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Impact of Covid-19 Crisis and Resilience of Small and Medium Enterprises. Evidence from Romania

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  • Anica Iancu
  • Luminita Popescu
  • Anca Antoaneta Varzaru
  • Costin Daniel Avram

Abstract

This study aims to analyze how SMEs handle the disruptions caused by the Covid-19 crisis. We used a questionnaire-based survey and analysed the results based on descriptive and inferential quantitative methods. Following the processing and interpretation of the data collected, we note, the importance of the government measures in order to support SMEs to ensure the economy’s functioning as close as possible to the normal state. Limited access to liquidity, lack of strong state support, poorly prepared and motivated human resources, low digitalization are the weaknesses of SMEs are the main obstacles to resilience in this crisis.

Suggested Citation

  • Anica Iancu & Luminita Popescu & Anca Antoaneta Varzaru & Costin Daniel Avram, 2022. "Impact of Covid-19 Crisis and Resilience of Small and Medium Enterprises. Evidence from Romania," Eastern European Economics, Taylor & Francis Journals, vol. 60(4), pages 352-374, July.
    • Handle: RePEc:mes:eaeuec:v:60:y:2022:i:4:p:352-374
    DOI: 10.1080/00128775.2022.2032177
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    Cited by:

    1. Apol Pribadi Subriadi & Shinta Amalia Kusuma Wardhani, 2022. "Survivability Scenario of SMEs in Facing COVID-19 Crisis Based on the Social Commerce Framework," Sustainability, MDPI, vol. 14(6), pages 1-24, March.

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