_.gif)
_.gif)
Fiscal Stimulus and Micro and Small Enterprise Resilience during the Covid19 Pandemic in Riau
Abstract
This article aims to obtain an overview of the fiscal stimulus and conditions of micro and small businesses in Riau. Field research for 4 (four) months, from June 2021 to September 2021. This study uses primary data obtained from distributing questionnaires to micro and small businesses in Riau. This study purposively selected 75 respondents with equal proportions in all districts and cities. In Riau, in 2020, micro-enterprise financing reached Rp. 23.7 billion, the most in Pekanbaru City and the least in Kuantan Singingi. Most of the micro and small business actors who received a fiscal stimulus from the government did not have other jobs and had been in business for more than one year. The main business carried out is the trade sector and services, with the most places of business being at home. Generally, small and micro business actors do not get bank loans and KUR. They use their capital and informal loans. They obtained information on stimulus assistance from the government and its officials, the media, banks, and cooperatives. Most of the stimulus assistance proponents came from the offices, cooperatives, and banks.
Keywords
Full Text:
PDFReferences
Amri, A. (2020). Dampak Covid-19 terhadap UMKM di Indonesia. Jurnal Brand, 2(1), 147-153.
Asgary, A., Ozdemir, A.I., Özyürek, H. (2020). Small and Medium Enterprises and Global Risks: Evidence from Manufacturing SMEs in Turkey. International Journal Disaster Risk Science, 11, 59-73. DOI: 10.1007/s13753-020-00247-0
Aslan, A., Silvia, S., Nugroho, B. S., Ramli, M., & Rusiadi, R. (2020). Teacher’s leadership teaching strategy supporting student learning during the Covid-19 disruption. Nidhomul Haq: Jurnal Manajemen Pendidikan Islam, 5(3), 321-333.
Bartik, A., Bertrand, M., Cullen, Z. B., Glaeser, E. L., Luca, M., & Stanton, C. (2020). How are small businesses adjusting to Covid-19? Early evidence from a survey. Harvard Business School Working Paper, 20(012), 1–37. Doi: 10.2139/ssrn.3574741
Blanco, A., Irimia, A., Oliver, M. D., & Wilson, N. (2015). Improving bankruptcy prediction in micro -entities by using nonlinear effects and non-financial variables. Finance a uver-Czech Journal of Economics and Finance, 65 (2), 144–166.
Bourletidis, K., & Triantafyllopoulos, Y. (2014). SMEs Survival in time of Crisis (…). Procedia - Social and Be-havioral Sciences, 148, 639-644. DOI:10.1016/j.sbspro.2014.07.092
Bourletidis,K. (2013). The strategic management of market information to SMEs during economic crisis. Procedia - Social and Behavioral Sciences, 73, 598-606. DOI:10.1016/j.sbspro.2013.02.096
Chethiyar, S. D., Asad, M., Kamaluddin, M. R., Ali, A., & Sulaiman, M. A. (2019). Impact of information and communication overload syndrome on the performance of students. Opción, 24, 390-405.
Dias, A. Manuel, E.C., Dutschke, G. Pereira, L.F. Pereira, R. (2021). Economic crisis effects on SME dynamic capabilities. International Journal of Learning and Change, 13 (1), 63 – 80.DOI: 10.1504/IJLC.2021.111662
Fernandes, N. (2020). Economic Effects of Coronavirus Outbreak (Covid-19) on the World Economy. Available at SSRN: https://ssrn.com/abstract=3557504. DOI:10.2139/ssrn.3557504
Geremewe, Y.T. (2018). The role of micro and small enterprises for poverty alleviation. International Journal of Research Studies in Agricultural Sciences, 4 (12): 1–10. Doi: 10.20431/2454-6224.0412002
Ghosh, S. (2020). Examining the Covid-19 relief package for MSMEs. Economic and Political Weekly, 55(22), 20-22.
Giannacourou, M., Kantaraki, M., Christopoulou, V. (2015). The Perception of Crisis by Greek SMEs and Its Impact on Managerial Practices. Procedia - Social and Behavioral Sciences, 175, 546-551. DOI:10.1016/j.sbspro.2015.01.1235
Hamdani, J., & Wirawan, C. (2012). Open innovation implementation to sustain Indonesian SMEs. Procedia Economics and Finance, 4,223-233. DOI: 10.1016/S2212-5671(12)00337-1
Inan, G.G., & Bititci, U. (2015). Understanding organizational capabilities and dynamic in the context of mi-cro enterprises (…). Procedia - Social and Behavioral Sciences, 210, 310-319. DOI:10.1016/j.sbspro.2015.11.371
Iswahyudi, H. (2016). Back to oil: Indonesia economic growth after Asian financial crisis. Economic Journal of Emerging Markets, 8(1), 25-44. DOI:10.20885/ejem.vol8.iss1.art3
Jenny, F. (2020). Economic Resilience, Globalization and Market Governance: Facing the Covid-19 Test (March 28). Available at SSRN: https://ssrn.com/abstract=3563076 or http://dx.doi.org/10.2139/ssrn.3563076
Kalogiannidis, S., Chatzitheodoridis, F., Kontsas, S. (2020). An eclectic discussion of the effects of Covid-19 Pandemic on the world economy during the first stage of the spread. International Journal of Financial Research, 11(6), 137-153. DOI:10.5430/ijfr.v11n6p137
Kraus, S., Clauss, T., Breier, M., Gast, J., Zardini, A., Tiberius, V. (2020). The economics of Covid-19: initial empirical evidence on how family firms in five European countries cope with the corona crisis. International Journal of Entrepreneurial Behavior and Research, 26 (5): 1067-1092. DOI: 10.1108/IJEBR-04-2020-0214
Kücher, A., Mayr, S., Mitter, C., Duller, C., Feldbauer‑Durstmüller, B. (2020). Firm age dynamics and causes of corporate bankruptcy: age dependent explanations for business failure. Review of Managerial Science, 14:633–661. DOI: 10.1007/s11846-018-0303-2
Manzoor, Faiza, Longbao Wei, Mohammad Nurunnabi, and Qazi Abdul Subhan. (2019). Role of SME in poverty alleviation in SAARC Region via panel data analysis. Sustainability, 11 (22): 1–14. DOI: 10.3390/su11226480.
Marlinah, L. (2020). Peluang dan Tantangan UMKM Dalam Upaya Memperkuat Perekonomian Nasional Tahun 2020 Ditengah Pandemi Covid 19. Jurnal Ekonomi, 22(2), 118-124
Mayr S, Mitter C, Aichmayr A (2017) corporate crisis and sustainable reorganization: evidence from bankrupt Austrian SMEs. Journal Small Business Managemant, 55(1):108–127. DOI:10.1111/jsbm.12248
Mehta, S., Saxena, T., & Purohit, N. (2020). The new consumer behaviour paradigm amid Covid-19: Permanent or transient? Journal of Health Management, 22(2), 291–301. DOI: 10.1177/0972063420940834
Nassif, V.M., Corrêa, V.S., Rossetto, D.E. (2020). Estão os empreendedores e as pequenas empresas preparadas para as adversidades contextuais? Uma reflexão à luz da pandemia do Covid-19. Re-vista de Empreendedorismo e Gestão de Pequenas Empresas. 9(2), jan./abr. DOI:10.14211/regepe.v9i2.1880
Nasution, D. A. D., Erlina, E., & Muda, I. (2020). Dampak pandemi Covid-19 terhadap perekonomian Indonesia. Jurnal Benefita, 5(2), 212. DOI:10.22216/jbe.v5i2.5313
Nasution, L. (2020). Efektifitas HKI Sebagai Pelindung Industri Kreatif dan UMKM Di Tengah Pandemi Covid-19. Adalah, 4(1).
Ningrum, P. A., et al. (2020). The Potential of Poverty in the City of Palangka Raya: Study SMIs Affected Pandemic Covid 19. Budapest International Research and Critics Institute-Journal (BIRCI-Journal) Volume 3, No 3, Page: 1626-1634
Pakpahan, A. K. (2020). Covid-19 dan implikasi bagi usaha mikro, kecil dan menengah. Jurnal Ilmiah Hubungan Internasional, 20 (April), 59-64.
Safitri, Y, Ningsih, R.D., Agustianingsih, D.P., Sukhwani, V., Kato, A., and Shaw, R. (2021). Covid-19 Impact on SDGs and the fiscal measures: Case of Indonesia. International Journal Environment Research Public Health 18, 2911. DOI: 10.3390/ijerph18062911
Saidi, L. O., Adam, P., Rostin, R., Saenong, Z., Balaka, M. Y., Gamsir, G., Asmuddin, A., & Salwiah, S. (2017). The effect of stock prices and exchange rates on economic growth in Indonesia. International Journal of Economics and Financial Issues, 7(3), 527-533.
Saleh, A., Mujahiddin. (2020). Challenges and Opportunities for Community Empowerment Practices in Indonesia during the Covid-19 Pandemic through Strengthening the Role of Higher Education. Budapest International Research and Critics Institute-Journal (BIRCI-Journal). Volume 3, No 2, Page: 1105-1113.
Shakeel, S., Ahmed Hassali, M. A., & Abbas Naqvi, A. (2020). Health and economic impact of Covid-19: Mapping the consequences of a pandemic in Malaysia. Malaysian Journal of Medical Sciences, 27(2), 159-164. DOI:10.21315/mjms2020.27.2.16
Shaker, R. Z., Asad, M., & Zulfiqar, N. (2018). Do predictive power of Fibonacci retracements help the investor to predict future? A study of Pakistan Stock Exchange. International Journal of Economics and Financial Research, 4(6), 159-164.
Sihombing, E. H., Nasib. (2020). The Decision of Choosing Course in the Era of Covid 19 through the Telemarketing Program, Personal Selling and College Image. Budapest International Research and Critics Institute-Journal (BIRCI-Journal) Volume 3, No. 4, Page: 2843-2850.
Soetjipto, N. (2020). Ketahanan UMKM Jawa Timur melintasi pandemi Covid-19 (1th ed.). K-Media.
Sugarda, P. P., & Wicaksono, M. R. (2017). Strengthening Indonesia's economic resilience through regulatory reforms in banking, investment and competition law. International Journal of Economic Perspectives, 11(3), 1093-1103.
Sugiri, D. (2020). Menyelamatkan usaha mikro, kecil dan menengah dari dampak pandemi Covid-19. Fokus Bisnis: Media Pengkajian Manajemen dan Akuntansi, 19(1), 76-86
Thaha, A. F. (2020). Dampak Covid-19 terhadap UMKM di Indonesia. BRAND Jurnal Ilmiah Manajemen Pemasaran, 2(1), 147-153.
Thukral, E. (2021). Covid-19: Small and medium enterprises challenges and responses with creativity, innovation, and entrepreneurship. Strategic Change, 30, 153–158. DOI: 10.1002/jsc.2399
Ucbasaran, D., D. A. Shepherd, A. Lockett and S. J. Lyon, 2013, “Life after business failure: The process and Wenzel, M., Stanske, S., & Lieberman, M.B. (2020). Strategic responses to crisis. Strategic Management Journal, 41, 7-18. DOI:10.1002/smj.3161
Yang, L., & Ren, Y. (2020). Moral obligation, public leadership, and collective action for epidemic prevention and control: Evidence from the corona virus disease 2019 (Covid-19) emergency. International Journal of Environmental Research and Public Health, 17(8), 2731-2747. DOI: 10.3390/ijerph17082731
DOI: https://doi.org/10.33258/birci.v5i1.3615
Article Metrics
Abstract view : 145 timesPDF - 46 times
Refbacks
- There are currently no refbacks.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.