Calm after the storm? The role of social and environmental practices on small and medium enterprises resilience throughout COVID-19 crisis
Metadatos
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Wiley
Materia
COVID-19 Corporate Social Responsibility (CSR) Heckman model Organizational resilience Pandemic SMEs Social and environmental practices
Date
2023-03-01Referencia bibliográfica
Ferrón-Vílchez, V., & Leyva-de la Hiz, D. I. (2023). Calm after the storm? The role of social and environmental practices on small and medium enterprises resilience throughout COVID-19 crisis. Business Ethics, the Environment & Responsibility, 00, 1–17. [https://doi. org/10.1111/beer.12528]
Patrocinador
European Regional Development Fund, Grant/Award Number: CV20-20664; Junta de Andalucía, Grant/Award Number: A-SEJ- 192- UGR20; Funding for open access charge: Universidad de Granada / CBUA.Résumé
This study aims to analyze whether resilient SMEs have been able to overcome the
bump of the COVID-19
crisis in terms of profitability. When facing such unforeseen
crises, SMEs require resilience, and one of the factors that positively affect resilience
generation is the adoption of social and environmental practices (SEPs). Using survey
data on the managerial perceptions of 259 SMEs, this study reveals the positive
association between resilience and improvements in business performance, and
how the adoption of SEPs is an essential prerequisite for developing a higher level
of resilience. We corroborate these associations for SMEs at two moments of the
pandemic: November 2020 and October 2021. Our findings show that more resilient
SMEs exhibit better results in terms of business performance, and the prior adoption
of SEPs is positively associated with the development of resilience in the crisis context
of COVID-19.