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Business performance during the COVID-19 crisis: a major contribution of entrepreneurial resilience

Author

Listed:
  • Sari, Puteri Andika

    (Sekolah Tinggi Ilmu Ekonomi (STIE) Ekuitas, Bandung, Indonesia)

  • Sari, Wiendy Puspita

    (Sekolah Tinggi Ilmu Ekonomi (STIE) Ekuitas, Bandung, Indonesia)

  • Rinaldo, Dito

    (Sekolah Tinggi Ilmu Ekonomi (STIE) Ekuitas, Bandung, Indonesia)

Abstract

COVID-19 affected the entire world, culminating in a devastating worldwide disaster. The crisis had a major impact on Indonesia, both in terms of health and economic concerns. As economic support in Indonesia, micro, small and medium-sized enterprises (MSMEs) are also impacted. This study was carried out in the West Java Province, including respondents among MSME actors. The aim of this study was to see how entrepreneurial resilience and self-efficacy affected company performance during the COVID-19 crisis. To assess the connection between variables, this research technique uses a quantitative methodology. The partial least squares path modeling (PLS-SEM) is used to validate the model's hypothesis, which is based on its association in a literature study done by numerous prior researchers. The findings of this study show that, as compared to entrepreneurial self-efficacy, entrepreneurial resilience has a substantial impact on MSME company performance during the COVID-19 pandemic. Based on the evaluation of the results of the research on the resilience of MSME owners, it must be supported by external variables such as government policies.

Suggested Citation

  • Sari, Puteri Andika & Sari, Wiendy Puspita & Rinaldo, Dito, 2022. "Business performance during the COVID-19 crisis: a major contribution of entrepreneurial resilience," Studia z Polityki Publicznej / Public Policy Studies, Warsaw School of Economics, vol. 9(2), pages 1-20, August.
    • Handle: RePEc:ris:spppps:0243
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    References listed on IDEAS

    as
    1. Olawale Fatoki, 2018. "The Impact of Entrepreneurial Resilience on the Success of Small and Medium Enterprises in South Africa," Sustainability, MDPI, vol. 10(7), pages 1-12, July.
    2. Ayala, Juan-Carlos & Manzano, Guadalupe, 2014. "The resilience of the entrepreneur. Influence on the success of the business. A longitudinal analysis," Journal of Economic Psychology, Elsevier, vol. 42(C), pages 126-135.
    3. Martina K. Linnenluecke & Brent McKnight, 2017. "Community resilience to natural disasters: the role of disaster entrepreneurship," Journal of Enterprising Communities: People and Places in the Global Economy, Emerald Group Publishing Limited, vol. 11(1), pages 166-185, March.
    4. Lei Sun, 2020. "Economic Growth and Development," Palgrave Studies in Economic History, Palgrave Macmillan, number 978-3-030-46099-0, December.
    5. Jing Sun & Nicholas Buys & Xinchao Wang & Andrew McAuley, 2011. "Using the concept of resilience to explain entrepreneurial success in China," International Journal of Management and Enterprise Development, Inderscience Enterprises Ltd, vol. 11(2/3/4), pages 182-202.
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    Cited by:

    1. John Rey G. Lobaton, 2023. "Micro, small, and medium-sized enterprises (MSMEs) and their employees have been particularly hard hit by the recession because of the COVID-19 pandemic. This study assesses the level of vulnerability," Technium Business and Management, Technium Science, vol. 3(1), pages 104-125.

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    More about this item

    Keywords

    COVID-19 crisis; entrepreneurial resilience; entrepreneurial self-efficacy; small business performance; West Java MSMEs;
    All these keywords.

    JEL classification:

    • H84 - Public Economics - - Miscellaneous Issues - - - Disaster Aid
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • Z18 - Other Special Topics - - Cultural Economics - - - Public Policy

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