relief paths
Finance Research Letters
; 2023.
Article
in English
| Scopus | ID: covidwho-2306659
ABSTRACT
This paper explores the impact of major unexpected public event on the survivability of technology-based small and medium-sized enterprises and the role of external support policies and internal adjustment strategies in mitigating the shock. Using data on Growth Enterprise Market listed companies for 2018–2021, we found that COVID-19 outbreaks caused severe survival pressure on technology-based SMEs, which we see mainly in the reduction of development capacity, operation capacity, profitability, and debt servicing capacity. Additionally, we find that both external support policies and internal adjustment strategies can effectively mitigate the negative impact of COVID-19 on the viability of technology-based SMEs. © 2023 Elsevier Inc.
Full text:
Available
Collection:
Databases of international organizations
Database:
Scopus
Type of study:
Experimental Studies
/
Prognostic study
Language:
English
Journal:
Finance Research Letters
Year:
2023
Document Type:
Article
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