Title: The resilience of micro, small and medium enterprises in Indonesia: COVID-19 perspective

Authors: Fitri Ismiyanti; Putu Anom Mahadwartha; Zunairoh Zunairoh; Bobby Ardiansyahmiraja

Addresses: Faculty of Economics and Business, Airlangga University, Airlangga, Surabaya, East Java, Indonesia ' Faculty of Business and Economics, University of Surabaya, Kali Rungkut, Surabaya, East Java, Indonesia ' Faculty of Business and Economics, University of Surabaya, Kali Rungkut, Surabaya, East Java, Indonesia ' Faculty of Business and Economics, University of Surabaya, Kali Rungkut, Surabaya, East Java, Indonesia

Abstract: This study aims to investigate the effect of risk-taking on innovativeness, also the impact of entrepreneurial orientation, innovativeness, and adaptive strategy on the resilience of micro, small and medium enterprises (MSME). This study was conducted on MSME actors throughout Indonesia and the analysis used was structural equation modelling (SEM). The results show that risk-taking positively affects innovativeness, while entrepreneurial orientations, innovativeness, and adaptive strategy have a significant positive effect on resilience. This research implies that MSME actors who can survive the COVID-19 pandemic must consider taking risks, continuously innovate, have an entrepreneurial spirit, and are always adaptive to change. The innovations that MSME continues to make, increases the company's competitiveness under any circumstances, including during the COVID-19 pandemic. MSMEs that have high innovation will have high resilience under any circumstances.

Keywords: micro, small and medium enterprises; MSMEs; risk-taking; entrepreneurial orientation; innovativeness; adaptive strategy; resilience; COVID-19; Indonesia.

DOI: 10.1504/IJESB.2025.143828

International Journal of Entrepreneurship and Small Business, 2025 Vol.54 No.2, pp.274 - 288

Received: 11 May 2022
Received in revised form: 30 Oct 2022
Accepted: 16 Dec 2022
Published online: 09 Jan 2025 *

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