COVID-19 and its Impact on Small and Medium Enterprises: Evidence from Malaysia

Adam, N. A., & Alarifi, G. (2021). Innovation practices for survival of small and medium enterprises (SMEs) in the COVID-19 times: the role of external support. Journal of innovation and entrepreneurship, 10(1), 1-22.
Akanni, L. O., & Gabriel, S. C. (2020). The implication of Covid-19 pandemic on the Nigerian Economy. Available at cseaafrica. org/the-implication-ofcovid19-on-the-nigerian-economy/on July, 20, 2020.
Al-Fadly, A. (2020). Impact of COVID-19 on SMEs and employment. Entrepreneurship and Sustainability Issues, 8(2), 629.
Al-Hyari, K. (2020). Initial empirical evidence on how Jordanian manufacturing SMEs cope with the covid-19 pandemic. Academy of Strategic Management Journal, 19, 1-12.
Bank, W. (2020). East Asia and Pacific in the Time of COVID-19. World Bank East Asia and Pacific Economic update, 234.
Bretas, V. P. G., & Alon, I. (2020). The impact of COVID?19 on franchising in emerging markets: An example from Brazil. Global Business and Organizational Excellence, 39(6), 6-16.
Bartik, A. W., Bertrand, M., Cullen, Z., Glaeser, E. L., Luca, M., & Stanton, C. (2020). The impact of COVID-19 on small business outcomes and expectations. Proceedings of the National Academy of Sciences, 117(30), 17656-17666.
Humphries, J. E., Neilson, C., & Ulyssea, G. (2020). The evolving impacts of COVID-19 on small businesses since the CARES Act.
Baker, S. R., Bloom, N., Davis, S. J., Kost, K., Sammon, M., & Viratyosin, T. (2020). The unprecedented stock market reaction to COVID-19. The review of asset pricing studies, 10(4), 742-758.
Baldwin, R., & Weder di Mauro, B. (2020). Economics in the Time of COVID-19. CEPR press.
Bedford, J., Enria, D., Giesecke, J., Heymann, D. L., Ihekweazu, C., Kobinger, G., ... & Wieler, L. H. (2020). COVID-19: towards controlling of a pandemic. The lancet, 395(10229), 1015-1018.
Buffington, C., Dennis, C., Dinlersoz, E., Foster, L., & Klimek, S. (2020). Measuring the effect of covid-19 on us small businesses: The small business pulse survey (No. 20-16).
Carlos, W. G., Dela Cruz, C. S., Cao, B., Pasnick, S., & Jamil, S. (2020). Novel Wuhan (2019-nCoV) Coronavirus. Am J Respir Crit Care Med, P7-P8.
Omar, C. A. R., Ishak, S., & Jusoh, M. A. (2020). The impact of COVID-19 movement control order on SMEs’ businesses and survival strategies. Malaysian Journal of Society and Space, 16(2). https://doi.org/10.17576/geo-2020-1602-11
Del Rio-Chanona, R. M., Mealy, P., Pichler, A., Lafond, F., & Farmer, J. D. (2020). Supply and demand shocks in the COVID-19 pandemic: An industry and occupation perspective. Oxford Review of Economic Policy, 36(Supplement_1), S94-S137. https://doi.org/10.1093/oxrep/graa033
Djalante, R., Shaw, R., & DeWit, A. (2020). Building resilience against biological hazards and pandemics: COVID-19 and its implications for the Sendai Framework. Progress in Disaster Science, 6, 100080.
Gössling, S., Scott, D., & Hall, C. M. (2020). Pandemics, tourism and global change: A rapid assessment of COVID-19. Journal of Sustainable Tourism, 29(1), 1-20. https://doi.org/10.1080/09669582.2020.1758708
Gourinchas, P., Kalemli-Özcan, ?., Penciakova, V., & Sander, N. (2020). COVID-19 and SME failures. https://doi.org/10.3386/w27877
Gregurec, I., Tomi?i? Furjan, M., & Tomi?i?-Pupek, K. (2021). The impact of COVID-19 on sustainable business models in SMEs. Sustainability, 13(3), 1098.
International Monetary Fund IMF. (2020) Word Economic Outlook, April 2020: The great lockdown. https://www.imf.org/en/Publications/WEO/Issues/2020/04/14/weo-april-2020
International Monetary Fund. (2021) Policy Responses to Covid 19. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#M
Ibrahim, Z., Abdullah, F., & Ismail, A. (2016). International business competence and small and medium enterprises. Procedia - Social and Behavioral Sciences, 224, 393-400. https://doi.org/10.1016/j.sbspro.2016.05.402
Juergensen, J., Guimón, J., & Narula, R. (2020). European SMEs amidst the COVID-19 crisis: Assessing impact and policy responses. Journal of Industrial and Business Economics, 47(3), 499-510. https://doi.org/10.1007/s40812-020-00169-4
Kokudo, N., & Sugiyama, H. (2020). Call for international cooperation and collaboration to effectively tackle the COVID-19 pandemic. Global Health & Medicine, 2(2), 60-62. https://doi.org/10.35772/ghm.2020.01019
Kupferschmidt, K., & Cohen, J. (2020). Can China's COVID-19 strategy work elsewhere? Science, 367(6482), 1061-1062. https://doi.org/10.1126/science.367.6482.1061
Li, Q., Guan, X., Wu, P., Wang, X., Zhou, L., Tong, Y., ... & Feng, Z. (2020). Early transmission dynamics in Wuhan, China, of novel coronavirus–infected pneumonia. New England journal of medicine.
Lu, L., Peng, J., Wu, J., & Lu, Y. (2021). Perceived impact of the Covid-19 crisis on SMEs in different industry sectors: Evidence from Sichuan, China. International Journal of Disaster Risk Reduction, 55, 102085. https://doi.org/10.1016/j.ijdrr.2021.102085
Lutfi, M., Buntuang, P. C. D., Kornelius, Y., & Hasanuddin, B. (2020). The impact of social distancing policy on small and medium-sized enterprises (SMEs) in Indonesia. Problems and Perspectives in Management, 18(3), 492.
https://doi.org/10.21511/ppm.18(3).2020.40
McKibbin, W., & Fernando, R. (2020). The economic impact of COVID-19. Economics in the Time of COVID-19, 45(10.1162).
M Schnetzer, D., Tamesberger, S. T.(2020), Mitigating mass layoffs in the COVID-19 crisis: Austrian short-time work as international role model, VoxEU. org, 2020.
McKinsey (2020) COVID-19: briefing materials.
https://www.mckinsey.com/~/media/mckinsey/business%2520functions/risk/our%2520insights/covid%252019%2520implications%2520for%2520business/covid%252019%2520march%252025/covid-19-facts-and-insights-march-25-v3.ashx
Nurunnabi, M. (2020). Recovery planning and resilience of SMEs during the COVID-19: experience from Saudi Arabia. Journal of Accounting & Organizational Change.
Ozili, P. K., & Arun, T. (2020). Spillover of COVID-19: Impact on the global economy. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3562570
Ratnasingam, J., Khoo, A., Jegathesan, N., Chee Wei, L., Ab Latib, H., Thanasegaran, G., Liat, C. L., Yan, Yi, L., Othman, K., & Amir, M. A. (2020). How are small and medium enterprises in Malaysia’s furniture industry coping with COVID-19 pandemic? Early evidences from a survey and recommendations for policymakers. BioResources, 15(3), 5951-5964. https://doi.org/10.15376/biores.15.3.5951-5964
Ratten, V. (2020). Coronavirus and international business: An entrepreneurial ecosystem perspective. Thunderbird International Business Review, 62(5), 629-634.
Riou, J., & Althaus, C. L. (2020). Pattern of early human-to-human transmission of Wuhan 2019 novel coronavirus (2019-nCoV), December 2019 to January 2020. Eurosurveillance, 25(4), 2000058.
Estrada, R. M. A., Park, D., & Lee, M. (2020). The evaluation of the final impact of Wuhan COVID-19 on trade, tourism, transport, and electricity consumption of China. Tourism, Transport, and Electricity Consumption of China (March 9, 2020).
Sansa, N. A. (2020). The Impact of the COVID-19 on the Financial Markets: Evidence from China and USA. Electronic Research Journal of Social Sciences and Humanities, 2.
Sarkis, J., Cohen, M. J., Dewick, P., & Schröder, P. (2020). A brave new world: Lessons from the COVID-19 pandemic for transitioning to sustainable supply and production. Resources, Conservation, and Recycling, 159, 104894.
Shafi, M., Liu, J., & Ren, W. (2020). Impact of COVID-19 pandemic on micro, small, and medium-sized enterprises operating in Pakistan. Research in Globalization, 2, 100018. https://doi.org/10.1016/j.resglo.2020.100018
Siddiqui, S. (2020). COVID-19 lockdown to leave people jobless, businesses closed in Pakistan. The Express Tribune.
Smith, J. A., & Judd, J. (2020). COVID?19: vulnerability and the power of privilege in a pandemic. Health Promotion Journal of Australia, 31(2), 158.
Sneader, K., & Singhal, S. (2020). Beyond coronavirus: The path to the next normal. McKinsey & Company, 5.
Sneader, K., & Singhal, S. (2020). The future is not what it used to be: Thoughts on the shape of the next normal. McKinsey & Company, 4.
Sohail, S. (2018). Pakistan employment trends 2018. http://refhub.elsevier.com/S2590-051X(20)30007-1/rf0270
Tahir, H. M., Razak, N. A., Rentah, F. (2018) The Contributions Of Small and Medium Enterprises (SME’s) On Malaysian Economic Growth: A Sectoral Analysis. In: Lokman A., Yamanaka T., Lévy P., Chen K., Koyama S. (eds) Proceedings of the 7th International Conference on Kansei Engineering and Emotion Research 2018. KEER 2018. Advances in Intelligent Systems and Computing, vol 739. Springer, Singapore. https://doi.org/10.1007/978-981-10-8612-0_73
Tashiro, A., & Shaw, R. (2020). COVID-19 pandemic response in Japan: What is behind the initial flattening of the curve?. Sustainability, 12(13), 5250.
Ting, R. (2020). First coronavirus cases in Malaysia: 3 Chinese nationals confirmed infected, quarantined in Sungai Buloh hospital. Borneo Post Online. https://www.theborneopost.com/2020/01/25/first-coronavirus-cases-in-malaysia-3-chinese-nationals-confirmed-infected-quarantined-in-sungai-buloh-hospital/
Wang, C., Horby, P. W., Hayden, F. G., & Gao, G. F. (2020). A novel coronavirus outbreak of global health concern. The lancet, 395(10223), 470-473.
WHO. Report of the WHO-China Joint Mission on Coronavirus Disease 2019 (COVID-19). (2020). https://www.who.int/docs/ default-source/coronaviruse/who-china-joint-mission-on-covid-19- final-report.pdf (accessed March 7, 2020)
Winarsih, Indriastuti, M., Fuad, K. (2021) Impact of Covid-19 on Digital Transformation and Sustainability in Small and Medium Enterprises (SMEs): A Conceptual Framework. In: Barolli L., Poniszewska-Maranda A., Enokido T. (eds) Complex, Intelligent and Software Intensive Systems. CISIS 2020. Advances in Intelligent Systems and Computing, vol 1194. Springer, Cham. https://doi.org/10.1007/978-3-030-50454-0_48
Zu, Z. Y., Jiang, M. D., Xu, P. P., Chen, W., Ni, Q. Q., Lu, G. M., & Zhang, L. J. (2020). Coronavirus disease 2019 (COVID-19): a perspective from China. Radiology, 296(2), E15-E25.

In-Text Citation: (Hasin et al., 2021)
To Cite this Article: Hasin, H., Jamil, A., Johari, Y. C., & Kasim, E. S. (2021). COVID-19 and its Impact on Small and Medium Enterprises: Evidence from Malaysia. International Journal of Academic Research in Accounting Finance and Management Sciences, 11(11), 719–739.

Copyright: © 2021 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode