SMEs and exogenous shocks: A conceptual literature review and forward research agenda

2021 ◽  
pp. 026624262110507
Author(s):  
Jason Miklian ◽  
Kristian Hoelscher
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Armed Conflict ◽  
Research Agenda ◽  
Disease Outbreaks ◽  
Exogenous Shock ◽  
Exogenous Shocks ◽  
Infectious Disease Outbreaks ◽  
Crisis Events ◽  
Different Types

Economic crises, natural disasters, armed conflict and infectious disease outbreaks, amongst others, present interlinked challenges for small businesses and have generated a recent wealth of research across varied fields. Therefore, this article outlines an analytical lens suggesting how SMEs experience shocks and crises that focuses on the interlinked nature of (i) the business, (ii) the shock and (iii) the response within a given context. We thematically draw out key trends, knowledge gaps and tensions and highlight promising research and engagement avenues for future scholarship and practice. We contextualise (i) how small businesses are distinct from large firms in how they experience shock and crisis events; (ii) how different types of crises impact small business; (iii) how shocks and crises shape SME-specific responses and (iv) how the COVID-19 pandemic as a ‘novel exogenous shock’ influences all of the above. We conclude by emphasising emerging knowledge avenues for future small business, shock and crisis research.

DOES RURAL LOCATION MATTER? THE SIGNIFICANCE OF A RURAL SETTING FOR SMALL BUSINESSES

2005 ◽  
Vol 10 (01) ◽  
pp. 49-63 ◽  
Author(s):  
JEFFREY F. SHIELDS
Keyword(s):  
Small Business ◽  
Cultural Values ◽  
Gender Stereotypes ◽  
Small Businesses ◽  
The United States ◽  
Business Owners ◽  
Rural Setting ◽  
Rural Settings ◽  
Different Types ◽  
Rural Context

Rural settings in the United States have characteristics that present a unique context for small business, often portrayed as adverse. Studies of rural entrepreneurs and small businesses, however, frequently fail to provide data on the rural context and its potential relationship to small business, taking for granted presumed attributes and adverse effects. To develop a better understanding of a rural setting's importance, this research investigated effects of rural geo-demographic and socio-cultural features on 76 small businesses. Results demonstrate that rural geo-demography adversely affects marketability of products and services although there is little adversity for small businesses due to constrained resources (financing, technology, and transportation) or labor issues. Business owners manage their businesses consistent with rural socio-cultural values by relying on strong social ties and word of mouth reputation. However, women-owned businesses experience little adversity due to gender stereotypes. The rural setting considered in the study has varying implications for different types of businesses and for business owners according to how long they have lived in the community. Its effects are neither adverse in all respects nor universal for all small businesses.

Intrapreneurship in Small Businesses: An Exploratory Study

1996 ◽  
Vol 21 (1) ◽  
pp. 5-20 ◽  
Author(s):  
Camille Carrier
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Exploratory Study ◽  
Exploratory Research ◽  
Motivating Factors ◽  
Business Context ◽  
Strategic Processes ◽  
Different Types

In today's context of increasing market globalization, firms wishing to maintain their competitiveness must innovate constantly. Many authors have suggested Intrapreneurship as a method of stimulating innovation and using the creative energy of employees by giving them the resources and independence they need to innovate within the firm. It is somewhat surprising, however, that research into Intrapreneurship has so far concentrated exclusively on large organizations, even though small businesses face the same need for innovation if they are to remain competitive. This exploratory research, which examines the phenomenon of intrapreneurship in the small business context, is aimed at filling the gap. This paper concentrates on some specific aspects of the research, including the different types of intrapreneurship observed, the factors governing their emergence, motivating factors for the intrapreneurs and the owner-managers of the firms, and the strategic processes involved.

Community and Regional Portals in Australia

2004 ◽  
pp. 304-321 ◽  
Author(s):  
Arthur Tatnall ◽  
Stephen Burgess ◽  
Mohini Singh
Keyword(s):  
Small Business ◽  
Customer Loyalty ◽  
Small Businesses ◽  
Lower Cost ◽  
Business Relationships ◽  
Web Portals ◽  
Business Opportunities ◽  
Different Types ◽  
Ease Of Access

The importance of Web portals to small business has increased considerably in recent years. There are many different types of portals, but this chapter examines the use of community and regional portals by small businesses in Australia. In the chapter, two Australian regional portals are contrasted with the more generic e-malls, and the advantages of each are discussed. We show how portals can be used to advantage by small businesses in several different settings. Benefits to small business include: greater customer loyalty, improved business relationships, enhanced e-business trust, lower cost of infrastructure, ease of access to advice, and expanded business opportunities.

scholarly journals Features of corporate culture in small business organizations

2021 ◽  
Vol 7 (3) ◽  
pp. 96-106
Author(s):  
Nikolay A. Tishchenko ◽  
◽  
Angelica I. Luchinkina ◽  
Keyword(s):  
Small Business ◽  
Corporate Culture ◽  
Small Businesses ◽  
Business Organizations ◽  
Different Types ◽  
The Crimea ◽  
The Republic ◽  
The Government ◽  
The Individual ◽  
A Company

One of the main tasks set by the President of the Russian Federation to the Government in May 2018 is the development of small and medium-sized businesses. In recent years, the number of small business organizations in the Crimea has grown significantly, which, on the one hand, develops the economic sector of the Republic and provides jobs, and on the other, creates the fiercest competition in a market economy. So, only in the Crimea, more than 90% of small businesses sell their services to consumers, and are not producers of goods. In addition, the services offered by such companies are not exclusive in the Crimean market. For a company to be competitive, it needs to be recognized and be ahead when compared to other companies. In fact, to ensure competitiveness, a small business company must have a stable positive image, be familiar to everybody. Otherwise, the lifetime of such a company is limited from 1 year to 3 years. The purpose of the article is to describe the results of the study of the corporate culture of small business organizations. Materials and methods. To diagnose the corporate culture of the organization, we used the OSAI method; to determine the styles and norms of behavior, to identify the leading motives of employees' activities – the method of diagnosing the socio psychological attitudes of the individual in the motivational- need sphere developed by O.F. Potemkina. In the course of the study of 7 Crimean small business enterprises, the authors identified several groups of enterprises with tendencies to different types of corporate culture. The motivational profiles of the enterprises included in the ascertaining experiment were studied. During the discussion of the research procedure and its results there were questions concerning the cumbersomeness of psychodiagnostic techniques that measure the type and level of formation of corporate culture, as well as determining the criteria for the success of small businesses with different types of corporate culture in the market.

scholarly journals Fraud, Security, and Controls in Small Businesses: A Proposed Research Agenda

2016 ◽  
Vol 1 (3) ◽  
pp. 15
Author(s):  
Robert Stone
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Research Agenda ◽  
Population Data ◽  
Target Population ◽  
Relative Magnitude ◽  
Internal Controls ◽  
Font Size ◽  
Security Issues ◽  
Data Collection And Analysis

<p><span style="font-size: medium;"><span style="font-family: Times New Roman;">            Fraud and security issues are significant problems faced by businesses. Based on a survey of certified fraud examiners reported in the 2016 ACFE Report to the Nations, total annual loses of all businesses exceeded six billion dollars with an average per case loss just under three million dollars. Small businesses, defined as those with less than 100 employees, reported median fraud losses that were virtually identical to the losses of large businesses. However, given the relative magnitude of assets for these two sizes of businesses, the fraud losses for small businesses have a much bigger impact on small businesses than on large ones. Given the importance of fraud loses to small businesses, fraud, security, and compliance issues are discussed within this context at a conceptual level along with a proposed research agenda.</span></span></p><p><span style="font-size: medium;"><span style="font-family: Times New Roman;">            The presented discussion is framed within the special problems, issues, and potential solutions to fraud and compliance in small businesses. We begin with security and compliance issues faced by all businesses. The essence is that the security and compliance solutions (e.g., software) suitable for large businesses are often inappropriate for small businesses. Based on these results, recommendations for small business controls are offered. These recommendations are structured into three sections, understanding the small business control environment, developing internal controls, and security and compliance software for small businesses. In each of these sections, techniques specific to small businesses are presented. After discussing the need to perform additional research in this area, a research agenda is proposed. The specific topics of identifying the target population, methods of fully understanding the target population, data collection and analysis, and potential manuscripts are presented. A brief summary of the paper is then provided. </span></span></p>

Assessment of small businesses activities in Ukraine

2019 ◽  
pp. 40-47
Author(s):  
Igor Ponomarenko ◽  
Kateryna Volovnenko
Keyword(s):  
Comparative Analysis ◽  
Statistical Analysis ◽  
Small Business ◽  
Small Businesses ◽  
Government Agencies ◽  
Small Enterprises ◽  
The Subject ◽  
Business Entities ◽  
The Impact ◽  
Micro Enterprises

The subject of the research is a set of approaches to the statistical analysis ofthe activities of small business entities in Ukraine, including micro-enterprises. The purpose of writing this article is to study of the features of functioningof small business entities in Ukraine. Methodology. The research methodology isto use a system-structural and comparative analysis (to study the change in thenumber of small enterprises by major components); monographic (when studyingmethods of statistical analysis of small businesses); economic analysis (when assessing the impact of small business entities on socio-economic phenomena andprocesses in Ukraine). The scientific novelty consists to determine the features ofthe functioning of small businesses in Ukraine in modern conditions. The influenceof the activities of the main socio-economic and political indicators on the activities of small enterprises in recent periods of time has been identified. It has beenestablished that there is flexibility in the development of strategies by small businesses in conditions of significant competition, which makes it possible to quicklyrespond to changing situations in specific markets. Conclusions. The use of acomprehensive statistical analysis of small businesses functioning in Ukraine willallow government agencies to develop a set of measures to optimize the activitiesof these enterprises, which ultimately will positively affect the strengthening oftheir competitiveness and will contribute to the growth of the national economicsystem.

Using CSR Disclosure Quality to Develop Social Resilience to Exogenous Shocks: A Test of Investor Perceptions

2015 ◽  
Vol 27 (2) ◽  
pp. 155-177 ◽  
Author(s):  
Kimberly A. Zahller ◽  
Vicky Arnold ◽  
Robin W. Roberts
Keyword(s):  
Strong Support ◽  
Management Control ◽  
Path Model ◽  
Organizational Legitimacy ◽  
Social Resilience ◽  
Exogenous Shock ◽  
Nonprofessional Investors ◽  
Exogenous Shocks ◽  
Csr Disclosure ◽  
Corporate Social

ABSTRACT Our overarching purpose is to propose and test a theory of social resilience to exogenous shocks. The theory posits that high-quality corporate social responsibility (CSR) disclosure promotes the perception of organizational legitimacy, creating social resilience to exogenous shocks (external events outside management control). Using a path model and data from 100 experienced, nonprofessional investors, we examine whether the quality of a corporation's voluntary CSR disclosure increases its perceived organizational legitimacy and if increases in perceived legitimacy help insulate that organization from negative investor reactions following an exogenous shock. The results provide strong support for the model and show that when CSR disclosures are higher quality, investors perceive organizational legitimacy to be higher, inferring that organizations should emphasize quantifiable, consistent, and comparable reporting. Further, the results indicate that higher levels of perceived organizational legitimacy are associated with greater levels of organizational resilience to an intra-industry exogenous shock.

Challenges in the Empirical Study of Global Governance Legitimacy

2018 ◽  
Author(s):  
Steven Bernstein
Keyword(s):  
Empirical Study ◽  
Global Governance ◽  
Research Agenda ◽  
Cultural Factors ◽  
Theory Building ◽  
Trade Off ◽  
Trade Offs ◽  
Different Types ◽  
Political Communities

This commentary discusses three challenges for the promising and ambitious research agenda outlined in the volume. First, it interrogates the volume’s attempts to differentiate political communities of legitimation, which may vary widely in composition, power, and relevance across institutions and geographies, with important implications not only for who matters, but also for what gets legitimated, and with what consequences. Second, it examines avenues to overcome possible trade-offs from gains in empirical tractability achieved through the volume’s focus on actor beliefs and strategies. One such trade-off is less attention to evolving norms and cultural factors that may underpin actors’ expectations about what legitimacy requires. Third, it addresses the challenge of theory building that can link legitimacy sources, (de)legitimation practices, audiences, and consequences of legitimacy across different types of institutions.

scholarly journals Effects of Regional Bank Merger on Small Business Borrowing: Evidence from Japan

2015 ◽  
Vol 7 (11) ◽  
pp. 62
Author(s):  
Hironobu Miyazaki ◽  
Hiroyuki Aman
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Economies Of Scale ◽  
Loan Portfolio ◽  
Small Business Lending ◽  
Borrowing Costs ◽  
Bank Merger ◽  
Regional Bank ◽  
Small Business Loans ◽  
The Impact

This study examines the impact of a regional bank merger in Japan on borrowing by small businesses, focusing on firms that borrow from the acquiring bank, the acquired bank, or both. First, we find that post-merger borrowing costs declined. This result suggests that small borrowers enjoy more favorable post-merger financing conditions because efficiencies from economies of scale lead to lower costs. Second, we<strong> </strong>find that post-merger borrowing costs decline for firms that borrow only from the acquiring or acquired bank, whereas they did not decline for firms that borrow from both. Third, we find that only small business loans to firms that borrow from both the acquiring and acquired banks decrease post-merger. This result suggests that small business lending might decline because of a merged bank’s loan portfolio and lending strategy.

scholarly journals Infectious disease outbreaks in the African region: overview of events reported to the World Health Organization in 2018

2019 ◽  
Vol 147 ◽  
Author(s):  
F. Mboussou ◽  
P. Ndumbi ◽  
R. Ngom ◽  
Z. Kassamali ◽  
O. Ogundiran ◽  
...  
Keyword(s):  
Infectious Disease ◽  
Disease Onset ◽  
Disease Outbreaks ◽  
Case Fatality ◽  
World Health ◽  
African Region ◽  
Regional Office ◽  
Member States ◽  
Infectious Disease Outbreaks ◽  
The World

Abstract The WHO African region is characterised by the largest infectious disease burden in the world. We conducted a retrospective descriptive analysis using records of all infectious disease outbreaks formally reported to the WHO in 2018 by Member States of the African region. We analysed the spatio-temporal distribution, the notification delay as well as the morbidity and mortality associated with these outbreaks. In 2018, 96 new disease outbreaks were reported across 36 of the 47 Member States. The most commonly reported disease outbreak was cholera which accounted for 20.8% (n = 20) of all events, followed by measles (n = 11, 11.5%) and Yellow fever (n = 7, 7.3%). About a quarter of the outbreaks (n = 23) were reported following signals detected through media monitoring conducted at the WHO regional office for Africa. The median delay between the disease onset and WHO notification was 16 days (range: 0–184). A total of 107 167 people were directly affected including 1221 deaths (mean case fatality ratio (CFR): 1.14% (95% confidence interval (CI) 1.07%–1.20%)). The highest CFR was observed for diseases targeted for eradication or elimination: 3.45% (95% CI 0.89%–10.45%). The African region remains prone to outbreaks of infectious diseases. It is therefore critical that Member States improve their capacities to rapidly detect, report and respond to public health events.

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