THE IMPACT OF COVID-19 ON SMALL AND MEDIUM ENTERPRISES FINANCING CHOICES: A CASE OF BULAWAYO METROPOLITAN PROVINCE

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60076658%3A12510%2F24%3A43909025" target="_blank" >RIV/60076658:12510/24:43909025 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

THE IMPACT OF COVID-19 ON SMALL AND MEDIUM ENTERPRISES FINANCING CHOICES: A CASE OF BULAWAYO METROPOLITAN PROVINCE

Original language description

&quot;Globally, funding spurs SMEs&apos; success. Despite numerous studies on COVID-19, research on itseffects on SMEs’ financing choices and levels remains limited. This paper examines the impact of COVID-19 on the SMEs’ financing choices and levels in Bulawayo Metropolitan Province, Zimbabwe, pre-Covid-19,during and post-Covid-19. Based on a randomly selected sample of 714 SMEs, the results were generatedusing a combination of descriptive statistics, analysis of variance and logistic regression methods. The studydrew five main findings. Firstly, while SMEs were funded from different sources before and during the threelockdowns, funding choices shifted during the lockdowns. Secondly, most SMEs were not operating duringthe first lockdown, but this changed towards the end of the last lockdown. Thirdly, there was a shift in typesof funding from before to during the lockdown period. Fourthly, a distinction can be drawn between fundingmethods used by operating and non-operating SMEs. Finally, the level of financing using internal sources offinance decreased during the lockdowns while that of external sources of finance increased, and was largelydominated by bank financing, even though the level of funding by the government was low. Consequently,the study recommends that the government improve its quality and level of financial assistance and initiatives,the financial sector improves its depth and breadth, and SMEs improve their business models to ensureimproved sources and levels of funding.&quot;

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50206 - Finance

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2024

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Conference Proceedings Business Trends 2024

ISBN

978-80-261-1270-9

ISSN

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e-ISSN

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Number of pages

12

Pages from-to

165-176

Publisher name

Faculty of Economics University of West Bohemia in Pilsen

Place of publication

Plzeň

Event location

Plzeň

Event date

Nov 21, 2024

Type of event by nationality

EUR - Evropská akce

UT code for WoS article

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