Description
Book SynopsisThis cutting-edge book explores the impact of pandemic shocks and other crises on businesses. Focusing on growing threats to business resilience, it offers innovative strategies to manage financial change and reposition small and medium-sized enterprises (SMEs) and entrepreneurs for success.
The expert team of contributors provide multi-dimensional perspectives on how to support businesses to access finance. Focusing on SMEs, the book analyses the diverse coping strategies adopted by firms to resolve entrepreneurial issues. Chapters evaluate the impact of crises on SMEs’ finances; the latest developments in debt, equity and asset-based finance; and recent global inflationary pressures. Ultimately, the book argues that SME resilience is central to a strong economy, and swift action from governments, financial institutions, and other stakeholders is needed to curb the liquidity trap faced by businesses.
Tackling theoretical, practical and policy issues, this book will be a useful resource for students and researchers of entrepreneurship, financial regulation and the economics of innovation. It will also be an invaluable guide for policymakers and practitioners seeking to boost SME resilience and control economic shocks.
Trade Review‘With significant focus on the impact of the Covid pandemic on SMEs, this book has considerable contemporary relevance. But as the editors emphasise, the Covid pandemic is just one of several sources of turbulence and disruption that are currently impacting SMEs across the globe. Moreover, as they go on to note, turbulence and disruption are recurring events, giving the book ongoing relevance beyond the pandemic.’ -- Colin Mason, University of Glasgow, Scotland, UK
‘The editors have assembled a distinguished and diverse collection of contributors who are able to offer real insights into the marketplace for entrepreneurial finance. Although these marketplaces differ massively between countries, they are united in the common theme that participants lack power. They are constantly subject to shocks from which some, but not all, survive. Who does, who does not, and why, are therefore key questions addressed in the volume.’ -- David Storey, University of Sussex Business School, UK
Table of ContentsContents: 1 Entrepreneurial financial resilience and financial innovation in a turbulent era 1 Jonathan M. Scott, Javed G. Hussain, Samuel Salia and David Deakins 2 The impact of the Covid-19 global pandemic upon the entrepreneurial financial resilience of SMEs 22 Harry Matlay 3 Chinese ventures’ strategic choices and recurring disruptions in the entrepreneurial process 36 Li Xiao 4 Evaluation of an enterprise resource planning system in turbulent times: a case study of the SMEs of the United Kingdom and Australia 46 Dilek Demirbaş, Kathleen Flynn and David Bennett 5 Collective resilience in constrained environments: entrepreneurship in a sub-Himalayan community and the COVID-19 pandemic 65 Sanjay Bhowmick and Prasoom Dwivedi 6 Crowdfunding and traditional finance: the prospects and challenges for SMEs in Nigeria 86 Oyerinmade R. Oladejo, Adekunle I. Ogunsade, Seun Kolade and Victor Atiase 7 Understanding SME financial resilience and survivability in Africa 107 Victor Atiase, Senyo Agbanyo, Patronella Ganza, Johnson Ameh and Robert Sambian 8 Seeding the green recovery: an assessment of the roles of UK government venture capital funds 134 Robyn Owen 9 Designing financial products that support rural livelihoods: making microfinance work for the poor 155 Gilbert Zana Naab, Rashmi Arora, Prathivadi Anand, Francis Zana Naab, Pattanapong Tiwasing and Joseph Kwadwo Danquah 10 Developing Brazil’s sustainable finance entrepreneurship ecosystem: the role of keystone actors and institutional logics 190 Patrick Elf and Robyn Owen Index
