Surviving the COVID-19 pandemic: the antecedents of success among European SMEs


Chit, M., Croucher, R. and Rizov, M. 2023. Surviving the COVID-19 pandemic: the antecedents of success among European SMEs. European Management Review. 20 (1), pp. 113-127.
TitleSurviving the COVID-19 pandemic: the antecedents of success among European SMEs
AuthorsChit, M., Croucher, R. and Rizov, M.

We research the antecedents of relative success among SMEs in avoiding temporary or permanent closure during the COVID-19 pandemic. We investigate the roles of firm-specific resources and state support policies in influencing SME fortunes, in a sizeable group of European countries covered in the World Bank Enterprise Survey (WBES). Using resource dependency, Varieties of Capitalism and Systems theories, we find that innovative capacities, institutional connectedness, governance and management experience were major antecedents of success across all SMEs. Significant differences in outcomes were found between SMEs operating in old and new EU member states, and non-EU countries.
Keywords: Enterprise survival, innovativeness, COVID-19, World Bank Enterprise Survey, SMEs, government support

KeywordsCOVID-19 ; enterprise survival; government support; innovativeness; SMEs; World Bank Enterprise Survey
Sustainable Development Goals3 Good health and well-being
Research GroupEmployment Relations group
JournalEuropean Management Review
Publication dates
Online23 May 2022
PrintMar 2023
Publication process dates
Deposited10 Jun 2022
Submitted28 Jan 2021
Accepted09 May 2022
Output statusPublished
Publisher's version
File Access Level
Accepted author manuscript
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Copyright Statement

© 2022 The Authors. European Management Review published by John Wiley & Sons Ltd on behalf of European Academy of Management (EURAM).
This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited.

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