Impact of Covid-19 Crisis and Resilience of Small and Medium Enterprises. Evidence from Romania

This study aims to analyze how SMEs handle the disruptions caused by the Covid-19 crisis. We used a questionnaire-based survey and analysed the results based on descriptive and inferential quantitative methods. Following the processing and interpretation of the data collected, we note, the importance of the government measures in order to support SMEs to ensure the economy's functioning as close as possible to the normal state. Limited access to liquidity, lack of strong state support, poorly prepared and motivated human resources, low digitalization are the weaknesses of SMEs are the main obstacles to resilience in this crisis.

Automated summary

This study analyzes how SMEs handle the disruptions caused by the Covid-19 crisis and emphasizes the importance of government support measures for economic recovery. Limited access to liquidity, lack of state support, poorly prepared human resources, and low digitalization are identified as the main obstacles for SMEs in this crisis.