Entrepreneurial financial resilience and financial innovation in a turbulent era

Jonathan M. Scott, Javed Hussain, Samuel Salia, David Deakins

    Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review


    The coronavirus (COVID-19) crisis continues in 2022 – alongside the conflict between Ukraine and the Russian Federation (RF) and the associated impacts of economic sanctions upon global supply chains and fuel prices – to have profound implications for human lives, entrepreneurial ventures, and societies across the globe, giving rise to new economic, social and political challenges. The economic shock of the current turbulent era has severely
    affected developed or emerging economies, and all firms – especially small and medium-sized enterprises (SMEs). Notably, the pandemic is estimated to have cost SMEs up to £126.6 billion by March 2021 in the United Kingdom (UK) alone (Simply Business, March 2021). The pandemic has dramatically impacted the performance of SMEs by reducing the supply of private finance within the UK, United States (US), European Union (EU), and exposing the
    vulnerability of SMEs globally. And yet, many SMEs have also “bounced back” resiliently. While the response of private finance providers and the respective governments has differed, the impacts of these measures have been glaringly different.
    Original languageEnglish
    Title of host publicationEntrepreneurial Financial Resilience and Financial Innovation in a Turbulent Era
    PublisherEdward Elgar Publishing
    Number of pages20
    Publication statusPublished (VoR) - 2023


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