Surviving the COVID-19 pandemic: the antecedents of success among European SMEs

Chit, Myint Moe ORCID logoORCID: https://orcid.org/0000-0002-0866-0340, Croucher, Richard ORCID logoORCID: https://orcid.org/0000-0002-9617-734X and Rizov, Marian ORCID logoORCID: https://orcid.org/0000-0002-8895-1980 (2022) Surviving the COVID-19 pandemic: the antecedents of success among European SMEs. European Management Review . ISSN 1740-4754 [Article] (Published online first) (doi:10.1111/emre.12525)

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Abstract

We research the antecedents of relative success among SMEs in avoiding temporary or permanent closure during the COVID-19 pandemic. We investigate the roles of firm-specific resources and state support policies in influencing SME fortunes, in a sizeable group of European countries covered in the World Bank Enterprise Survey (WBES). Using resource dependency, Varieties of Capitalism and Systems theories, we find that innovative capacities, institutional connectedness, governance and management experience were major antecedents of success across all SMEs. Significant differences in outcomes were found between SMEs operating in old and new EU member states, and non-EU countries.

Keywords: Enterprise survival, innovativeness, COVID-19, World Bank Enterprise Survey, SMEs, government support

Item Type: Article
Sustainable Development Goals:
Research Areas: A. > Business School > Leadership, Work and Organisations > Employment Relations group
Item ID: 35229
Notes on copyright: © 2022 The Authors. European Management Review published by John Wiley & Sons Ltd on behalf of European Academy of Management (EURAM).
This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited.
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Depositing User: Richard Croucher
Date Deposited: 10 Jun 2022 15:05
Last Modified: 10 Jun 2022 15:05
URI: https://eprints.mdx.ac.uk/id/eprint/35229

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