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SMEs Facing Crisis: Ideal Response or Equifinal Reactions?

In: Business Under Crisis Volume I

Author

Listed:
  • Diego Campagnolo

    (University of Padova
    ICRIOS Bocconi University)

  • Martina Gianecchini

    (University of Padova)

  • Paolo Gubitta

    (University of Padova)

  • Simona Leonelli

    (University of Padova)

  • Alessandra Tognazzo

    (University of Padova)

Abstract

Although small and medium enterprises (SMEs) constitute the backbone of the European economy, studies on resilience and crisis management in SMEs are still scarce. While its limited resources reduce the possibility for an SME to adopt proactive actions of anticipation, its fast decision-making processes can facilitate the identification of effective concurrent actions of coping and reacting during a crisis. Through a descriptive approach on a sample of Italian SMEs, we investigate both the types of causes that undermine their survival and the types of actions they undertake to counter the effects of a crisis and thrive. Our findings contribute to the debate in the resilience and crisis management literature by advancing current understanding of the relationship between sources of threats and response actions in SMEs.

Suggested Citation

  • Diego Campagnolo & Martina Gianecchini & Paolo Gubitta & Simona Leonelli & Alessandra Tognazzo, 2022. "SMEs Facing Crisis: Ideal Response or Equifinal Reactions?," Palgrave Studies in Cross-disciplinary Business Research, In Association with EuroMed Academy of Business, in: Demetris Vrontis & Alkis Thrassou & Yaakov Weber & S. M. Riad Shams & Evangelos Tsoukatos & Leonidas (ed.), Business Under Crisis Volume I, chapter 4, pages 63-84, Palgrave Macmillan.
    • Handle: RePEc:pal:pscchp:978-3-030-76567-5_4
    DOI: 10.1007/978-3-030-76567-5_4
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