Development Trends of Small and Medium-sized Enterprises Amid Pandemic-Induced Crisis

Stepan Zemtsov, Y. Tsareva
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引用次数: 7

Abstract

Against the backdrop of coronavirus pandemic-induced economic crises, small and medium business sector oriented towards off-line services provision has been worst-hit. In reality, demand for services provided by catering, entertainment, tourism, hospitality, beauty-business, and non-food retail has declined several-fold amid lockdown. This being said, the need to pay wages, taxes, social contributions, rental charges, bank credit interest, and contractors for supplies and other services has remained. All types of businesses who missed the chance to switchover to online services provision or stick to business model for rendering exclusively personal off-line services to date are exposed to bankruptcy risk. Cash gap is on the rise that can lead to bankruptcy of multiple small and medium-sized enterprises (SME) unable rapidly and without losing work performance to switchover to the online regime especially in large Russian cities. In this memorandum we present assessment of the crisis impact on income, employment, lending, and the number of SMEs.
疫情危机下中小企业的发展趋势
在新冠肺炎疫情引发经济危机的背景下,以线下服务为主的中小企业受到的冲击最为严重。实际上,在封锁期间,对餐饮、娱乐、旅游、酒店、美容业和非食品零售等服务的需求下降了几倍。话虽如此,但仍然需要支付工资、税收、社会缴款、租金、银行信贷利息以及供应品和其他服务的承包商。迄今为止,错过了向网上提供服务转型的机会,或坚持只提供个人线下服务的商业模式的各类企业,都面临着破产的风险。现金缺口越来越大,这可能导致许多中小企业(SME)破产,这些企业无法在不影响工作绩效的情况下迅速转向在线制度,尤其是在俄罗斯大城市。在这份备忘录中,我们评估了危机对收入、就业、贷款和中小企业数量的影响。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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