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

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

&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;

Název v anglickém jazyce

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

Popis výsledku anglicky

&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;

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50206 - Finance

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2024

Kód důvěrnosti údajů

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

Název statě ve sborníku

Conference Proceedings Business Trends 2024

ISBN

978-80-261-1270-9

ISSN

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e-ISSN

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Počet stran výsledku

12

Strana od-do

165-176

Název nakladatele

Faculty of Economics University of West Bohemia in Pilsen

Místo vydání

Plzeň

Místo konání akce

Plzeň

Datum konání akce

21. 11. 2024

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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