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Please use this identifier to cite or link to this item: https://doi.org/10.21256/zhaw-26547
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dc.contributor.authorKaya, Orcun-
dc.date.accessioned2023-01-11T09:47:52Z-
dc.date.available2023-01-11T09:47:52Z-
dc.date.issued2022-
dc.identifier.issn0264-9993de_CH
dc.identifier.issn1873-6122de_CH
dc.identifier.urihttps://digitalcollection.zhaw.ch/handle/11475/26547-
dc.description.abstractThe COVID-19 pandemic posed an existential threat to European SMEs' financial resilience with significant consequences for the European economy. Using unique firm-level data on SME financing conditions, this paper proposes a new insolvency risk measure based on survey responses. We show that SME insolvency risk increased, on average, by approximately 21% during the pandemic. Problems with finding customers and the cost of production and labor contributed notably to SME insolvency risk during this period, and SMEs also saw deterioration in their access to finance. Innovation worked as a mitigating factor during the pandemic, and innovative SMEs were more resilient, maintained their client base, and saw favorable access to bank lending. Our results point out that SME innovation can prevent the number of insolvencies from rising significantly in the long term.de_CH
dc.language.isoende_CH
dc.publisherElsevierde_CH
dc.relation.ispartofEconomic Modellingde_CH
dc.rightshttp://creativecommons.org/licenses/by/4.0/de_CH
dc.subjectAccess to financede_CH
dc.subjectInnovationde_CH
dc.subjectInsolvency riskde_CH
dc.subjectPandemicde_CH
dc.subjectSMEde_CH
dc.subject.ddc332: Finanzwirtschaftde_CH
dc.subject.ddc658.1: Organisation und Finanzende_CH
dc.titleDeterminants and consequences of SME insolvency risk during the pandemicde_CH
dc.typeBeitrag in wissenschaftlicher Zeitschriftde_CH
dcterms.typeTextde_CH
zhaw.departementSchool of Management and Lawde_CH
zhaw.organisationalunitInstitut für Financial Management (IFI)de_CH
dc.identifier.doi10.1016/j.econmod.2022.105958de_CH
dc.identifier.doi10.21256/zhaw-26547-
dc.identifier.pmid35873755de_CH
zhaw.funding.euNode_CH
zhaw.issue105958de_CH
zhaw.originated.zhawYesde_CH
zhaw.publication.statuspublishedVersionde_CH
zhaw.volume115de_CH
zhaw.publication.reviewPeer review (Publikation)de_CH
zhaw.author.additionalNode_CH
zhaw.display.portraitYesde_CH
Appears in collections:Publikationen School of Management and Law

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Kaya, O. (2022). Determinants and consequences of SME insolvency risk during the pandemic. Economic Modelling, 115(105958). https://doi.org/10.1016/j.econmod.2022.105958
Kaya, O. (2022) ‘Determinants and consequences of SME insolvency risk during the pandemic’, Economic Modelling, 115(105958). Available at: https://doi.org/10.1016/j.econmod.2022.105958.
O. Kaya, “Determinants and consequences of SME insolvency risk during the pandemic,” Economic Modelling, vol. 115, no. 105958, 2022, doi: 10.1016/j.econmod.2022.105958.
KAYA, Orcun, 2022. Determinants and consequences of SME insolvency risk during the pandemic. Economic Modelling. 2022. Bd. 115, Nr. 105958. DOI 10.1016/j.econmod.2022.105958
Kaya, Orcun. 2022. “Determinants and Consequences of SME Insolvency Risk during the Pandemic.” Economic Modelling 115 (105958). https://doi.org/10.1016/j.econmod.2022.105958.
Kaya, Orcun. “Determinants and Consequences of SME Insolvency Risk during the Pandemic.” Economic Modelling, vol. 115, no. 105958, 2022, https://doi.org/10.1016/j.econmod.2022.105958.


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