Small and medium enterprises amidst the pandemic and reopening: Digital edge and transformation
Using administrative universal firm registration data as well as primary offline and online surveys of small business owners in China, we examine (i) whether the digitization of business operations helps small and medium enterprises (SMEs) better cope with the pandemic shock, and (ii) if the pandemi...
| Autores principales: | , , |
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| Formato: | Artículo preliminar |
| Lenguaje: | Inglés |
| Publicado: |
Center for Global Development
2021
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/143117 |
| _version_ | 1855514479808217088 |
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| author | Cong, Lin William Yang, Xiaohan Zhang, Xiaobo |
| author_browse | Cong, Lin William Yang, Xiaohan Zhang, Xiaobo |
| author_facet | Cong, Lin William Yang, Xiaohan Zhang, Xiaobo |
| author_sort | Cong, Lin William |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Using administrative universal firm registration data as well as primary offline and online surveys of small business owners in China, we examine (i) whether the digitization of business operations helps small and medium enterprises (SMEs) better cope with the pandemic shock, and (ii) if the pandemic has induced digital technology adoption. We identify significant economic benefits of digitization in increasing SMEs’ resilience against such a large shock, as seen through mitigated demand decline, sustainable cash flow, ability to quickly reopen, and positive outlook for growth. After the lockdown in January 2020, firm entries have exhibited a V-shaped pattern, with entries of e-commerce firms experiencing a less pronounced initial drop and a quicker rebound. The COVID-19 pandemic has also accelerated digital technology adoption of existing firms in various dimensions (captured by, e.g., the alteration of operation scope to include e-commerce activities, allowing remote work, and adoption of electronic information system), and the effect persists after one year of full reopening. |
| format | Artículo preliminar |
| id | CGSpace143117 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | Center for Global Development |
| publisherStr | Center for Global Development |
| record_format | dspace |
| spelling | CGSpace1431172025-12-08T10:06:44Z Small and medium enterprises amidst the pandemic and reopening: Digital edge and transformation Cong, Lin William Yang, Xiaohan Zhang, Xiaobo covid-19 small and medium enterprises pandemics electronic commerce digital technology Using administrative universal firm registration data as well as primary offline and online surveys of small business owners in China, we examine (i) whether the digitization of business operations helps small and medium enterprises (SMEs) better cope with the pandemic shock, and (ii) if the pandemic has induced digital technology adoption. We identify significant economic benefits of digitization in increasing SMEs’ resilience against such a large shock, as seen through mitigated demand decline, sustainable cash flow, ability to quickly reopen, and positive outlook for growth. After the lockdown in January 2020, firm entries have exhibited a V-shaped pattern, with entries of e-commerce firms experiencing a less pronounced initial drop and a quicker rebound. The COVID-19 pandemic has also accelerated digital technology adoption of existing firms in various dimensions (captured by, e.g., the alteration of operation scope to include e-commerce activities, allowing remote work, and adoption of electronic information system), and the effect persists after one year of full reopening. 2021-12-23 2024-05-22T12:12:04Z 2024-05-22T12:12:04Z Working Paper https://hdl.handle.net/10568/143117 en https://doi.org/10.1080/17538963.2021.1995246 https://doi.org/10.1016/j.jebo.2021.01.017 https://doi.org/10.1016/j.chieco.2021.101607 Open Access Center for Global Development Cong, Lin William; Yang, Xiaohan; and Zhang, Xiaobo. 2021. Small and medium enterprises amidst the pandemic and reopening: Digital edge and transformation. CGD Working Paper 599. Washington, DC: Center for Global Development. https://www.cgdev.org/publication/small-and-medium-enterprises-amidst-pandemic-and-reopening-digital-edge-and |
| spellingShingle | covid-19 small and medium enterprises pandemics electronic commerce digital technology Cong, Lin William Yang, Xiaohan Zhang, Xiaobo Small and medium enterprises amidst the pandemic and reopening: Digital edge and transformation |
| title | Small and medium enterprises amidst the pandemic and reopening: Digital edge and transformation |
| title_full | Small and medium enterprises amidst the pandemic and reopening: Digital edge and transformation |
| title_fullStr | Small and medium enterprises amidst the pandemic and reopening: Digital edge and transformation |
| title_full_unstemmed | Small and medium enterprises amidst the pandemic and reopening: Digital edge and transformation |
| title_short | Small and medium enterprises amidst the pandemic and reopening: Digital edge and transformation |
| title_sort | small and medium enterprises amidst the pandemic and reopening digital edge and transformation |
| topic | covid-19 small and medium enterprises pandemics electronic commerce digital technology |
| url | https://hdl.handle.net/10568/143117 |
| work_keys_str_mv | AT conglinwilliam smallandmediumenterprisesamidstthepandemicandreopeningdigitaledgeandtransformation AT yangxiaohan smallandmediumenterprisesamidstthepandemicandreopeningdigitaledgeandtransformation AT zhangxiaobo smallandmediumenterprisesamidstthepandemicandreopeningdigitaledgeandtransformation |