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The Resilience of SMEs in Fighting COVID-19 through Online Business Acceleration

Author

Listed:
  • Hardy Loh Rahim
  • S Sarifah Radiah Shariff
  • Rohana Ngah
  • Siti Ayu Jalil

Abstract

The COVID-19 pandemic has impacted the social and economic well-being of the world. From an economic perspective, nations around the world have been negatively impacted by the pandemic, including Malaysia. Billions of Ringgit Malaysia have been lost, and businesses, especially SMEs, have suffered tremendously. However, the number of online businesses has increased due to the pandemic response that forced people to stay home. Thus, this paper studies the online business phenomenon among SMEs in Malaysia. The study employs a quantitative survey among online business entrepreneurs in Malaysia. Based on the findings, it reveals that of the SMEs in Malaysia that ventured into online business, most were motivated by the pandemic as they saw it as a business opportunity. Surprisingly, the majority of them agreed that the pandemic positively impacted their business and their sustainability.

Suggested Citation

  • Hardy Loh Rahim & S Sarifah Radiah Shariff & Rohana Ngah & Siti Ayu Jalil, 2022. "The Resilience of SMEs in Fighting COVID-19 through Online Business Acceleration," International Journal of Applied Economics, Finance and Accounting, Online Academic Press, vol. 13(1), pages 10-19.
    • Handle: RePEc:oap:ijaefa:v:13:y:2022:i:1:p:10-19:id:570
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    More about this item

    Keywords

    Online business; SMEs; COVID-19.;
    All these keywords.

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