Year 2021,
Volume: 7 Issue: 1, 1 - 13, 30.06.2021
Khairunesa Isa
,
Nor Asiah Razak
Abstract
Coronavirus (COVID-19) outbreak has been declared as a global health disruption, and at the same time affecting the global economy. As the phenomena are unprecedented, there is a lack of studies on the impact of COVID-19 on businesses, especially in Malaysia. For preventing the virus transmission to the plethora of people, the Malaysian government declared Movement Control Order (MCO) on 18 March 2020 in which the citizens are ordered to practice‘social distancing’ to avoid further outbreak of COVID-19 . Therefore, the study aims to identify the impact of COVID-19 transmission on SME businesses in Malaysia.This study employed an online survey system using a self-administered questionnaire that was distributed all over the country through social media. Findings indicated that the spreading of of COVID-19 in Malaysia has significant impacts on SME business, which affected almost 87% of business owners in the study. Only 13% of business owners in this study are not affected as they have an online business. The findings reveal that 76% are affected by the COVID-19 outbreak as they need to shut down their business during MCO. The remaining of the respondents are still operating their business as they are of the 'food and beverage' sector
Supporting Institution
Universiti Tun Hussein Onn Malaysia
References
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Year 2021,
Volume: 7 Issue: 1, 1 - 13, 30.06.2021
Khairunesa Isa
,
Nor Asiah Razak
References
- American Library Association [ALA]. (2020). COVID-19 Coronavirus pendamic. Retrieved from worldometers.info
BERNAMA. (2020). Additional RM10 billion economic package for SMEs-Prime Minister. Prime Minister’s Office of Malaysia. Retrieved from pmo.gov.my
- Bryman, A., & Bell, E. (2007). Business Research Methods. Social Research.
- Craven, M., Mysore, M., Singhal, S., Smit, S., & Wilson, M. (2020). COVID-19 : Briefing note, March 30, 2020. New York.
- Creswell, J. W. (2009). Research design: Qualitative, Quantitative, and Mixed Methods Approaches (3rd ed.). USA: Sage Publications.
- Department of Statistics Malaysia [DOSM]. (2020). SEKRETARIAT DAN JAWATANKUASA KHAS DOSM MENANGANI COVID-19
- Digital Media Nusantara. (2020). The ASEAN Post. Retrieved April 16, 2020, from https://theaseanpost.com/
- Haren, P., & Simchi-Levi, D. (2020). How Coronavirus could impact the global supply chain by mid-March. Harvard Business Review.
- Hoque, A., Shikha, F. A., Hasanat, M. W., & Arif, I. (2020). The Effect of Coronavirus ( COVID-19 ) in the Tourism Industry in China. Asian Journal of Multidisciplinary Studies, 3(1).
- Ionuţ Vlădescu, Setting goals for career: from career planning to career management, în Revista University Journals Alma Mater - Sibiu, Seria C, Social Sciences, ISSN 2065-2356, Volumul 2/2014, articolul: IDEAS: Alma Mater University journal, Alma Mater University jornal of Sibiu
- Jia, H. (2020). China’s chemical industry shadowed by the coronavirus. C&EN Global Enterprise, 98(6). https://doi.org/10.1021/cen-09806-buscon1
- Koonin, L. M. (2020). Novel coronavirus disease (COVID-19) outbreak: Now is the time to refresh pandemic plans. Journal of Business Continuity & Emergency Planning.
- McKibbin, W., & Fernando, R. (2020). The economic impact of COVID-19. In R. Baldwin & B. Weder (Eds.), Economics in the Time of COVID-19 (pp. 109–112). CEPR Press. Retrieved from www.cepr.org
- McKinsey analysis. (2020). Briefing materials. Johns Hopkins University.
- Prime Minister’s Office [PMO]. (2020). Movement control order: FAQ and Info. Retrieved from pmo.gov.my
- Small-Medium Enterprise Corporation Malaysia [SME]. (2019). Entrepreneurship Driving SMEs. Retrieved from http://smecorp.gov.my/images/SMEAR/SMEAR2018_2019/final/english/SME AR - English - All Chapter Final 24Jan2020.pdf
- Wren-Lewis, S. (2020). The economic effects of a pandemic. In R. Baldwin & B. Weder (Eds.), Economics in the Time of COVID-19 (pp. 109–112). CEPR Press. Retrieved from www.cepr.org
- Yue, X., Shao, X., Yi, R., Li, M., Crabbe, M. J. C., & Mi, L. (2020). Risk Prediction and Assessment : Duration , Infections , and Death Toll of the COVID-19 and Its Impact on China ’ s Economy, 1–27. https://doi.org/10.3390/jrfm13040066