Surviving the COVID-19 pandemic: The antecedents of success among European SMEs

Chit, Myint-Moe, Croucher, Richard and Rizov, Marian (2022) Surviving the COVID-19 pandemic: The antecedents of success among European SMEs. European Management Review . ISSN 1740-4754

Full content URL: https://doi.org/10.1111/emre.12525

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Surviving the COVID-19 pandemic: The antecedents of success among European SMEs
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Abstract

We research the antecedents of relative success among SMEs in avoiding temporary or permanent closure during the COVID-19 pandemic. We investigate the roles of firm-specific resources and state support policies in influencing SME fortunes, in a sizeable group of European countries covered in the World Bank Enterprise Survey (WBES). Using resource dependency, Varieties of Capitalism and Systems theories, we find that innovative capacities, institutional connectedness, governance and management experience were major antecedents of success across all SMEs. Significant differences in outcomes were found between SMEs operating in old and new EU member states, and non-EU countries.

Keywords:Enterprise survival, innovativeness, COVID-19, World Bank Enterprise Survey, SMEs, government support
Subjects:N Business and Administrative studies > N100 Business studies
L Social studies > L110 Applied Economics
N Business and Administrative studies > N110 European Business studies
L Social studies > L113 Economic Policy
N Business and Administrative studies > N200 Management studies
Divisions:Lincoln International Business School
ID Code:48751
Deposited On:11 Apr 2022 13:33

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