Characterizing the Resilience of Micro, Small, and Medium Enterprises (MSMEs) and Its Causal Determinants Amid the Health Crisis

G-mar D. Mondragon, Leomarich F. Casinillo, Analita A. Salabao
{"title":"Characterizing the Resilience of Micro, Small, and Medium Enterprises (MSMEs) and Its Causal Determinants Amid the Health Crisis","authors":"G-mar D. Mondragon, Leomarich F. Casinillo, Analita A. Salabao","doi":"10.52006/main.v6i3.751","DOIUrl":null,"url":null,"abstract":"Business resilience is the ability to quickly recover from difficulties and continue operating by applying innovative strategies. The article aims to document the resilience level of micro, small, and medium enterprises (MSMEs) in the Pacific towns of Southern Leyte, Philippines, and capture its causal determinants amid the health crisis using descriptive correlational research design. Using a research-made questionnaire, cross-sectional and primary data were collected from a random sample of MSMEs and were summarized using statistical measures. The significant determinants of the resilience of MSMEs were determined using the Chi-square test for independence via cross-tabulation of categorical data. Results depicted that, on average, MSMEs during the pandemic are \"resilient\", particularly in their situational awareness, keystone vulnerabilities, and adaptive capacity as they combat the disruption of the health crisis. The Chi-square test reveals that age, civil status, business job position of the MSMEs' personnel, and the estimated monthly income of the enterprise are the highly significant factors that affect the resilience of MSMEs during the health crisis. In particular, younger age, single status, and owner of the enterprise are more active and creative in digital business technology, which increases their resilience in response to challenges brought about by the pandemic. Moreover, enterprises with lower incomes do adopt innovative business strategies that improve economic resilience and profit. Furthermore, the study suggests that enterprises must consider strategic plans and goals to enhance their capability in risk management as they will face future crises.","PeriodicalId":52652,"journal":{"name":"Philippine Social Science Journal","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2024-02-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Philippine Social Science Journal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.52006/main.v6i3.751","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0

Abstract

Business resilience is the ability to quickly recover from difficulties and continue operating by applying innovative strategies. The article aims to document the resilience level of micro, small, and medium enterprises (MSMEs) in the Pacific towns of Southern Leyte, Philippines, and capture its causal determinants amid the health crisis using descriptive correlational research design. Using a research-made questionnaire, cross-sectional and primary data were collected from a random sample of MSMEs and were summarized using statistical measures. The significant determinants of the resilience of MSMEs were determined using the Chi-square test for independence via cross-tabulation of categorical data. Results depicted that, on average, MSMEs during the pandemic are "resilient", particularly in their situational awareness, keystone vulnerabilities, and adaptive capacity as they combat the disruption of the health crisis. The Chi-square test reveals that age, civil status, business job position of the MSMEs' personnel, and the estimated monthly income of the enterprise are the highly significant factors that affect the resilience of MSMEs during the health crisis. In particular, younger age, single status, and owner of the enterprise are more active and creative in digital business technology, which increases their resilience in response to challenges brought about by the pandemic. Moreover, enterprises with lower incomes do adopt innovative business strategies that improve economic resilience and profit. Furthermore, the study suggests that enterprises must consider strategic plans and goals to enhance their capability in risk management as they will face future crises.
查看原文
分享 分享
微信好友 朋友圈 QQ好友 复制链接
本刊更多论文
在健康危机中确定中小微型企业(MSMEs)的抗灾能力及其因果决定因素
企业复原力是指从困难中迅速恢复并通过应用创新战略继续经营的能力。本文旨在记录菲律宾南莱特省太平洋城镇微型、小型和中型企业(MSMEs)的复原力水平,并采用描述性相关研究设计,捕捉其在健康危机中的因果决定因素。研究人员使用自制的调查问卷,从随机抽样的微型和中小型企业中收集了横截面原始数据,并使用统计方法对这些数据进行了汇总。通过对分类数据进行交叉分析,使用卡方检验确定了中小微企业抗灾能力的重要决定因素。结果表明,平均而言,中小微企业在大流行病期间具有 "复原力",尤其是在其应对健康危机破坏的态势感知、关键脆弱性和适应能力方面。卡方检验结果显示,中小微企业人员的年龄、婚姻状况、业务工作岗位以及企业的预计月收入是影响中小微企业在卫生危机期间抗灾能力的高度显著因素。其中,年龄较小、单身和企业所有者在数字商业技术方面更积极、更有创造力,这增加了他们应对大流行病带来的挑战的应变能力。此外,收入较低的企业确实采取了创新的经营策略,从而提高了经济适应能力和利润。此外,研究还建议企业在面对未来危机时,必须考虑战略计划和目标,以提高风险管理能力。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 去求助
来源期刊
自引率
0.00%
发文量
25
审稿时长
12 weeks
期刊最新文献
Motivation, Competence, and Challenges of Grade 12 Students in Community Engagement, Solidarity, and Citizenship Culturally-Adapted Online Psychoeducation for Resilience in Distressed Filipino College Students: A Randomized Controlled Trial Graduates Without Jobs: Understanding the Situation of Unemployed Kachin Youth in Myanmar Examination of Outliers as Mediator Variables Between Resiliency and Academic Performance Analyzing Educational Challenges and Youth Well-Being During the COVID-19 Pandemic in Iloilo Province, the Philippines
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
0
微信
客服QQ
Book学术公众号 扫码关注我们
反馈
×
意见反馈
请填写您的意见或建议
请填写您的手机或邮箱
已复制链接
已复制链接
快去分享给好友吧!
我知道了
×
扫码分享
扫码分享
Book学术官方微信
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术
文献互助 智能选刊 最新文献 互助须知 联系我们:info@booksci.cn
Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。
Copyright © 2023 Book学术 All rights reserved.
ghs 京公网安备 11010802042870号 京ICP备2023020795号-1