Funding and management support for recovering of micro, small and medium enterprises during disruption of COVID-19

https://doi.org/10.31295/ijbem.v4n1.725

Authors

Keywords:

business prediction, financial development, pandemic COVID-19 disruption, small business management

Abstract

This study analyzes financial and management support for the recovery of MSMEs after the COVID-19 pandemic in Indonesia. Small businesses' development is expected to drop about conditions of funding and management in line with the national pandemic response policy. To answer this problem, we have carried out various data collection techniques, including introductory reading, literature review of publications, and other documentation. Then analyze with a phenomenological approach through critical analysis, explain what we get through keyword searches to find literature, evaluate, identify themes, determine structures, and draw conclusions. The critical analysis process for the validity and reliability of the answer findings ensures that the findings have answered this study's questions. By paying attention to existing data and analysis results, it can be concluded that small business activities receive funding and management support from the government as a stimulus effort after being faced with various difficulties. These publications' findings prove the seriousness of governments in several countries and local governments to help small businesses survive during the pandemic and after the outbreak. Thus, this study's results will be meaningful input for all stakeholders in the world of MSMEs.

Downloads

Download data is not yet available.

References

Arend, R. J., & Wisner, J. D. (2005). Small business and supply chain management: is there a fit?. Journal of Business Venturing, 20(3), 403-436. https://doi.org/10.1016/j.jbusvent.2003.11.003

Aslan, A., Silvia, S., Nugroho, B. S., Ramli, M., & Rusiadi, R. (2020). Teacher’s Leadership Teaching Strategy Supporting Student Learning During the COVID-19 Disruption. Nidhomul Haq: Jurnal Manajemen Pendidikan Islam, 5(3), 321-333.

Blandina, S., Fitrian, A. N., & Septiyani, W. (2020). Strategi Menghindarkan Indonesia dari Ancaman Resesi Ekonomi di Masa Pandemi. Efektor, 7(2), 181-190.

Fanelli, D. (2009). How many scientists fabricate and falsify research? A systematic review and meta-analysis of survey data. PloS one, 4(5), e5738.

Febriana, D. T. (2017). Peranan Pemerintah Daerah dalam PemberdayaanUKM di Desa Sukamulya Kecamatan Banyumas Kabupaten PringsewuPerspektif Ekonomi Islam (Studi pada Kelompok Usaha Bersama (KUBE) Kain Perca desa Sukamulya Binaan Dinas Koperindag Kabupaten Pringsewu) (Doctoral dissertation, UIN Raden Intan Lampung).

Goniewicz, K., Khorram-Manesh, A., Hertelendy, A. J., Goniewicz, M., Naylor, K., & Burkle, F. M. (2020). Current response and management decisions of the European Union to the COVID-19 outbreak: a review. Sustainability, 12(9), 3838.

Haddud, A., DeSouza, A., Khare, A., & Lee, H. (2017). Examining potential benefits and challenges associated with the Internet of Things integration in supply chains. Journal of Manufacturing Technology Management.

Hadi, A., Handajani, L., & Putra, I. N. N. A. (2018). Financial disclosure based on Web-ICT determinants: its implications for local government financial performance in Indonesia. International research journal of management, IT and social sciences, 5(1), 72-85.

Haider Syed, M., Khan, S., Raza Rabbani, M., & Thalassinos, Y. E. (2020). An artificial intelligence and NLP based Islamic FinTech model combining Zakat and Qardh-Al-Hasan for countering the adverse impact of COVID 19 on SMEs and individuals.

Hansemark, O. C. (2003). Need for achievement, locus of control and the prediction of business start-ups: A longitudinal study. Journal of economic Psychology, 24(3), 301-319. https://doi.org/10.1016/S0167-4870(02)00188-5

Humphery, O., & Freeman, O. O. (2018). SMES financing and its effects on Nigerian economic growth.

Kauffmann, C. (2005). Financing SMEs in Africa.

Kumar, R., Singh, R. K., & Shankar, R. (2015). Critical success factors for implementation of supply chain management in Indian small and medium enterprises and their impact on performance. IIMB Management review, 27(2), 92-104. https://doi.org/10.1016/j.iimb.2015.03.001

Marlinah, L. (2020). Peluang dan Tantangan UMKM Dalam Upaya Memperkuat Perekonomian Nasional Tahun 2020 Ditengah Pandemi Covid 19. Jurnal Ekonomi, 22(2), 118-124

Moser, C. A., & Yared, P. (2020). Pandemic lockdown: The role of government commitment (No. w27062). National Bureau of Economic Research.

Muhyiddin, M. (2020). Covid-19, New Normal, dan Perencanaan Pembangunan di Indonesia. Jurnal Perencanaan Pembangunan: The Indonesian Journal of Development Planning, 4(2), 240-252.

Napitupulu, D., Syafrullah, M., Rahim, R., Abdullah, D., & Setiawan, M. I. (2018, April). Analysis of user readiness toward ICT usage at small medium enterprise in south tangerang. In Journal of Physics: Conference Series (Vol. 1007, No. 1, p. 012042). IOP Publishing.

Nasution, L. (2020). Efektifitas HKI Sebagai Pelindung Industri Kreatif dan UMKM Di Tengah Pandemi Covid-19. 'ADALAH, 4(1).

Pakpahan, A. K. (2020). Covid-19 Dan Implikasi Bagi Usaha Mikro, Kecil, Dan Menengah. Jurnal Ilmiah Hubungan Internasional, 59-64.

Putra, P., Liriwati, F. Y., Tahrim, T., Syafrudin, S., & Aslan, A. (2020). The students learning from home experiences during Covid-19 school closures policy in Indonesia. Jurnal Iqra': Kajian Ilmu Pendidikan, 5(2), 30-42.

Razumovskaia, E., Yuzvovich, L., Kniazeva, E., Klimenko, M., & Shelyakin, V. (2020). The Effectiveness of Russian Government Policy to Support SMEs in the COVID-19 Pandemic. Journal of Open Innovation: Technology, Market, and Complexity, 6(4), 160.

Rowan, N. J., & Galanakis, C. M. (2020). Unlocking challenges and opportunities presented by COVID-19 pandemic for cross-cutting disruption in agri-food and green deal innovations: Quo Vadis?. Science of the Total Environment, 141362. https://doi.org/10.1016/j.scitotenv.2020.141362

Saputri, M. A., & Wijaya, T. (2018). Pengaruh Tingkat Literasi Keuangan Terhadap Pengelolaan Keuangan Pada Pelaku UMKM Kecamatan Mojolaban Kabupaten Sukoharjo [PhD Thesis]. IAIN Surakarta.

Setyawan, W., & Wulandari, S. (2020). Perilaku Manajemen Keuangan Mahasiswa Kelas Karyawan Di Cikarang. Jurnal Ilmu Manajemen Dan Bisnis, 11(1), 47-60.

Shafi, M., Liu, J., & Ren, W. (2020). Impact of COVID-19 pandemic on micro, small, and medium-sized Enterprises operating in Pakistan. Research in Globalization, 2, 100018. https://doi.org/10.1016/j.resglo.2020.100018

Singh, S., Kumar, R., Panchal, R., & Tiwari, M. K. (2020). Impact of COVID-19 on logistics systems and disruptions in food supply chain. International Journal of Production Research, 1-16.

Sondakh, O. (2019, June). Measuring the Organizational Innovation Capabilities (A case study of SMEs Food Industry in Surabaya-Indonesia). Information and Knowledge Management.

Sugiri, D. (2020). Menyelamatkan usaha mikro, kecil dan menengah dari dampak pandemi Covid-19. Fokus Bisnis: Media Pengkajian Manajemen dan Akuntansi, 19(1), 76-86.

Taiwo, J. N., Falohun, T. O., & Agwu, P. E. (2016). SMEs financing and its effects on Nigerian economic growth. European Journal of Business, Economics and Accountancy, 4(4).

Thaha, A. F. (2020). Dampak covid-19 terhadap UMKM di Indonesia. BRAND Jurnal Ilmiah Manajemen Pemasaran, 2(1), 147-153.

Wu, W. W. (2010). Beyond business failure prediction. Expert systems with applications, 37(3), 2371-2376. https://doi.org/10.1016/j.eswa.2009.07.056

Wu, Z., Chua, J. H., & Chrisman, J. J. (2007). Effects of family ownership and management on small business equity financing. Journal of business venturing, 22(6), 875-895. https://doi.org/10.1016/j.jbusvent.2006.07.002

Published

2021-02-01

How to Cite

Antoni, A. (2021). Funding and management support for recovering of micro, small and medium enterprises during disruption of COVID-19. International Journal of Business, Economics & Management, 4(1), 28-34. https://doi.org/10.31295/ijbem.v4n1.725

Issue

Section

Peer Review Articles