The impact of Covid-19 pandemic on MSMEs
DOI:
https://doi.org/10.24914/jeb.v24i1.3905Keywords:
Impact of Covid-19, sales turnover, MSMEs, Pekalongan Ex-ResidencyAbstract
The Covid-19 pandemic that began to spread at the beginning of 2020 has greatly affected the economy, including firms’ financial conditions. In this respect, micro, small, and medium enterprises (MSMEs) likely experience greater negative effects of the Covid-19 pandemic than large firms due to their limited resources. Hence, this study aims to analyze the impact of Covid-19 on MSMEs’ performance in former Pekalongan Residency, as measured by the sales turnover, labor, and business cash flow resilience. The analysis is based on the survey results of 100 MSMEs in the Pekalongan former regency. The findings suggest that MSMEs have suffered a sales turnover decrease of 1.2573 percent. Further, the mapping analysis using the Cartesian diagram demonstrates that the retail and food and beverage provision sectors exhibit the greatest labor decrease and average business cash flow resilience of 1.5 – 2 months. Meanwhile, based on firm size, micro firms have average cash resilience of 1.5 – 2 months.
Downloads
References
Alfrian, G. R., & Pitaloka, E. (2020). Strategi Usaha Mikro, Kecil, dan Menengah (UMKM) bertahan pada kondisi pandemik covid 19 di Indonesia. Seminar Nasional Terapan Riset Inovatif (SENTRINOV) Ke-6, 6(2), 139–146.
Amri, A. (2020). Dampak covid-19 terhadap UMKM di Indonesia. Jurnal Brand, 2(1), 147–153.
Bouey, J. (2020). Assessment of covid-19’s impact on small and medium-sized enterprises: Implications from China. In Testimony presented before the House Small Business Committee on March 10, 2020 (pp. 1–13). https://doi.org/10.7249/ct524
Carrillo-Larco, R. M., & Castillo-Cara, M. (2020). Using country-level variables to classify countries according to the number of confirmed covid-19 cases: An unsupervised machine learning approach. Wellcome Open Research, 5(June), 56. https://doi.org/10.12688/wellcomeopenres.15819.3
Cowling, M., Liu, W., Ledger, A., & Zhang, N. (2015). What really happens to small and medium-sized enterprises in a global economic recession? UK evidence on sales and job dynamics. International Small Business Journal: Researching Entrepreneurship, 33(5), 488–513. https://doi.org/10.1177/0266242613512513
Dong, Y., Mo, X., Hu, Y., Qi, X., Jiang, F., Jiang, Z., & Tong, S. (2020). Epidemiology of covid-19 among children in China. Pediatrics, 145(6), 1–12. https://doi.org/10.1542/peds.2020-0702
Ghosh, S. (2020). Examining the covid-19 relief package for MSMEs. Economic and Political Weekly, 55(22), 20–22.
Hadad, M. D., Blasyus, D., Herawanto, Indradjaja, Mukhlas, M., & Kusumastuti, Y. (2004). Kajian peta permasalahan usaha mikro kecil dan menengah.
Hadiwardoyo, W. (2020). Kerugian ekonomi nasional akibat pandemi covid-19. Baskara Journal of Business and Enterpreneurship, 2(2), 83–92. https://doi.org/10.24853/baskara.2.2.83-92
Iswahyudi, H. (2016). Back to oil: Indonesia economic growth after Asian financial crisis. Economic Journal of Emerging Markets, 8(1), 25–44. https://doi.org/10.20885/ejem.vol8.iss1.art3
Jindrichovska, I. (2014). Financial management in SMEs. European Research Studies Journal, 16(4), 79–95. https://doi.org/10.35808/ersj/405
Kirigia, J. M., & Muthuri, R. N. D. K. (2020). The fiscal value of human lives lost from coronavirus disease (COVID-19) in China. BMC Research Notes, 13(1), 1–5. https://doi.org/10.1186/s13104-020-05044-y
Liu, W., Yue, X. G., & Tchounwou, P. B. (2020). Response to the covid-19 epidemic: The chinese experience and implications for other countries. International Journal of Environmental Research and Public Health, 17(7), 1–6. https://doi.org/10.3390/IJERPH17072304
Lu, Y., Wu, J., Peng, J., & Lu, L. (2020). The perceived impact of the covid-19 epidemic: Evidence from a sample of 4807 SMEs in Sichuan Province, China. Environmental Hazards, 19(4), 323–340. https://doi.org/10.1080/17477891.2020.1763902
Milzam, M., Mahardika, A., & Amalia, R. (2020). Corona virus pandemic impact on sales revenue of micro small and medium enterprises (MSMEs) in Pekalongan City. Journal of Vocational Studies on Applied Research, 2(1), 7–10.
Nasution, D. A. D., Erlina, E., & Muda, I. (2020). Dampak pandemi covid-19 terhadap perekonomian Indonesia. Jurnal Benefita, 5(2), 212. https://doi.org/10.22216/jbe.v5i2.5313
Pakpahan, A. K. (2020). Covid-19 dan implikasi bagi usaha mikro, kecil dan menengah. Jurnal Ilmiah Hubungan Internasional, 20(April), 1–6.
Parth, K. (2020). The economic cost of COVID-19: A potential pandemic impact on Indian economy. International Journal of Advanced Science and Technology, 29(6 Special Issue), 2182–2192.
Putra, A. (2016). Peran UMKM dalam pembangunan dan kesejahteraan masyarakat Kabupaten Blora. Jurnal Analisa Sosiologi, 5(2), 40–52.
Resmi, S., Pahlevi, R. W., & Sayekti, F. (2020). The growth of creative micro, small and medium enterprises business in Special Region of Yogyakarta before and after covid-19 pandemic. International Journal of Entrepreneurship, 24(4), 1–8.
Sahoo, P., & Ashwani. (2020). Covid-19 and Indian economy: Impact on growth, manufacturing, trade and MSME sector. Global Business Review, 21(5), 1159–1183. https://doi.org/10.1177/0972150920945687
Saidi, L. O., Adam, P., Rostin, R., Saenong, Z., Balaka, M. Y., Gamsir, G., Asmuddin, A., & Salwiah, S. (2017). The effect of stock prices and exchange rates on economic growth in Indonesia. International Journal of Economics and Financial Issues, 7(3), 527–533.
Shafi, M., Liu, J., & Ren, W. (2020). Impact of covid-19 pandemic on micro, small, and medium-sized enterprises operating in Pakistan. Research in Globalization, 2(December), 1–14. https://doi.org/10.1016/j.resglo.2020.100018
Shakeel, S., Ahmed Hassali, M. A., & Abbas Naqvi, A. (2020). Health and economic impact of covid-19: Mapping the consequences of a pandemic in Malaysia. Malaysian Journal of Medical Sciences, 27(2), 159–164. https://doi.org/10.21315/mjms2020.27.2.16
Sihaloho, E. D. (2020). Dampak covid-19 terhadap perekonomian Indonesia. In GMKI Online Discussion - Telkom University.
Sitharam, S., & Hoque, M. (2016). Factors affecting the performance of small and medium enterprises in KwaZulu-Natal, South Africa. Problems and Perspectives in Management, 14(2), 277–288. https://doi.org/10.21511/ppm.14(2-2).2016.03
Soetjipto, N. (2020). Ketahanan UMKM Jawa Timur melintasi pandemi covid-19 (1th ed.). K-Media.
Sugarda, P. P., & Wicaksono, M. R. (2017). Strengthening Indonesia’s economic resilience through regulatory reforms in banking, investment and competition law. International Journal of Economic Perspectives, 11(3), 1093–1103.
Suhermi, S., Djaali, N. A., Ama, P. G. B., & Ramun, V. (2019). Metode diagram kartesius untuk melihat tingkat kepuasan pelayanan makanan di rumah sakit. Jurnal Ilmiah Kesehatan, 11(September), 161–168.
Tairas, D. R. (2020). Covid-19 pandemic and MSMEs : Impact and mitigation. Jurnal Ekonomi Indonesia, 9(1), 67–80.
Tanaya, D. R., & Ekyawan, F. (2020). Empowerment strategy on micro, small, and medium enterprises (MSMEs) during covid-19 pandemic in Indonesia: A case study of BRI microfinance center. E3S Web of Conferences, 202. https://doi.org/10.1051/e3sconf/202020203022
Thaha, A. F. (2020). Dampak covid-19 terhadap UMKM di Indonesia. Jurnal Brand, 2(1), 147–153.
Yamali, F. R., & Putri, R. N. (2020). Dampak pandemi covid-19 terhadap ekonomi Indonesia. Ekonomis: Journal of Economics and Business, 4(2), 384–388. https://doi.org/10.33087/ekonomis.v4i2.179
Yang, J., Zheng, Y., Gou, X., Pu, K., Chen, Z., Guo, Q., Ji, R., Wang, H., Wang, Y., & Zhou, Y. (2020). Prevalence of comorbidities and its effects in coronavirus disease 2019 patients: A systematic review and meta-analysis. International Journal of Infectious Diseases, 94(May), 91–95. https://doi.org/10.1016/j.ijid.2020.03.017
Yang, L., & Ren, Y. (2020). Moral obligation, public leadership, and collective action for epidemic prevention and control: Evidence from the corona virus disease 2019 (covid-19) emergency. International Journal of Environmental Research and Public Health, 17(8), 2731–2747. https://doi.org/10.3390/ijerph17082731
Downloads
Published
How to Cite
Issue
Section
License
Jurnal Ekonomi dan Bisnis is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License
