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Business Risks in Small- and Medium-Sized Enterprises
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Business Risks in Small- and Medium-Sized Enterprises

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Business and Entrepreneurship".

Deadline for manuscript submissions: closed (31 October 2023) | Viewed by 1965

Special Issue Editor

Dr. Marcel Kordoš

E-Mail Website
Guest Editor
Faculty of Social and Economic Relations, Alexander Dubček University of Trenčín, 911 50 Trenčín, Slovakia
Interests: international economics; global entrepreneurship; Industry 4.0; international business and trade; the position of EU in world economy; world economy development issues
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

This Special Issue focuses on the broad topic of “Business Risks in Small- and Medium-sized Enterprises” and includes novel research pertaining to entrepreneurship around the world, strategic management, as well as assessments of internal and external organizational environments and how they interact with stakeholders. Theoretical and empirical articles pertaining to the following, and related topics are welcome: the application of entrepreneurial orientation around the world; the COVID-19 pandemic outbreak fallouts; industry 4.0 concept regarding robotics, digitization and artificial intelligence; international labor market issues within the new emerging jobs and job displacement issue; international business development regarding the imposed economic sanctions resulting from the Russian–Ukrainian conflict; corporate social responsibility; risk management; modes of international entrepreneurial expansion; corporate and/or personal outcomes from diversity, inclusion, and equity (DEI) programs.

We encourage the submission of contributions focusing on empirical and non-empirical methods in today’s complex world; we also encourage novel measures dealing with global entrepreneurship and/or strategic management, as well as risk management and all other types of risk and international management. All submissions must contain original unpublished work that is not being considered for publication elsewhere.

Dr. Marcel Kordoš
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • Global entrepreneurship issues
  • Economic sanctions
  • Global pandemic outbreak
  • Industry 4.0

Published Papers (1 paper)

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Research

16 pages, 465 KiB  
Article
How Did Swiss Small and Medium Enterprises Weather the COVID-19 Pandemic? Evidence from Survey Data
by Christina Nicolas, Nathalie Brender and David Maradan
J. Risk Financial Manag. 2023, 16(2), 104; https://doi.org/10.3390/jrfm16020104 - 08 Feb 2023
Viewed by 1521
Abstract
The COVID-19 pandemic had unprecedented consequences on businesses and, in particular, small and medium enterprises (SMEs). The aim of this paper is to empirically study the impact of the COVID-19 sanitary crisis on Swiss SMEs two years after the onset of the pandemic. [...] Read more.
The COVID-19 pandemic had unprecedented consequences on businesses and, in particular, small and medium enterprises (SMEs). The aim of this paper is to empirically study the impact of the COVID-19 sanitary crisis on Swiss SMEs two years after the onset of the pandemic. Using a sample of 149 SMEs operating in the French-speaking region of Switzerland, we find that revenue loss across the full sample averaged 14% in 2020 compared to 2019. Our findings show that firm characteristics are not significant in explaining turnover loss while business management strategies such as business restructuring, remote working, and prioritizing employee protection were significantly associated with revenue. Our results suggest that remote work should be gradually introduced in sectors of activity whenever possible to reduce the financial burden of any future pandemic on SMEs. Additionally, we quantify the impact of closure on SMEs and find that firms having reported to have closed partially or completely due to sanitary restrictions were impacted seven times more in terms of revenue loss compared to SMEs that did not cease their activity during the COVID-19 crisis. This paper contributes to our understanding of the magnitude of the financial impact of the COVID-19 pandemic on SMEs and highlights the importance of SMEs adopting efficient business management strategies, and implementing measures to support smaller firms by public authorities in times of crisis. Full article
(This article belongs to the Special Issue Business Risks in Small- and Medium-Sized Enterprises)
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