Template-Type: ReDIF-Article 1.0 Author-Name: Ratan J.S. Dheer Author-X-Name-First: Ratan J.S. Author-X-Name-Last: Dheer Author-Name: Aidin Salamzadeh Author-X-Name-First: Aidin Author-X-Name-Last: Salamzadeh Title: Pandemic threats: how SMEs can respond to the challenges from global crises Abstract: The COVID-19 pandemic has levied an unprecedented impact on small and medium enterprises (SMEs), many of which laid-off employees, lost customers, experienced supply chain disruptions, witnessed financial uncertainties, and saw closures. Despite such sufferings, our knowledge of how these firms can decrease their vulnerability and respond to externally induced crises is incomplete. This manuscript contributes to filling this gap. Based on crisis management literature and studies on the impact of the COVID-19 pandemic on SMEs, we distil key measures that can enable these firms to mitigate the adverse effects of crises while also leveraging the opportunities these offer. We discuss the boundary conditions and advantages of these measures. Our objective is not to offer a complicated and extensive framework that SMEs may find difficult to adopt but to illustrate key themes that could provide them with a roadmap to manage the adverse effects of external shocks. Implications for scholars and policymakers are outlined. Journal: Int. J. of Globalisation and Small Business Pages: 1-17 Issue: 1 Volume: 13 Year: 2022 Keywords: pandemic; COVID-19; small and medium enterprises; SMEs; small business; crisis management strategy; crisis. File-URL: http://www.inderscience.com/link.php?id=123346 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijgsbu:v:13:y:2022:i:1:p:1-17 Template-Type: ReDIF-Article 1.0 Author-Name: T.R. Anandan Author-X-Name-First: T.R. Author-X-Name-Last: Anandan Author-Name: Kriti Priya Gupta Author-X-Name-First: Kriti Priya Author-X-Name-Last: Gupta Title: 'Value statement' of BSE listed SMEs: a content analysis Abstract: We often see large organisations place a 'value statement' to express their principles, ethical codes, and beliefs to various stakeholders. Strategic scholars often advise formulating such statements for building trust and confidence. Do small business organisations also prepare value statements? Do they make it available publically? What set of values do they commonly include? What is their focus? How many core values do we generally see in such a statement? The study is about searching for answers to those unaddressed questions previously in the given context. In this study, we looked at the value statements of 39 BSE listed SMEs. We dissected the value statements using the content analysis technique and descriptive results. We also discussed their theoretical and managerial implications and future directions. Journal: Int. J. of Globalisation and Small Business Pages: 18-45 Issue: 1 Volume: 13 Year: 2022 Keywords: value statement; small and medium enterprises; SMEs; components; value classes; value dimensions; Bombay Stock Exchange; BSE. File-URL: http://www.inderscience.com/link.php?id=123348 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijgsbu:v:13:y:2022:i:1:p:18-45 Template-Type: ReDIF-Article 1.0 Author-Name: Leandro Pereira Author-X-Name-First: Leandro Author-X-Name-Last: Pereira Author-Name: Francisco Bessa Author-X-Name-First: Francisco Author-X-Name-Last: Bessa Author-Name: Álvaro Dias Author-X-Name-First: Álvaro Author-X-Name-Last: Dias Author-Name: Rui Gonçalves Author-X-Name-First: Rui Author-X-Name-Last: Gonçalves Author-Name: Renato Lopes Da Costa Author-X-Name-First: Renato Lopes Da Author-X-Name-Last: Costa Title: SMEs barriers and enablers to challenge foreign countries Abstract: Due to globalisation, countries, businesses, and people from different nations have become more interconnected than ever before in recent years. Following this trend, there is a growing indication for the rising engagement of SMEs in international marketplaces. When beginning the internationalisation process, larger firms can deal more effectively with barriers than SMEs. This study focused on the external barriers, drivers, support, incentives, and protection from public domestic organisations and institutions dedicated to SME internationalisation. After 20 interviews conducted with professionals with high positions in various organisations in the internationalisation ecosystem, the results suggest that public support for SMEs is essential for the companies to survive and succeed in the foreign markets. Journal: Int. J. of Globalisation and Small Business Pages: 46-78 Issue: 1 Volume: 13 Year: 2022 Keywords: internationalisation; small and medium enterprise; SME; strategy; institutional support; entrepreneurship. File-URL: http://www.inderscience.com/link.php?id=123349 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijgsbu:v:13:y:2022:i:1:p:46-78 Template-Type: ReDIF-Article 1.0 Author-Name: Guido Migliaccio Author-X-Name-First: Guido Author-X-Name-Last: Migliaccio Author-Name: Chiara Colantuoni D'Alelio Author-X-Name-First: Chiara Colantuoni Author-X-Name-Last: D'Alelio Title: The profitability of Italian jewellery between the two international economic crises Abstract: The current article analyses the profitability of the small Italian jewellery industry in the period between the two international crises of 2008 and 2019. Using balance sheet data from the AIDA database, the trends of the three profitability indices (ROE, ROI and ROS), for the entire nation and its three macro-regions. The results were processed with various statistical methodologies, including ANOVA and Tukey-Kramer tests. Economic performance has always been positive, even if the fluctuations reflect economic situations. The industries are mainly located in the areas of Northern and Central Italy; the location influences profitability, which is higher in the Centre and North than in the South. Journal: Int. J. of Globalisation and Small Business Pages: 79-107 Issue: 1 Volume: 13 Year: 2022 Keywords: crisis; economic performance; ratio. File-URL: http://www.inderscience.com/link.php?id=123351 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijgsbu:v:13:y:2022:i:1:p:79-107 Template-Type: ReDIF-Article 1.0 Author-Name: Indro Bawono Author-X-Name-First: Indro Author-X-Name-Last: Bawono Author-Name: Erna Maulina Author-X-Name-First: Erna Author-X-Name-Last: Maulina Author-Name: Muhamad Rizal Author-X-Name-First: Muhamad Author-X-Name-Last: Rizal Author-Name: Margo Purnomo Author-X-Name-First: Margo Author-X-Name-Last: Purnomo Title: SMEs in the construction sector: cases of the Indonesia European Union comprehensive economic partnership agreement Abstract: The Indonesian government and the European Union have signed a free trade agreement under the Indonesia-European Union comprehensive economic partnership agreement (IEU-CEPA). This agreement includes, among others, trade in goods and services, investment, and government procurement. The IEU-CEPA provides access for SMEs, especially in the construction sector, to market their products. This article discusses the readiness of SMEs in the construction sector to access government procurement using knowledge, motivation, opportunity, and risk as variables. Based on the partial least square-structural equation modelling, the study shows that most construction SMEs are not ready to access government procurement with partner countries. Risk is the most critical factor that has the most significant influence on SMEs readiness to compete at the international level. Journal: Int. J. of Globalisation and Small Business Pages: 108-125 Issue: 1 Volume: 13 Year: 2022 Keywords: construction; procurement; public procurement; free trade agreement; Indonesia-European Union Comprehensive Economic Partnership Agreement; IEU-CEPA. File-URL: http://www.inderscience.com/link.php?id=123353 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijgsbu:v:13:y:2022:i:1:p:108-125 Template-Type: ReDIF-Article 1.0 Author-Name: Chiara Cantù Author-X-Name-First: Chiara Author-X-Name-Last: Cantù Author-Name: Elisa Martina Martinelli Author-X-Name-First: Elisa Martina Author-X-Name-Last: Martinelli Author-Name: Annalisa Tunisini Author-X-Name-First: Annalisa Author-X-Name-Last: Tunisini Title: Marketing channel transformation in Italian SMEs Abstract: In 2020, the global health emergency situation accelerated companies' digital transformation process. Digital channels became a fundamental aspect for managing relationships with their customers and stakeholders, so rethinking of structures and channel management requires more in-depth knowledge. This research analyses and explores the impact of digital channels in strategies of SMEs. The study is conducted on Italian medium-sized enterprises, also known as 'micro-multinationals' or 'pocket multinationals', considering the key industries that are part of the Made in Italy brand. The research investigates how marketing channels are transforming in Italian SMEs through impact of digital channels in terms of benefits and limits that influence direct and indirect marketing channels as well as how new technologies will impact the transformation of marketing channels in Italian SMEs. The grounded Delphi method is applied, combining aspects of the grounded theory with the Delphi method to explore current needs and future ones in perspective. Journal: Int. J. of Globalisation and Small Business Pages: 147-163 Issue: 2 Volume: 13 Year: 2022 Keywords: marketing channel; transformation; digital; SMEs; Made in Italy; GDM. File-URL: http://www.inderscience.com/link.php?id=127219 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijgsbu:v:13:y:2022:i:2:p:147-163 Template-Type: ReDIF-Article 1.0 Author-Name: Iman Samir Youssef Author-X-Name-First: Iman Samir Author-X-Name-Last: Youssef Author-Name: Adel F. Al Alam Author-X-Name-First: Adel F. Al Author-X-Name-Last: Alam Author-Name: Charbel Salloum Author-X-Name-First: Charbel Author-X-Name-Last: Salloum Title: Determinants of firm liquidity in Central and Eastern Europe SMEs Abstract: This study examines firm-level determinants of liquidity as reflected by the cash conversion cycle for SMEs in Central and Eastern Europe. This study focuses on non-financial SME firms in Central and Eastern Europe. GDP growth was the only macroeconomic variable used in this study and the only variable with insignificant influence on liquidity in regression conducted for the seven countries studied, using the GMM estimation method. The sensitivity of liquidity to explanatory variables (profitability, leverage, tangibility, growth, age, size, and GDP growth) was examined on data composed of 160 publicly-listed SMEs with 1,600 the total number of observations for the period 2011-2019. Profitability, leverage, and size have a positive significant influence on liquidity. The positive significant influence of profitability reflects how SMEs with low levels of liquidity depend on profitability to meet cash requirements for investing in liquidity. Journal: Int. J. of Globalisation and Small Business Pages: 127-146 Issue: 2 Volume: 13 Year: 2022 Keywords: system GMM; liquidity; SME; Central and Eastern Europe. File-URL: http://www.inderscience.com/link.php?id=127220 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijgsbu:v:13:y:2022:i:2:p:127-146 Template-Type: ReDIF-Article 1.0 Author-Name: Ebes Esho Author-X-Name-First: Ebes Author-X-Name-Last: Esho Author-Name: Grietjie Verhoef Author-X-Name-First: Grietjie Author-X-Name-Last: Verhoef Title: SME funding-gap and financing: a comprehensive literature review Abstract: Small and medium enterprises (SMEs) generally face more financing constraints than large businesses. However, the voluminous literature on SME financing has remained largely fragmented. This makes it difficult to harmonise findings that could potentially help SMEs in their search for more financing. This paper presents a review of extant research on SME finance and the financing constraints they face, with a focus on developing countries. The review reveals that although there are various sources of finance available to SMEs, some are more readily accessible than others because certain sources are still rudimentary in many developing countries. Certain demographics of SME owners and managers, such as age, education level, and gender, affect the ease with which SMEs can access finance. However, a lack of theory on SME funding still limits extant understanding of SME financing as most extant studies were conducted without providing any theoretical foundation. The paper concludes by providing a framework and some suggestions for a research agenda that could aid in this regard. Journal: Int. J. of Globalisation and Small Business Pages: 164-191 Issue: 2 Volume: 13 Year: 2022 Keywords: funding-gap; SMEs; financing; literature review; small business. File-URL: http://www.inderscience.com/link.php?id=127226 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijgsbu:v:13:y:2022:i:2:p:164-191 Template-Type: ReDIF-Article 1.0 Author-Name: Zahoor Ahmad Paray Author-X-Name-First: Zahoor Ahmad Author-X-Name-Last: Paray Author-Name: Lalit Sharma Author-X-Name-First: Lalit Author-X-Name-Last: Sharma Title: Impact of behavioural attributes and enterprise-related capital on micro-enterprise growth Abstract: In the majority of emerging and developing countries, micro-enterprises generate employment, revenue, and contribute considerably to GDP. However, research shows that micro-enterprises do not grow since their primary emphasis is survival rather than expansion. This is primarily due to a lack of funds, market, consumer base, and entrepreneurial spirit. This low growth phenomenon is not well documented in the literature, and no significant research has been undertaken. The study examines a sample of 280 micro-entrepreneurs from three different regions of India. Using a multi-linear regression approach, the results indicate that the existing literature's growth determinants have little impact on enterprise growth. This research can be expanded by considering different industries and business types. A more growth-oriented research, according to the study, is needed to identify major factors influencing micro-enterprise growth in India, in particular, and in the developing world in general. Journal: Int. J. of Globalisation and Small Business Pages: 192-210 Issue: 2 Volume: 13 Year: 2022 Keywords: micro-enterprise growth; growth determinants; India; behavioural factors; external factors; regression. File-URL: http://www.inderscience.com/link.php?id=127227 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijgsbu:v:13:y:2022:i:2:p:192-210 Template-Type: ReDIF-Article 1.0 Author-Name: Katrin Leifels Author-X-Name-First: Katrin Author-X-Name-Last: Leifels Author-Name: Michelle Turner Author-X-Name-First: Michelle Author-X-Name-Last: Turner Title: Cultural intelligence - an essential competency in the globalised world Abstract: The ability to interact effectively in cross-cultural settings has become a vital competency for members of international teams. This study explores the role of cultural intelligence (CQ) and its relationship to the functioning of culturally diverse teams. Thirty-four incidents perceived as stressful arising from working in a culturally diverse work team were explored using inductive thematic analysis and content analysis. Emergent themes were then categorised into the four dimensions of CQ (cognitive, behavioural, motivational and metacognitive) using a deductive approach. Communication and working style emerged as the key factors impacting on team interactions, and these were mostly aligned with the behavioural or cognitive dimensions of CQ. Lack of CQ can impact on collaboration and cohesion within culturally diverse teams, and the findings provide practical insights which can be utilised to prepare the workforce to develop this important competency. Journal: Int. J. of Globalisation and Small Business Pages: 211-227 Issue: 2 Volume: 13 Year: 2022 Keywords: cultural diversity; cultural intelligence; cognitive; behaviour; collaboration; team functioning. File-URL: http://www.inderscience.com/link.php?id=127228 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijgsbu:v:13:y:2022:i:2:p:211-227