Related Experiment Video
Updated: Jul 21, 2026
07:47
Reverse Transcription Loop-Mediated Isothermal Amplification RT-LAMP Assay for the Specific and Rapid Detection of Tilapia Lake Virus
Published on: May 18, 2020
12.7K
Assessing economic implications for micro, small and medium enterprises in Thailand post Covid-19 lockdown
Wanamina Bostan Ali1, Joshua Akinlolu Olayinka2, Md Mahmudul Alam3,4
1Business Administration Department, Faculty of Management Sciences, Prince of Songkla University, Hat Yai, Songkhla, Thailand.
Plos One
|February 13, 2024
Summary
This study on Thai Micro, Small, and Medium-sized Enterprises (MSMEs) found that adaptability significantly impacts financial and non-financial performance post-COVID-19. Effective demand shock management is crucial for MSME recovery and reducing vulnerability.
Area of Science:
- Socio-Economic Impact of Pandemics
- Business Resilience and Strategy
- SME Development Policies
Background:
- Micro, Small, and Medium-sized Enterprises (MSMEs) are vital to Thailand's economy but highly vulnerable to external shocks like COVID-19.
- The pandemic's economic repercussions necessitate targeted strategies to support MSME recovery, particularly for vulnerable groups including women and children.
- Stakeholder perspectives are crucial for understanding and developing effective support mechanisms for these businesses.
Purpose of the Study:
- To assess the short-term and long-term economic effects of the post-COVID-19 era on Thai MSMEs.
- To develop policy guidelines focused on strategies for the development and recovery of the MSME sector.
- To evaluate stakeholder views on mechanisms and strategies supporting vulnerable groups within the MSME sector.
Main Methods:
- Data collection via online questionnaires distributed to diverse stakeholder groups.
- Advanced quantitative analysis, including path modeling and structural equation modeling (SEM).
- Descriptive analysis to examine the relationships between variables and assess performance impacts.
Main Results:
- MSME adaptability significantly influences both financial and non-financial performance in the short term, with adaptability being more critical than financial metrics alone.
- COVID-19 demand shocks negatively impacted MSME adaptability, financial, and non-financial performance, increasing overall vulnerability.
- Effective management of demand shocks stabilized and improved MSME performance while decreasing vulnerability; government policies primarily focused on financial aspects showed limited impact on non-financial performance and vulnerability.
Conclusions:
- Adaptability and strategic demand shock management are key determinants of MSME resilience and recovery post-pandemic.
- Current government policies need enhancement to address non-financial aspects and reduce MSME vulnerability.
- Findings provide crucial insights for policymakers to design targeted support for Thai MSMEs to mitigate unemployment and stimulate economic recovery.
