Steadfast in crisis: Can Islamic finance enhance Cameroonian SMEs’ resilience strategies against the COVID-19 pandemic and the Russia/Ukraine war?

IF 6.3 2区经济学 Q1 BUSINESS, FINANCE

Borsa Istanbul Review Pub Date : 2025-03-10 DOI:10.1016/j.bir.2025.03.002

Ali Haruna , Wissal Sahel , Muhamadu Awal Kindzeka Wirajing , Poutong Rais Herman

引用次数: 0

Abstract

This study examines the effects of Islamic finance on the resilience of Cameroonian SMEs during the COVID-19 pandemic and the Russia-Ukraine war. Analyzing data from 1358 SMEs using a multivariate probit model, we find that Islamic finance significantly boosts strategies like online marketing, new raw material sourcing, and product development. Mediation analysis shows these effects are direct and mediated through increased R&D expenditure. The results highlight Islamic finance's role in enhancing SME resilience and urge policymakers to improve the accessibility and adoption of Islamic finance products. This can be achieved by integrating Islamic finance education into SME support programs and supporting the development of Islamic finance operations to foster entrepreneurship and economic resilience.

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在危机中坚定不移：伊斯兰金融能否增强喀麦隆中小企业应对2019冠状病毒病大流行和俄罗斯/乌克兰战争的韧性战略？

本研究考察了伊斯兰金融在2019冠状病毒病大流行和俄乌战争期间对喀麦隆中小企业抵御能力的影响。我们利用多元probit模型分析了1358家中小企业的数据，发现伊斯兰金融显著促进了在线营销、新原材料采购和产品开发等战略。中介分析表明，这些影响是直接的，并且通过增加研发支出起到中介作用。研究结果强调了伊斯兰金融在增强中小企业抵御能力方面的作用，并敦促政策制定者改善伊斯兰金融产品的可及性和采用程度。这可以通过将伊斯兰金融教育纳入中小企业支持计划和支持伊斯兰金融业务的发展来实现，以促进创业精神和经济弹性。

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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来源期刊

Borsa Istanbul Review Multiple-

CiteScore

7.60

自引率

3.80%

发文量

130

审稿时长

26 days

期刊介绍： Peer Review under the responsibility of Borsa İstanbul Anonim Sirketi. Borsa İstanbul Review provides a scholarly platform for empirical financial studies including but not limited to financial markets and institutions, financial economics, investor behavior, financial centers and market structures, corporate finance, recent economic and financial trends. Micro and macro data applications and comparative studies are welcome. Country coverage includes advanced, emerging and developing economies. In particular, we would like to publish empirical papers with significant policy implications and encourage submissions in the following areas: Research Topics: • Investments and Portfolio Management • Behavioral Finance • Financial Markets and Institutions • Market Microstructure • Islamic Finance • Financial Risk Management • Valuation • Capital Markets Governance • Financial Regulations