Volume 29, Issue 3
DOI: 10.24205/03276716.2020.761
COVID-19 and Financial Performance of SMEs: Examining the Nexus of Entrepreneurial Self-Efficacy, Entrepreneurial Resilience and Innovative Work Behavior
Abstract
The current COVID-19 pandemic has affected businesses across the globe affecting nearly every business sector and industry. Notably, the SMEs have been badly hit due to limited resources and expertise. How entrepreneurs running SMEs can manage their financials, the current study attempted to examine the nexus between entrepreneurial efficacy, entrepreneurial resilience, innovative work behavior towards financial performance amongst SMEs` in Kazakhstan during the critical period of COVID-19. Through structural equation modelling on SMEs operating in the food services in Almaty Kazakhstan, the study found a significant relationship between entrepreneurial selfefficacy, entrepreneurial resilience, and SMEs` financial performance. Accordingly, the study also reported significant moderation of innovative work behavior on entrepreneurial efficacy and financial performance relationship. The study forwards implications for theory and practice.
Keywords
Covcid-19, financial performance, SME, entrepreneurial efficacy, resilience, innovative work behavior