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Enterprise risk management: effects of the pandemic on the revival and success of India's micro, small, and medium-sized enterprises

Author

Listed:
  • Abhaya Sanatan Satpathy
  • Suresh Kumar Sahoo
  • Asit Mohanty
  • Pragyan P. Mohanty
  • Bijay Kumar Paikaray
  • Reji Kumar Rajamony

Abstract

The devastating effect of COVID-19 came as a never-ending nightmare for humanity. The present pandemic situation has an adverse deep impact on Indian micro, small and medium enterprises (MSME). The process of vaccination is a great relief; still, the 2nd wave of COVID-19 forced Indian states to resort to social distancing through the lockdown and shutdown. This has put a question mark on the fate of the MSMEs. The current study examines the impact of the COVID-19 pandemic on the employees' turnaround, productivity, demand, supply chain, sales, cash flow, and profitability of MSMEs. Although the majority of the research was conducted in the first wave of COVID-19 in India, current work made a remarkable difference in focusing on the effect of the later stage of 2nd wave of COVID-19; it gives a clearer picture of vulnerability as compared to earlier studies. The paper covers the entrepreneurs' perspective supported by empirical evidence.

Suggested Citation

  • Abhaya Sanatan Satpathy & Suresh Kumar Sahoo & Asit Mohanty & Pragyan P. Mohanty & Bijay Kumar Paikaray & Reji Kumar Rajamony, 2025. "Enterprise risk management: effects of the pandemic on the revival and success of India's micro, small, and medium-sized enterprises," International Journal of Business Continuity and Risk Management, Inderscience Enterprises Ltd, vol. 15(2), pages 144-168.
    • Handle: RePEc:ids:ijbcrm:v:15:y:2025:i:2:p:144-168
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