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Business Relationships Between Government (Through Their Intervention) and Businesses

In: Managing Sustainable Business Relationships in a Post Covid-19 Era

Author

Listed:
  • Vijay Pereira

    (NEOMA Business School)

  • Yama Temouri

    (Khalifa Univ of Science and Technology)

  • Daicy Vaz

    (NEOMA Business School)

Abstract

During the Covid-19 pandemic, governments have also been supportive to SMEs. For example, in France, the government sanctioned 4 billion Euros (Mawad, 2020) and in the UK, 1 billion GBP was set aside for SMEs (Stothard, 2020). Collaborations for innovation and sustainability are critical for SMEs. Ties with the government can help in tax reductions and loan subsidies. This is usually the scenario where businesses can benefit from government relations. While the MNCs fared better during the ongoing pandemic, SMEs were struggling to make ends meet mainly due to financial constraints. To lessen these burdens, government and some private companies came forward to help. Bank of America and Unilever donated USD 250 million and USD 540 million, respectively, to fund small businesses and households. When a crisis strikes, mostly small business owners are affected leading to closure of business (Kalogiannidis, 2020). In countries such as Canada, USA, Japan, France, and Germany, governments have initiated job retention schemes to support firms and their employees (OECD, 2020c).

Suggested Citation

  • Vijay Pereira & Yama Temouri & Daicy Vaz, 2022. "Business Relationships Between Government (Through Their Intervention) and Businesses," SpringerBriefs in Business, in: Managing Sustainable Business Relationships in a Post Covid-19 Era, chapter 0, pages 25-28, Springer.
    • Handle: RePEc:spr:spbrcp:978-3-030-96199-2_4
    DOI: 10.1007/978-3-030-96199-2_4
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