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- Title
The Effectiveness of Additional PRIHATIN SME Economic Stimulus Package (PRIHATIN SME+) in Malaysia Post-COVID-19 Outbreak: A Conceptual Paper.
- Authors
Ahmad, Nurul Nadiah; Hanafi, Wan Noordiana Wan; Abdullah, Wan Mohamad Taufik Wan; Daud, Salina; Toolib, Siti Norhidayah
- Abstract
Purpose: The outbreak of coronavirus disease 2019 (COVID-19) pandemic has shown devastating effects on the Malaysian economy, which critically and disproportionately impacted smaller businesses and vulnerable groups such as lower-income individuals and workers. In light of the emerging risks, this study aims to propose a model that is relevant in assessing the effectiveness of the Additional PRIHATIN SME Economic Stimulus Package (PRIHATIN SME+) in facilitating the financial burden for SMEs and subsequently ensuring the SMEs to remain resilient in the face of economic pressures associated with COVID-19. Design/methodology/approach: Data were collected through literatures search on SMEs business performance in Malaysia during post-COVID-19. Findings: The core journals in business performance show various measurements for business performance. Yet, the SMEs business performance during COVID-19 still needs to be considered by measuring using accounting-based measures of performance and market-based measures of performance. This study proposed a model which is aimed to facilitate the SMEs direction in aligning the national SMEs outlook during post-COVID-19. Research limitations/implications: This concept paper is based on previous research only. Practical implications: The outcome of this study will provide a mechanism for SMEs to continuously monitor the progress of recovery by focusing on SMEs business activities that need to be prioritized during the recovery process. This study is expected to formulate a monitoring tool that will be useful for SMEs in guiding them to be on the right track in the post-COVID-19 period. Originality/value: The proposed model in this paper is relevant to SMEs affected from COVID-19 and that received Additional PRIHATIN SME Economic Stimulus Package (PRIHATIN SME+), which shows different results when compared to the situation before COVID-19.
- Subjects
MALAYSIA; ECONOMIC stimulus; COVID-19 pandemic; COVID-19; DISEASE outbreaks; ORGANIZATIONAL performance
- Publication
Global Business & Management Research, 2020, Vol 12, Issue 4, p754
- ISSN
1947-5667
- Publication type
Article