Macroeconomic lockdown effects of COVID-19 on small business in China: empirical insights from SEM technique

In this study, the SEM technique was used to analyse model. The data have been gathered for the study from the managers and employees of Chinese SMEs. The findings of the study show that COVID-19 has a significant negative impact on financial performance, operational performance, profitability, access to finance, and customer satisfaction. According to the study's findings, external support aids have a greater impact on SMEs' ability to survive and thrive through innovation than on their actual performance. The findings of this study have a number of important practical consequences for small- and medium-sized business owners, governments, and policymakers.PMID:35451716 | DOI:10.1007/s11356-022-20071-x
Source: Environmental Science and Pollution Research International - Category: Environmental Health Authors: Source Type: research