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A global review of COVID-19 Assistance Program for Small Business

Author

Listed:
  • J. Q. Cheong

    (Universiti Malaysia Sabah, Malaysia Author-2-Name: Author-2-Workplace-Name: Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)

Abstract

" Objective - This paper offers a review of the latest studies with regards to the impact of COVID-19 on small businesses in different countries around the world. Methodology - This paper reviewed a compilation of COVID-19 studies focusing on SMEs that was conducted between 2020 and 2022. The review enables us to understand the globally common or underlying challenges to SMEs due to COVID-19, along with an assessment of government's initiatives that were implemented to alleviate the impact. The review revealed that the pandemic caused a major disruption for small businesses which also acts as a catalyst towards digitization and innovation towards competitiveness which is facilitated by government initiatives. The review process comprises systematic and vast-ranging search for articles related to the subjects to look for evidence, and secondly, for limit the risk of biasness. Findings - This survey of experiences elsewhere might provide insights to policymakers in countries that are struggling to cope with the problem on the initiatives to consider and the additional initiatives that might be necessary to make them effective in their individual country contexts. Novelty - Given limitations of space, we survey only a limited sample of countries from Asia and Europe, along with the US and Canada. Hopefully, their experiences will provide a broad enough spectrum of initiatives for policymakers elsewhere to consider and evaluate. Type of Paper - Review"

Suggested Citation

  • J. Q. Cheong, 2022. "A global review of COVID-19 Assistance Program for Small Business," GATR Journals jber218, Global Academy of Training and Research (GATR) Enterprise.
    • Handle: RePEc:gtr:gatrjs:jber218
    DOI: https://doi.org/10.35609/jber.2022.6.4(4)
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    References listed on IDEAS

    as
    1. Fairlie, Robert W., 2020. "The Impact of COVID-19 on Small Business Owners: Evidence of Early-Stage Losses from the April 2020 Current Population Survey," IZA Discussion Papers 13311, Institute of Labor Economics (IZA).
    2. Maksim Belitski & Christina Guenther & Alexander S. Kritikos & Roy Thurik, 2022. "Economic effects of the COVID-19 pandemic on entrepreneurship and small businesses," Small Business Economics, Springer, vol. 58(2), pages 593-609, February.
    3. Jose C. Alves & Tan Cheng Lok & Yubo Luo & Wei Hao, 2020. "Crisis challenges of small firms in Macao during the COVID-19 pandemic," Frontiers of Business Research in China, Springer, vol. 14(1), pages 1-23, December.
    4. Paul Bishop, 2019. "Knowledge diversity and entrepreneurship following an economic crisis: an empirical study of regional resilience in Great Britain," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 31(5-6), pages 496-515, May.
    5. Alexander W. Bartik & Marianne Bertrand & Zoë B. Cullen & Edward L. Glaeser & Michael Luca & Christopher T. Stanton, 2020. "How Are Small Businesses Adjusting to COVID-19? Early Evidence from a Survey," NBER Working Papers 26989, National Bureau of Economic Research, Inc.
    6. Jack Blundell & Stephen Machin, 2020. "Self-employment in the Covid-19 crisis," CEP Covid-19 Analyses cepcovid-19-003, Centre for Economic Performance, LSE.
    7. Jack Blundell & Stephen Machin & Maria Ventura, 2020. "Covid-19 and the self-employed: six months into the crisis," CEP Covid-19 Analyses cepcovid-19-012, Centre for Economic Performance, LSE.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Small Business; COVID-19; Impact; Literature Review; Government Policy;
    All these keywords.

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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