Drivers of SME Resilience in Southeast Asia during COVID-19

Article Article scientifique Article Drivers of SME Resilience in Southeast Asia during COVID-19 eng 2023-06-15 2023-06-15 author Falciola Justine 0000-0002-1135-9321 Research and Strategies for Export, International Trade Centre, Geneva, Switzerland 699111 Département de médecine (DEMED) author Mohan Sarah Research and Strategies for Export, International Trade Centre, Geneva, Switzerland author Ramos Barbara Research and Strategies for Export, International Trade Centre, Geneva, Switzerland author Rollo Valentina 0000-0001-6014-6691 Research and Strategies for Export, International Trade Centre, Geneva, Switzerland 700955 1236-1257 10.1080/00220388.2023.2219126 0022-0388 https://www.tandfonline.com/doi/full/10.1080/00220388.2023.2219126 Defining and measuring resilience has become a subject of interest in a world characterized by crises. Calls for empirical work on the microeconomic drivers of the resilience of small and medium-sized enterprises (SMEs) have drawn attention to the need for an enterprise resilience index. This paper fills this gap by proposing a multi-dimensional framework for firm resilience. Factor analysis of firm level data from surveys conducted in Cambodia and the Philippines before and during the COVID-19 crisis identifies a set of firm-level factors that drove successful SME performance during the pandemic. Structural Equation Modelling combines these factors into a firm level resilience index and confirms that the index is positively correlated with commonly used proxies of firm performance during crises, such as retaining employees. The insights from the analysis indicate that investment in certain dimensions of firm performance in good times can drive their resilience during crises. Resilience COVID-19 Multi-dimentional index Latent variables models SME true Journal of development studies 59 8 d48957b2-2edc-4010-b465-f515e2f1d51c Article (Published version) Restricted Drivers_of_SME_Resilience_in_Southe.pdf 682520 application/pdf f05af5493c69d62467aee27e6419777c36662b4ca260b2143759fa7b777e4dfb 42db5b9a-0416-4540-9335-fac8548e1e77 Supplemental data Restricted Article-scientifique-from-unpaywall.pdf 1319190 application/pdf 5be8872482f704688bfb559ffd1f807bd96a731cedcc30eb99dd17b1bd6fbf34 restrictedAccess

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Drivers of SME Resilience in Southeast Asia during COVID-19	Journal of development studies			2023	44	0

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Rollo, Valentina