Author(s)

Huizhong Yang ¹, Chen Zhang ¹

Affiliation(s)

¹ Business School of Hunan Normal University, Juzizhou Street, Yuelu District, Changsha City, Hunan Province, 410081, China

Corresponding Author

Huizhong Yang

ABSTRACT

As the capillaries and backbone of the Chinese economy, micro, small and medium-sized enterprises (MSMEs) are also vulnerable to the pandemic and economic turbulence. Their development is of great significance to ensuring employment and maintaining stable growth. The COVID-19 pandemic is a hammer blow to MSMEs in China. In this paper, we comprehensively and systematically analyze the impact mechanism of COVID-19 on MSMEs from the perspectives of demand, supply, and industries, based on the current situation of China's economic development under the shocks of the pandemic along with the characteristics of the COVID-19 pandemic. And then we propose targeted countermeasures to help market players withstand economic headwinds from different aspects, including government policies, financial institutions, industry development, and enterprises themselves.

KEYWORDS

Pandemic, Micro, Small and Medium-Sized Enterprises (Msmes), Impact, Mechanism, Relief Measures

CITE THIS PAPER

Huizhong Yang, Chen Zhang, Analysis of the Impact Mechanism of the Covid-19 Pandemic on Micro, Small and Medium-Sized Enterprises (Msmes) and Countermeasures. Financial Engineering and Risk Management (2022) Vol. 5: 1-5. DOI: http://dx.doi.org/10.23977/ferm.2022.050701.

REFERENCES

[1] Fahlenbrach Rüdiger, Rageth Kevin, Stulz René M. How Valuable Is Financial Flexibility when Revenue Stops? Evidence from the COVID-19 Crisis [J]. The Review of Financial Studies. 2021(11).
[2] Jenny Hu. How Has the COVID-19 Pandemic Affected Chinese Enterprises? [J]. China's Foreign Trade. 2020(02). 
[3] Wang Z. W., Li T. Y., Liao L., Yuan W., Li P. F. Current Situation and Relief Measures of MSMEs under the Impact of COVID-19: Evidence from Business Operation Big Data [J]. The Journal of Quantitative & Technical Economics. 2020, 37(8):21.
[4] Zhang X. B., Kong T. Current Situation and Confidence Index of Small and Micro Business Operators in China under COVID-19 [J]. China Small and Micro Business Operators Investigation Research Group, Review of Industrial Economics 2021(02).
[5] Zhang J. P., Zhu Y. X. The Impact of COVID-19 on China's Service Economy in the Post-COVID-19 Era: A Study Based on a Multi-Period Double Difference [J]. Journal of Industrial Technological Economics 2021(04).
[6] Dai R.C., Feng H., Hu J.P., Jin Q., Li H. W., Wang R. R., Wang R. X., Xu L. H., Zhang X.B. The Impact of COVID-19 on Small and Medium-sized enterprises (SMEs): Evidence from Two-Wave Phone Surveys in China [J]. China Economic Review. 2021(prep).

Sponsors, Associates, and Links

---

• Information Systems and Economics
  
  
• Accounting, Auditing and Finance
  
  
• Industrial Engineering and Innovation Management
  
  
• Tourism Management and Technology Economy
  
  
• Journal of Computational and Financial Econometrics
  
  
• Accounting and Corporate Management
  
  
• Social Security and Administration Management
  
  
• Population, Resources & Environmental Economics
  
  
• Statistics & Quantitative Economics
  
  
• Agricultural & Forestry Economics and Management
  
  
• Social Medicine and Health Management
  
  
• Land Resource Management
  
  
• Information, Library and Archival Science
  
  
• Journal of Human Resource Development
  
  
• Manufacturing and Service Operations Management
  
  
• Operational Research and Cybernetics