COVID-19 Interruptions and SMEs Heterogeneity: Evidence from Poland
Abstract
:1. Introduction
2. Literature Review and Hypothesis Development
2.1. Size
2.2. Age
2.3. Legal Form of the Business’ Operation
2.4. Family Ownership
3. Research Design and Method
3.1. Survey Design
3.2. Sample Composition: Businesses Characteristics
3.3. Method
4. Results
4.1. The COVID-19 Interruptions and Business Characteristics
4.2. Consolidated COVID-19 Effect
5. Discussion
6. Conclusions
6.1. Practical Implications
6.2. Further Works
Author Contributions
Funding
Institutional Review Board Statement
Informed Consent Statement
Data Availability Statement
Acknowledgments
Conflicts of Interest
Appendix A
SIZE | |||||||||||
Micro | Small | Medium | in Total | ||||||||
N | % | N | % | N | % | N | % | ||||
AGE_1 | infant | 62 | 72.1% | 21 | 24.4% | 3 | 3.5% | 86 | 100% | ||
X2: 129.390 *** | young | 59 | 43.1% | 61 | 44.5% | 17 | 12.4% | 137 | 100% | ||
Cont.: 0.440 *** | itermediate | 47 | 25.1% | 78 | 41.7% | 62 | 33.2% | 187 | 100% | ||
mature | 14 | 10.9% | 48 | 37.5% | 66 | 51.6% | 128 | 100% | |||
In total | 182 | 33.8% | 208 | 38.7% | 148 | 27.5% | 538 | 100% | |||
OWN_1 | SP | 134 | 68.7% | 52 | 26.7% | 9 | 4.6% | 195 | 100% | ||
X2: 193.328 *** | LCC | 20 | 7.5% | 118 | 44.4% | 128 | 48.1% | 266 | 100% | ||
Cont.: 0.514 *** | CP | 28 | 36.4% | 38 | 49.4% | 11 | 14.3% | 77 | 100% | ||
In total | 182 | 33.8% | 208 | 38.7% | 148 | 27.5% | 538 | 100% | |||
FAM | family | 88 | 52.7% | 56 | 33.5% | 23 | 13.8% | 167 | 100% | ||
X2: 43.738 *** | non-family | 94 | 25.3% | 152 | 41.0% | 125 | 33.7% | 371 | 100% | ||
Cont.: 0.247 *** | In total | 182 | 33.8% | 208 | 38.7% | 148 | 27.5% | 538 | 100% | ||
AGE_1 | |||||||||||
Infant | Young | Intermediate | Mature | in Total | |||||||
N | % | N | % | N | % | N | % | N | % | ||
OWN_1 | SP | 59 | 30.3% | 66 | 33.8% | 55 | 28.2% | 15 | 7.7% | 195 | 100% |
X2: 76.817 *** | LCC | 15 | 5.6% | 51 | 19.2% | 106 | 39.8% | 94 | 35.3% | 266 | 100% |
Cont.: 0.353 *** | CP | 12 | 15.6% | 20 | 26.0% | 26 | 33.8% | 19 | 24.7% | 77 | 100% |
In total | 86 | 16.0% | 137 | 25.5% | 187 | 34.8% | 128 | 23.8% | 538 | 100% | |
FAM | family | 29 | 17.4% | 42 | 25.1% | 66 | 39.5% | 30 | 18.0% | 167 | 100% |
X2: 5.335 | non-family | 57 | 15.4% | 95 | 25.6% | 121 | 32.6% | 98 | 26.4% | 371 | 100% |
Cont.: 0.099 | In total | 86 | 16.0% | 137 | 25.5% | 187 | 34.8% | 128 | 23.8% | 538 | 100% |
OWN_1 | |||||||||||
SP | LCC | CP | in Total | ||||||||
N | % | N | % | N | % | N | % | ||||
FAM | family | 91 | 54.5% | 41 | 24.6% | 35 | 21.0% | 167 | 100% | ||
X2: 60.026 *** | non-family | 104 | 28.0% | 225 | 60.6% | 42 | 11.3% | 371 | 100% | ||
Cont.: 0.317 *** | In total | 195 | 36.2% | 266 | 49.4% | 77 | 14.3% | 538 | 100% |
Appendix B
Variables | Kołmogorov–Smirnov | Shapiro–Wilk | ||||
---|---|---|---|---|---|---|
Statistic | df | Sig. | Statistic | df | Sig. | |
WORK | 0.192 | 538 | 0.000 | 0.917 | 538 | 0.000 |
COSTS | 0.194 | 538 | 0.000 | 0.905 | 538 | 0.000 |
PROD_CONT | 0.152 | 538 | 0.000 | 0.920 | 538 | 0.000 |
SALES_CONT | 0.177 | 538 | 0.000 | 0.905 | 538 | 0.000 |
SUPPLY CHAIN | 0.189 | 538 | 0.000 | 0.920 | 538 | 0.000 |
LIQUIDITY | 0.167 | 538 | 0.000 | 0.925 | 538 | 0.000 |
BANK LOANS | 0.168 | 538 | 0.000 | 0.936 | 538 | 0.000 |
SURVIVAL | 0.193 | 538 | 0.000 | 0.929 | 538 | 0.000 |
Variables | WORK | COSTS | PROD _CONT | SALES _CONT | SUPPLY CHAIN | LIQ | BANK LOANS | SURV |
---|---|---|---|---|---|---|---|---|
SIZE | 0.188 | 0.000 *** | 0.411 | 0.001 ** | 0.644 | 0.000 *** | 0.002 ** | 0.000 *** |
small-medium | 1.000 | 1.000 | 0.058 | 0.156 | 0.162 | |||
small-micro | 0.000 *** | 0.004 ** | 0.000 *** | 0.001 ** | 0.000 ** | |||
medium-micro | 0.006 ** | 0.009 ** | 0.000 *** | 0.211 | 0.001 ** | |||
AGE_1 | 0.970 | 0.021 * | 0.823 | 0.017 * | 0.012 * | 0.000 *** | 0.000 *** | 0.000 *** |
mat-young | 0.237 | 0.032 * | 0.108 | 0.017 * | 0.000 *** | 0.000 *** | ||
mat-interm | 0.082 | 1.000 | 0.024 * | 0.189 | 0.000 *** | 0.071 | ||
mat-inf | 0.027* | 0.132 | 0.034 * | 0.000 *** | 0.000 *** | 0.000 *** | ||
young-interm | 1.000 | 0.269 | 1.000 | 1.000 | 1.000 | 0.059 | ||
young-inf | 1.000 | 1.000 | 1.000 | 0.611 | 1.000 | 1.000 | ||
interm-inf | 1.000 | 0.722 | 1.000 | 0.048 * | 1.000 | 0.009 ** | ||
AGE_2 | 0.924 | 0.013 * | 0.925 | 0.006 ** | 0.005 ** | 0.000 *** | 0.000 *** | 0.000 *** |
mat-interm | 0.041 * | 0.924 | 0.012 * | 0.095 | 0.000 *** | 0.036 | ||
mat-young | 0.016 * | 0.008 ** | 0.009 ** | 0.000 *** | 0.000 *** | 0.000 *** | ||
interm-young | 1.000 | 0.087 ** | 1.000 | 0.109 | 1.000 | 0.002 ** | ||
OWN_1 | 0.283 | 0.000 *** | 0.252 | 0.001 ** | 0.385 | 0.000 *** | 0.000 *** | 0.000 *** |
OWN_2 | 0.326 | 0.000 *** | 0.266 | 0.002 ** | 0.077 | 0.000 *** | 0.000 *** | 0.000 *** |
LLC-CP | 1.000 | 0.735 | 0.623 | 0.544 | 1.000 | |||
LLC-SP | 0.000 *** | 0.001 ** | 0.000 *** | 0.000 *** | 0.000 *** | |||
CP-SP | 0.008 ** | 0.511 | 0.003 ** | 0.020 * | 0.000 *** | |||
FAM | 0.004 ** | 0.858 | 0.001 ** | 0.83 | 0.196 | 0.378 | 0.308 | 0.366 |
st.err | t | Sig. | ||
---|---|---|---|---|
Intercept | 43.271 *** | 2.024 | 21.377 | 0.000 |
SIZE | −1.074 | 0.662 | −1.622 | 0.105 |
AGE_1 | −0.960 * | 0.483 | −1.988 | 0.047 |
OWN_2 | −1.865 ** | 0.676 | −2.758 | 0.006 |
FAM | 1.395 | 0.957 | 1.457 | 0.146 |
R-squared = 0.053 Adj. R-squared = 0.046 F = 7.403 *** |
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Variable | Question |
---|---|
Did the COVID-19 pandemic result in difficulties in the following aspects of firm’s performance? | |
WORKERS | limited accessibility of workers |
COSTS | additional costs of the implementation of required safety measures |
PROD_CONT | inability to continue production |
SALES_CONT | inability to continue sales |
SUPPLY CHAIN | delayed delivery of production components/materials, etc., or produced goods to the customers |
LIQUIDITY | worsening of financial liquidity |
BANK LOANS | limited accessibility of bank loans |
SURVIVAL | The overall impact of COVID-19 threatened the survival of our company |
Variable | N | % | |
---|---|---|---|
SIZE (by the number of employees) | |||
micro | up to 9 persons | 182 | 33.8 |
small | 10–49 persons | 208 | 38.7 |
medium | 50–249 persons | 148 | 27.5 |
AGE_1 (by the years of operation, four categories of firms’ age) | |||
infant | (up to 5 years) | 86 | 16.0 |
young | (6–10 years) | 137 | 25.5 |
intermediate | (11–20 years) | 187 | 34.8 |
mature | (21 years or more) | 128 | 23.8 |
AGE_2 (by the years of operation, three categories of firms’ age) | |||
young | up to 10 years | 223 | 41.5 |
intermediate | (11–20 years) | 187 | 34.8 |
mature | (21 years or more) | 128 | 23.8 |
OWN_1 (by the owners’ responsibility, dichotomous) | |||
LLC | limited, perform as limited liability companies | 266 | 49.4 |
non-LLC | other than LLC, with unlimited owners’ responsibility | 272 | 50.6 |
OWN_2 (owners’ responsibility, three categories) | |||
LLC | limited, perform as limited liability companies | 266 | 49.4 |
SP | unlimited, perform as sole proprietorship | 195 | 36.2 |
CP | unlimited, perform as civil law partnerships | 77 | 14.3 |
FAM (family business, as declared by the surveyed firms) | |||
family | 167 | 31.0 | |
non-family | 371 | 69.0 | |
In total | 538 | 100 |
WORK | COSTS | PROD_CONT | SALES_CONT | SUPPLY CHAIN | LIQUIDITY | BANK LOANS | SURVIVAL | |
---|---|---|---|---|---|---|---|---|
SIZE | 0.188 | 0.000 *** | 0.411 | 0.001 ** | 0.644 | 0.000 *** | 0.002 ** | 0.000 *** |
AGE_1 | 0.970 | 0.021 * | 0.823 | 0.017 * | 0.012 * | 0.000 *** | 0.000 *** | 0.000 *** |
AGE_2 | 0.924 | 0.013 * | 0.925 | 0.006 ** | 0.005 ** | 0.000 *** | 0.000 *** | 0.000 *** |
OWN_1 | 0.283 | 0.000 *** | 0.252 | 0.001 ** | 0.385 | 0.000 *** | 0.000 *** | 0.000 *** |
OWN_2 | 0.326 | 0.000 *** | 0.266 | 0.002 ** | 0.077 | 0.000 *** | 0.000 *** | 0.000 *** |
FAM | 0.004 ** | 0.858 | 0.001 ** | 0.830 | 0.196 | 0.378 | 0.308 | 0.366 |
COVID-19 Interruption | Whole Sample N = 538 | HIGH N = 196 | MODERATE N = 209 | LOW N = 133 | ||||
---|---|---|---|---|---|---|---|---|
Mean | SD | Mean | SD | Mean | SD | Mean | SD | |
WORK | 4.30 | 1.76 | 5.31 | 1.47 | 4.25 | 1.49 | 2.90 | 1.55 |
COSTS | 4.72 | 1.67 | 5.95 | 1.05 | 4.61 | 1.39 | 3.07 | 1.31 |
PROD_CONT | 3.88 | 1.90 | 5.51 | 1.34 | 3.44 | 1.61 | 2.17 | 0.87 |
SALES_CONT | 4.63 | 1.82 | 6.16 | 0.82 | 4.56 | 1.43 | 2.47 | 1.01 |
SUPPLY CHAIN | 4.41 | 1.70 | 5.81 | 1.14 | 4.07 | 1.38 | 2.87 | 1.15 |
LIQUIDITY | 4.32 | 1.73 | 5.74 | 1.17 | 4.18 | 1.32 | 2.44 | 0.88 |
BANK LOANS | 3.70 | 1.39 | 4.48 | 1.31 | 3.70 | 1.16 | 2.56 | 1.02 |
SURVIVAL | 4.07 | 1.63 | 5.31 | 1.29 | 3.86 | 1.30 | 2.56 | 1.04 |
SIZE | AGE_1 | AGE_2 | OWN_1 | OWN_2 | FAM | |
---|---|---|---|---|---|---|
p-values of K-W test | 0.071 | 0.007 ** | 0.005 ** | 0.045 * | 0.004 ** | 0.316 |
p-values of post-hoc tests (pair-wise comparisons) | ||||||
HIGH-MOD | 0.603 | 1.000 | 0.832 | 0.060 | ||
HIGH-LOW | 0.005 ** | 0.005 ** | 0.038 * | 0.004 ** | ||
MOD-LOW | 0.121 | 0.032 * | 0.362 | 0.760 | ||
mean-ranks of K-W test | ||||||
HIGH | 253.22 | 249.02 | 252.60 | 254.53 | 244.26 | 280.26 |
MODERATE | 271.24 | 268.01 | 263.16 | 269.07 | 276.99 | 262.90 |
LOW | 290.76 | 302.02 | 304.37 | 292.24 | 294.92 | 264.01 |
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Wieczorek-Kosmala, M.; Błach, J.; Doś, A. COVID-19 Interruptions and SMEs Heterogeneity: Evidence from Poland. Risks 2021, 9, 161. https://doi.org/10.3390/risks9090161
Wieczorek-Kosmala M, Błach J, Doś A. COVID-19 Interruptions and SMEs Heterogeneity: Evidence from Poland. Risks. 2021; 9(9):161. https://doi.org/10.3390/risks9090161
Chicago/Turabian StyleWieczorek-Kosmala, Monika, Joanna Błach, and Anna Doś. 2021. "COVID-19 Interruptions and SMEs Heterogeneity: Evidence from Poland" Risks 9, no. 9: 161. https://doi.org/10.3390/risks9090161