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Economic Crisis and Smes’ Behavior: An Analysis on the Furniture Sector in Italy

Author

Listed:
  • Marco Cioppi
  • Fabio Musso
  • Elisabetta Savelli

    (Carlo Bo University of Urbino, Italy)

Abstract

This paper examines the results of a case study analysis carried out on five small and medium-sized enterprises (SMEs) operating in the furnishing sector of an Italian province. The aim of the study was to analyze which kind of strategies SMEs are adopting in order to face the economic crisis started in 2008. The cases analyzed highlighted the ability of firms in reacting by the development a proactive strategy, which brought them to positive economic results over time. Discussion of results and ijebfarial implications are suggested in order to properly address other enterprises acting in similar market condition.

Suggested Citation

  • Marco Cioppi & Fabio Musso & Elisabetta Savelli, 2014. "Economic Crisis and Smes’ Behavior: An Analysis on the Furniture Sector in Italy," The International Journal of Economic Behavior - IJEB, Faculty of Business and Administration, University of Bucharest, vol. 4(1), pages 115-126.
    • Handle: RePEc:but:ijebfa:v:4:y:2014:i:1:p:115-126
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    References listed on IDEAS

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    2. Paul Hong & Chenglei Huang & Bo Li, 2012. "Crisis management for SMEs: insights from a multiple-case study," International Journal of Business Excellence, Inderscience Enterprises Ltd, vol. 5(5), pages 535-553.
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    4. Antonella Zucchella & Paolo Scabini, 2007. "Theoretical Foundations of International Entrepreneurship," Palgrave Macmillan Books, in: International Entrepreneurship, chapter 1, pages 5-27, Palgrave Macmillan.
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    Cited by:

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    3. Eggers, Fabian, 2020. "Masters of disasters? Challenges and opportunities for SMEs in times of crisis," Journal of Business Research, Elsevier, vol. 116(C), pages 199-208.

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    Keywords

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    JEL classification:

    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration

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