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Funding, Turnover, Sustainability and Digital Technologies: A Multicriteria Research Model for SMEs Facing a Challenging Context
[journal article]
Abstract The pandemic crisis has meant a challenge for SMEs and a factor that can change the way of doing business. The current paper analyses the correlations between financial resources, turnover, sustainability, and digital technologies and how these components can be adapted to changes in the economy tri... view more
The pandemic crisis has meant a challenge for SMEs and a factor that can change the way of doing business. The current paper analyses the correlations between financial resources, turnover, sustainability, and digital technologies and how these components can be adapted to changes in the economy triggered by the pandemic crisis in the structure of activities carried out by SMEs. Resting on the importance of integrating the innovative, digital component to the activities of SMEs, in close connection with the financial resources component, a multicriteria research model for business has been developed, assessing the correlations between key variables and their influence on European SMEs. In order to fully define the concepts envisaged and to emphasise these correlations, multiple linear regression, clustering techniques, and correlation analysis were used. In the end, the proposed solution provided a common language through which companies can evaluate traditional processes and bring together the research components into business activities.... view less
Keywords
Eurobarometer; sustainability; digitalization; small business; medium-sized firm; funding; turnover; epidemic; contagious disease
Classification
National Economy
Free Keywords
digital technologies; research model; Flash Eurobarometer 486 (SMEs, Start-ups, Scale-ups and Entrepreneurship) (ZA7637 v2.0.0)
Document language
English
Publication Year
2022
Page/Pages
p. 1-33
Journal
Sustainability, 14 (2022) 7
DOI
https://doi.org/10.3390/su14073953
ISSN
2071-1050
Status
Published Version; peer reviewed