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SMEs’ innovation and government support during the COVID-19 pandemic

Author

Listed:
  • Hang Thu Nguyen
  • Tra Thi Dan Vu
  • Hiep Manh Nguyen
  • Dung Bui Phuong Nguyen

Abstract

Purpose - There is a need for research examining how governments and firms responded to the coronavirus disease (COVID-19) pandemic. This study investigates the interdependence between governments and innovative small and medium-sized enterprises (SMEs) during the pandemic in relation to the dynamic capabilities and resource dependence theories. Design/methodology/approach - We use World Bank survey data collected immediately before and after the COVID-19 outbreak and a generalized structural equation model to examine the mediating role of government support in the relationship between firm innovation, resilience and survival. Findings - Innovative SMEs exhibited higher resilience and a better chance of survival during the pandemic, partly due to attracting more government support. Originality/value - This study offers a novel understanding of the government’s role in supporting innovative SMEs during the pandemic. The findings have implications for how government support policies can limit the deadweight effect and the substitution effect.

Suggested Citation

  • Hang Thu Nguyen & Tra Thi Dan Vu & Hiep Manh Nguyen & Dung Bui Phuong Nguyen, 2024. "SMEs’ innovation and government support during the COVID-19 pandemic," Journal of Asian Business and Economic Studies, Emerald Group Publishing Limited, vol. 31(3), pages 203-215, February.
    • Handle: RePEc:eme:jabesp:jabes-08-2023-0300
    DOI: 10.1108/JABES-08-2023-0300
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    More about this item

    Keywords

    Government support; Innovation; Firm survival; COVID-19; SMEs; D24; G33; H12; O38;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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