The Empirical Study on the Impact of the COVID-19 on Small and Medium Enterprises (SMEs) in Bangladesh
Abstract
The large COVID-19 disease outbreak had a devastating impact on the entire world, with Bangladesh being one of the worst-affected nations. The epidemic worsened the situation of small and medium-sized companies (SMEs) in Bangladesh. The goal of this study is to examine the possibilities and difficulties faced by SMEs in Bangladesh's Rangpur district during the COVID-19 epidemic and the transition to the new normal. The research methodology combines an exploratory technique with a quantitative methodology. The study is designed on both primary and secondary data. Researchers collected data from 290 respondents from Rangpur District. The first finding of the study is that the most significant proportion of business is small enterprise which is 83.4 percentage. Lack of opportunities and business scope, there are less numbers of medium enterprise in the Rangpur district that is around 17%. Second one, opportunity of COVID-19, around 71% businesses have been improved financial condition by working capital in pandemic situation which is one the opportunity for SMEs. Moreover, commerce increase which is 40% of the respondents. Technological adaptation and E-commerce are the positive sides for improving socio-economic development for Rangpur district. challenge’soint of challenges view, COVID-19 on SMEs is the largest competition between business which is approximately 72% and total responses is 209 out of 290.
Downloads
References
M. R. I. Bhuiyan, “UNDP-a2i: Citizens’ Awareness Survey on E-Service and Service Simplification through the Digital Innovation Fair,” SSRN Electronic Journal, 2017, doi: 10.2139/ssrn.4341799.
R. C. Runyan, “Small Business in the Face of Crisis: Identifying Barriers to Recovery from a Natural Disaster1,” Journal of Contingencies and Crisis Management, vol. 14, no. 1, pp. 12–26, Mar. 2006, doi: 10.1111/j.1468-5973.2006.00477.x
M. N. U. Milon and H. Zafarullah, “Uncovering the depths of trade-based money laundering: evidence from a seaport in Bangladesh,” Journal of Money Laundering Control, vol. 27, no. 3, pp. 604–618, Mar. 2023, doi: 10.1108/jmlc-03-2023-0063/full/xml.
Most. S. Akter, A.- Amin, M. R. I. Bhuiyan, T. A. Poli, and R. Hossain, “Web-based Banking Services on E-Customer Satisfaction in Private Banking Sectors: A Cross-Sectional Study in Developing Economy,” Migration Letters, vol. 20, no. S3, pp. 894–911, Aug. 2023, doi: 10.59670/ml.v20is3.3976.
M. Habiba, “The Impact of COVID-19 on Micro, Small and Medium-Sized Tourism Enterprises: A Study on Chittagong Hill Tracts, Bangladesh,” Canadian Journal of Business and Information Studies, vol. 4, no. 3, pp. 47–55, 2022, doi: 10.34104/cjbis.022.047055.
M. Bhuiyan, M. Islam, S. M. Alam, and N. Sumon, “Identifying Passengers Satisfaction in Transportation Quality: An Empirical Study in Bangladesh,” PMIS Review, vol. 2, no. 1, pp. 27–46, 2023.
Md. Qamruzzaman, “COVID-19 Impact on SMEs in Bangladesh: An Investigation of What They Are Experiencing and How They Are Managing?,” SSRN Electronic Journal, Jul. 2020, doi: 10.2139/ssrn.3654126.
Martin. Weller, Delivering learning on the Net: the why, what & how of online education. Kogan Page, 2002. Accessed: Apr. 02, 2024.
C. Molla, L. Mani, M. Rakibul, I. Bhuiyan, and R. Hossain, “Examining the Potential Usages, Features, and Challenges of Using ChatGPT Technology: A PRISMA-Based Systematic Review,” Migration Letters, vol. 20, no. S9, pp. 927–945, Nov. 2023, doi: 10.59670/ml.v20is9.4918.
M. R. Meah and R. Hossain, “Ownership Structure and Auditor Choice in Emerging Economy: An Empirical Study,” Indonesian Journal of Business, Technology and Sustainability, vol. 1, no. 1, pp. 12–22, 2024.
K. Pelletier et al., “2022 EDUCAUSE Horizon Report Teaching and Learning Edition,” 2022. Accessed: Apr. 02, 2024. [Online]. Available: https://www.educause.edu/horizon-report-teaching-and-learning-2022
M. R. I. Bhuiyan, “An Analysis of Non-Performing Loan of Janata Bank from the Perspective of Bangladesh,” SSRN Electronic Journal, Feb. 2019, doi: 10.2139/SSRN.4341827.
M. R. I. Bhuiyan and Most. S. Akter, “Assessing the Potential Usages of Blockchain to Transform Smart Bangladesh: A PRISMA Based Systematic Review,” Journal of Information Systems and Informatics, vol. 6, no. 1, pp. 245–269, Mar. 2024, doi: 10.51519/journalisi.v6i1.659.
M. Alamgir, “The Landscape of SME Financing and Sustainability of SMEs in Bangladesh,” in UUM IRepository, 2014, pp. 85–107.
M. N. U. Milon, K. Yousuf, and T. A. Poli, “(13) (PDF) Supremacy of Value-Added Tax: A Perspective from South Asian Nations*,” The Journal of Asian Finance, Economics and Business (JAFEB). Vol. 4, 2024.
S. Kraus, T. Clauss, M. Breier, J. Gast, A. Zardini, and V. Tiberius, “The economics of COVID-19: initial empirical evidence on how family firms in five European countries cope with the corona crisis,” International Journal of Entrepreneurial Behaviour and Research, vol. 26, no. 5, pp. 1067–1092, Aug. 2020, doi: 10.1108/ijebr-04-2020-0214/full/xml.
S. M. A. Alam, M. R. I. Bhuiyan, Tabassum Somaya, and M. T. Islam, “Factors Affecting Users’ Intention to Use Social Networking Sites: A Mediating Role of Social Networking Satisfaction,” Canadian Journal of Business and Information Studies, pp. 112–124, Oct. 2022, doi: 10.34104/cjbis.022.01120124.
T. Nyanga and H. Zirima, “Reactions of Small To Medium Enterprises In Masvingo, Zimbabwe To Covid 19: Implications On Productivity,” Business Excellence and Management, vol. 10, pp. 22–32, 2020, 2024.
M. Kukanja, T. Planinc, and M. Sikošek, “Crisis Management Practices in Tourism SMEs during COVID-19 - An Integrated Model Based on SMEs and Managers’ Characteristics,” Tourism, vol. 70, no. 1, pp. 113–126, 2021, doi: 10.37741/t.70.1.8.
U. Hossain, B. Sheikh, M. Rahman, and A. Al Asheq, “The Role of Entrepreneurial Orientation to SME Performance in Bangladesh,” International Journal of Entrepreneurship, vol. 23, no. 1, pp. 1939–4675, 2019.
M. S. Akter, M. R. I. Bhuiyan, S. Tabassum, S. M. Ashraful Alam, M. N. U. Milon, and M. R. Hoque, “Factors Affecting Continuance Intention to Use E-wallet among University Students in Bangladesh,” International Journal of Engineering Trends and Technology, vol. 71, no. 6, pp. 274–288, 2023, doi: 10.14445/22315381/ijett-v71i6p228.
A. S. M. M. Hoque and Z. Awang, “The Impact of Marketing Strategy on Small and Medium Scale Enterprises (SMEs): Case Study in Bangladesh,” In Proceedings of the International Postgraduate Research Conference (IPRC 2016), Universiti Sultan Zainal Abidin (UniSZA), 2016.
K. Khanom, Md. T. Islam, A. A.-T. Hasan, S. M. Sumon, and M. R. I. Bhuiyan, “Worker Satisfaction in Health, Hygiene and Safety Measures Undertaken by the Readymade Garments Industry of Bangladesh: A Case Study on Gazipur,” Journal of Business Studies, vol. 03, no. 01, pp. 93–105, 2022, doi: 10.58753/jbspust.3.1.2022.6.
K. Tan, A. B. Siddik, F. A. Sobhani, M. Hamayun, and M. Masukujjaman, “Do Environmental Strategy and Awareness Improve Firms’ Environmental and Financial Performance? The Role of Competitive Advantage,” Sustainability 2022, Vol. 14, Page 10600, vol. 14, no. 17, p. 10600, Aug. 2022, doi: 10.3390/su141710600.
Md. A. Islam and M. R. I. Bhuiyan, “Digital Transformation and Society,” SSRN Electronic Journal, Oct. 2022, doi: 10.2139/ssrn.4604376.
M. R. I. Bhuiyan, “The Challenges and Opportunities of Post-COVID Situation for Small and Medium Enterprises (SMEs) in Bangladesh,” PMIS Review, Jan. 2023.
M. R. I. Bhuiyan, M. S. Akter, and S. Islam, “How does digital payment transform society as a cashless society? An empirical study in the developing economy,” Journal of Science and Technology Policy Management, vol. ahead-of-print, no. ahead-of-print, 2024, doi: 10.1108/jstpm-10-2023-0170/full/xml.
Md. Alauddin, Md. Alauddin, and M. M. Chowdhury, “Small and Medium Enterprise in Bangladesh-Prospects and Challenges,” Global Journal of Management and Business Research, vol. 15, no. C7, pp. 1–9, 2015.
C. Yuksel, J. M. Kaldor, D. L. James, and S. Marschner, “Stitch Meshes for Modeling Knitted Clothing with Yarn-level Detail,” To appear in ACM TOG, vol. 31, no. 3, pp. 1–12, 2012.
V. Rakesh, “Regulating Cross-Border Data Flow Between EU and India Using Digital Trade Agreement: An Explorative Analysis,” Privacy Symposium 2022, pp. 105–128, 2022, doi: 10.1007/978-3-031-09901-4_7.
S. Tabassum, S. M. A. Alam, Most. S. Akter, and S. Ahmad, “Factors Influencing Employee Satisfaction in Workplace,” International Journal of Engineering Applied Sciences and Technologies, vol. 7, no. 12, pp. 61–67, 2023.
Abstract views: 1135 times
Download PDF: 562 times
Copyright (c) 2024 Journal of Information Systems and Informatics
This work is licensed under a Creative Commons Attribution 4.0 International License.
- I certify that I have read, understand and agreed to the Journal of Information Systems and Informatics (Journal-ISI) submission guidelines, policies and submission declaration. Submission already using the provided template.
- I certify that all authors have approved the publication of this and there is no conflict of interest.
- I confirm that the manuscript is the authors' original work and the manuscript has not received prior publication and is not under consideration for publication elsewhere and has not been previously published.
- I confirm that all authors listed on the title page have contributed significantly to the work, have read the manuscript, attest to the validity and legitimacy of the data and its interpretation, and agree to its submission.
- I confirm that the paper now submitted is not copied or plagiarized version of some other published work.
- I declare that I shall not submit the paper for publication in any other Journal or Magazine till the decision is made by journal editors.
- If the paper is finally accepted by the journal for publication, I confirm that I will either publish the paper immediately or withdraw it according to withdrawal policies
- I Agree that the paper published by this journal, I transfer copyright or assign exclusive rights to the publisher (including commercial rights)
_1.png){kind=logo}
