The SME Condition During Covid 19 Pandemic: Financial And Business Overview
Abstract
The Covid-19 outbreak has become a global problem and has caused economic
problems in various sectors including the SME sector. This research was conducted
to examine the impact of the Covid-19 pandemic on the business conditions of SMEs
which later can be used by policy makers in determining the right actions to
overcome financial problems in the SME sector.
This research was conducted in the province of South Kalimantan using primary
data. Sampling was done by purposive sampling with an instrument in the form of a
questionnaire. This study used a sample of 233 respondents. The data analysis
technique was performed using the analysis of the validity and reliability of the
instrument and quantitative descriptive analysis to describe the financial conditions
of SMEs and the affected business / corporate sectors. The results of this study found
that (1) There was a significant difference to the financial condition of SMEs before
and after the pandemic, where there was a decrease in gross income (-41.6%) and
the level of profit in the SME sector (-62.8%) in general (2) Some of the impacts of
the Covid Pandemic -19 regarding the business conditions of SMEs, namely (a)
there are still many SMEs that have not been able to sell online, (b) there has been
an increase in raw materials, (c) the majority of SMEs have difficulty obtaining raw
materials, (d) there is a decrease in motivation and work productivity which is
significant, (e) there are still many SMEs that experience a shortage of cash and
many SMEs are in arrears of liabilities, (f) but the majority of SMEs still believe
they will survive and pass the pandemic.
Downloads
References
[2]. Correia, S., Luck, S., & Verner, E. (2020). Fight the pandemic, save the economy: Lessons from the 1918 flu. Federal Reserve Bank of New York, 5.
[3]. Stellinger, A., Berglund, I., & Isakson, H. (2020). How trade can fight the pandemic and contribute to global health. COVID-19 and Trade Policy: Why Turning Inward Won’t Work, 21.
[4]. Liu, D., Sun, W., & Zhang, X. (2020). Is the Chinese economy well positioned to fight the COVID-19 pandemic? The financial cycle perspective. Emerging Markets Finance and Trade, 56(10), 2259-2276.
[5]. INDEF, 2020. Teori Tindakan Kolektif dan Peran Masyarakat untuk Mengatasi Pandemi Covid-19. Available at https://indef.or.id/update/detail/kuliah-umum-teori-tindakan-kolektif-dan-peran-masyarakat-untuk-mengatasi-pandemi-covid-19.
[6]. CORE, 2020. Dampak Ekonomi Covid-19 Bagi Indonesia. Available at https://politik.rmol.id/read/2020/04/20/431071/prediksi-core-pengangguran-akibat-covid-19-di-indonesia-bisa-bertambah-hingga-9-juta-orang.
[7]. Basrowi, B. (2020). Dampak dari Lesunya Perekonomian Akibat Wabah Corona. Available at https://www.suara.com/yoursay/2020/03/30/151403/dampak-dari-lesunya-perekonomian-akibat-wabah-corona
[8]. Bernheim, B. D., & Taubinsky, D. (2018). Behavioral public economics. In Handbook of Behavioral Economics: Applications and Foundations 1 (Vol. 1, pp. 381-516). North-Holland.
[9]. Obal, M., & Gao, T. (2020). Managing business relationships during a pandemic: Conducting a relationship audit and developing a path forward. Industrial Marketing Management, 88, 247-254.
[10]. Broughel, J., & Kotrous, M. (2021). The Benefits of Coronavirus Suppression: A Cost-Benefit Analysis of the Response to the First Wave of COVID-19 in the United States. Covid Economics, 67, 128-171.
[11]. Nikolopoulos, K., Punia, S., Schäfers, A., Tsinopoulos, C., & Vasilakis, C. (2021). Forecasting and planning during a pandemic: COVID-19 growth rates, supply chain disruptions, and governmental decisions. European Journal of Operational Research, 290(1), 99-115.
[12]. Sharma, P., Leung, T. Y., Kingshott, R. P., Davcik, N. S., & Cardinali, S. (2020). Managing uncertainty during a global pandemic: An international business perspective. Journal of business research, 116, 188-192.
[13]. Turaev, I., & Ganiev, F. (2021). Management Strategy of Small and Medium Enterprises during the Pandemic Covid-19. Journal La Bisecoman, 2(1), 7-12.
[14]. Susilawati, S., Falefi, R., & Purwoko, A. (2020). Impact of COVID-19’s Pandemic on the Economy of Indonesia. Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences, 3(2), 1147-1156.
[15]. Wang, D., Hubacek, K., Liang, X., Coffman, D. M., Hallegatte, S., & Guan, D. (2021). Reply to: Observed impacts of the COVID-19 pandemic on global trade. Nature Human Behaviour, 1-2.
[16]. Wang, D., Hubacek, K., Liang, X., Coffman, D. M., Hallegatte, S., & Guan, D. (2021). Reply to: Observed impacts of the COVID-19 pandemic on global trade. Nature Human Behaviour, 1-2.
[17]. Muley, D., Shahin, M., Dias, C., & Abdullah, M. (2020). Role of transport during outbreak of infectious diseases: evidence from the past. Sustainability, 12(18), 7367.
[18]. Alfonso, V., Boar, C., Frost, J., Gambacorta, L., & Liu, J. (2021). E-commerce in the pandemic and beyond. BIS Bulletin, 36.
[19]. Shabuur, M. I., & Mangundjaya, W. L. (2020). Pengelolaan stres dan peningkatan produktivitas kerja selama work from home pada masa pandemi covid-19. Jurnal Psikologi Udayana, 7(2), 93-109.
[20]. Susilowati, N. (2020). Produktivitas Jamu Pada Masyarakat Argomulyo Di Masa Pandemi. Jurnal Ekonomi & Pendidikan, 17(2).
[21]. Pratiwi, E. T., & Jasiyah, R. (2021, February). PENINGKATAN SUMBER DAYA MANUSIA, DIGITAL MARKETING, DAN PENGELOLAAN KAS PELAKU UMKM SAAT PANDEMI COVID-19. In Seminar Nasional ADPI Mengabdi Untuk Negeri (Vol. 2, No. 2, pp. 13-18).
