Impact of the pandemic on SME financial resources – the Polish example
Keywords:
pandemic, financial resource management, SME sector, business environment impact, Lower Silesian VoivodeshipAbstract
The problem of managing financial resources in a turbulent
environment focuses on the entrepreneur's recognition of the impact of a changing climate on the consequences of their actions. Therefore, the article attempts to assess the effects of the pandemic on business by identifying access to financial resources in the Small and Medium-sized Enterprises (SME) sector. The study was conducted in the Lower Silesian voivodeship. A questionnaire survey was used in the research technique, and the collected data were subjected to statistical processing (SPSS). Verification of the research question concerning the environment's influence on enterprises' activities showed their predominantly negative influence. The assumptions made in selecting the research sample allow for the formulation of a thesis of broader universality, which should be confirmed in further research, which is an essential contribution to the discussion.
References
Ali, M. H., Suleiman, N., Khalid, N., Tan, K. H., Tseng, M.-L., & Kumar,
M. (2021). Supply chain resilience reactive strategies for food SMEs
in coping to COVID-19 crisis. Trends in Food Science & Technology,
, 94–102. https://doi.org/10.1016/j.tifs.2021.01.021
Alshami, R. (2019). Impact of Lack of Financial Resources on the
Progress of SME in Yemen. Sumedha Journal of Management, 8(3),
-414.
Bettiol, M., Capestro, M., Di Maria, E., & Micelli, S. (2022). Overcoming
pandemic challenges through product innovation: The role of digital
technologies and servitization. European Management Journal,
(5), 707–717. https://doi.org/10.1016/j.emj.2022.05.003
Bretherton, P., & Chaston, I. (2005). Resource dependency and SME
strategy: An empirical study. Journal of Small Business and Enterprise
Development, 12(2), 274–289. https://doi.org/
1108/14626000510594656
Chaber, P., Łapiński, J., Nieć, M., Orłowska, J., & Zakrzewski, R. (2020).
Raport o stanie sektora małych i średnich przedsiębiorstw w Polsce.
Raport PARP, 75.
Ghalke, A., Kumar, S., & Rao, S. V. D. N. (2022). SME financing through
public equity: review of the Indian SME exchanges. Indian Growth and Development Review, 15(1), 85–97. https://doi.org/10.1108/
IGDR-10-2021-0138
Glaser, B. G., & Strauss, A. L. (2009). Odkrywanie teorii ugruntowanej.
Strategie badania jakościowego. Zakład wydawniczy NOMOS.
Gur, N., Babacan, M., Aysan, A. F., & Suleyman, S. (2023). Firm Size and
Financing Behavior during COVID-19 Pandemic: Evidence from
SMEs in Istanbul. Borsa Istanbul Review, 23(4), 804–817. https://
doi.org/10.1016/j.bir.2023.02.001
Hafezalkotob, A., Nersesian, L., & Fardi, K. (2023). A policy-making
model for evolutionary SME behavior during a pandemic recession
supported on game theory approach. Computers and Industrial Engineering,
https://doi.org/10.1016/j.cie.2022.108975
Hossain, M. R., Akhter, F., & Sultana, M. M. (2022). SMEs in Covid-19
Crisis and Combating Strategies: A Systematic Literature Review
(SLR) and A Case from Emerging Economy. Operations Research Perspectives,
https://doi.org/10.1016/j.orp.2022.100222
Kaczmarek, M., & Tarka, P. (2013). Metoda gromadzenia danych a ekwiwalencja
wyników pomiaru systemu wartości w 5- i 7-stopniowych
skalach ratingowych Likerta TT - Method of Data
Collection and Scores Equivalence in Reference to the Value System
Measurement Based on 5- and 7-Point Likert R. Handel Wewnetrzny,
, 42–56. https://search.proquest.com/docview/2085966174?
accountid=46407
Kaya, O. (2022). Determinants and consequences of SME insolvency
risk during the pandemic. Economic Modelling, 115. https://doi.org/
1016/j.econmod.2022.105958
Kochaniak, K., Ulman, P., & Zajkowski, R. (2023). E昀昀ectiveness of
COVID-19 state aid for microenterprises in Poland. International Review
of Economics and Finance, 86, 483–497. https://doi.org/10.1016/
j.iref.2023.03.038
Liu, Y., Dilanchiev, A., Xu, K., & Hajiyeva, A. M. (2022). Financing SMEs
and business development as new post Covid-19 economic recovery
determinants. Economic Analysis and Policy, 76, 554–567. https://
doi.org/10.1016/j.eap.2022.09.006
Nogalski, B., & Niewiadomski, P. (2020). Samoświadomość przedsiębiorstw
jako substrat ich dojrzałości w zarządzaniu kosztami. In
M. Kowalwski (Ed.), Wyzwania w zarzadzaniu kosztami i dokonaniami
(p. 14). Uniwersytet Ekonomiczny we Wrocławiu.
Owusu, J., Ismail, M. Bin, Osman, M. H. B. M., & Kuan, G. (2019). Financial
literacy as a moderator linking financial resource availability
and SME growth in Ghana. Investment Management and Financial Innovations,
(1), 154–166. https://doi.org/10.21511/imfi.16(1).2019.12
Parkitna, A. (2020). Determinanty efektywności małego przedsiębiorstwa.
Oficyna Wydawnicza Politechniki Wrocławskiej. https://www.dbc.
wroc.pl/publication/145697
Simms, C., McGowan, P., Pickernell, D., Vazquez-Brust, D., & Williams,
A. (2022). Uncovering the e昀昀ectual-causal resilience nexus in the
era of Covid-19: A case of a food sector SME’s resilience in the face
of the global pandemic. Industrial Marketing Management, 106, 166–
https://doi.org/10.1016/j.indmarman.2022.08.012
Sipa, M., Gorzeń-Mitka, I., & Skibiński, A. (2015). Determinants of
Competitiveness of Small Enterprises: Polish Perspective. Procedia Economics and Finance, 27, 445–453. https://doi.org/https://doi.org/
1016/S2212-5671(15)01019-9
Skare, M., de las Mercedes de Obesso, M., & Ribeiro-Navarrete, S.
(2023). Digital transformation and European small and medium enterprises
(SMEs): A comparative study using digital economy and
society index data. International Journal of Information Management,
, 102594. https://doi.org/https://doi.org/10.1016/j.ijinfomgt.
102594
Wach, K. (2008). Regional environment for small and medium-sized enterprises.
Publishing House of the Cracow University of Economics.
Wach, K. (2012). Europeizacja małych i średnich przedsiębiorstw.
Wydawnictwo Naukowe PWN.
Wasiuzzaman, S. (2019). Resource sharing in interfirm alliances between SMEs and large firms and SME access to finance: A study of
Malaysian SMEs. Management Research Review, 42(12), 1375–1399.
https://doi.org/10.1108/MRR-10-2018-0369
Yao, Z., & Liu, Y. (2023). How Covid-19 impacts the financing in SMEs:
Evidence from private firms. Economic Analysis and Policy, 79, 1046–
https://doi.org/10.1016/j.eap.2023.06.036
Zathey, M., Wałęga, A., Acedońska, K., Balachowski, J., Cieślak, R.,
Drewnicka, K., Halicka-Borucka, M., Kasprzak, M., Książek, S.,
Kukuła, M., Lesisz, R., Lesiw-Głowacka, K., Lisiewicz, K.,
Mańkowska, K., Molecki, B., Mongiałło, M., Maleszka, W.,
Mykhailovska, O., Nickarz, M., … Zięba, D. (2021). Analiza Gospodarcza
Dolnego Śląska. Instytut Rozwoju Terytorialnego. https://
dawg.pl/wp-content/uploads/2021/07/Analiza-Gospodarcza-
Dolnego-Slaska.pdf
Zhang, D., & Fang, Y. (2022). Are environmentally friendly firms more
vulnerable during the COVID-19 pandemic? Journal of Cleaner Production,
https://doi.org/10.1016/j.jclepro.2022.131781
Zhang, H., Gao, N., Wang, Y., & Han, Y. (2018). Modeling risk governance
and risk perception in personal prevention with regard to
food safety issues. British Food Journal, 120(12), 2804–2817. https://
doi.org/10.1108/BFJ-04-2018-0229
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
