A Financial Perspective on SMMEs Developmental Position During the Covid Pandemic

DOI

10.2991/aebmr.k.211124.072How to use a DOI?

Keywords

Income; Operating Profit; SMMEs; Sales

Abstract

The COVID-19 pandemic certaintly has an impact on the economy, not only in Indonesia but also in the world. When the crisis hit in the 1997-1998 period, only SMMEs could strongly survive. The Minister of Finance, Sri Mulyani Indrawati observed this condition differently during the economic crisis during the current COVID-19 pandemic. The economic crisis due to the COVID-19 pandemic was felt as a tremendous pressure for SMMES actors because they could not hold business activities optimally as a result of community activities. Therefore, research related to the position of SMMEs development during the COVID-19 pandemic was important to be conducted in finding out the impact of this situation on the economic sector. The population of this study was 32,890 SMMEs with a sample of 110 SMMEs determined by the use of Slovin formula. The results showed that there were several differences viewed from many terms experienced by SMMES actors before and after facing the economic crisiss due to COVID-19 pandemic, such as; in terms of sales, income, and operating profit.

Copyright

© 2021 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Sunitha Devi
AU  - Putu Riesty Masdiantini
AU  - Putu Eka Dianita Marvilianti Dewi
AU  - A.A.N. Yudha Martin Mahardika
AU  - Ida Bagus Raminra Padma Diputra
PY  - 2021
DA  - 2021/11/25
TI  - A Financial Perspective on SMMEs Developmental Position During the Covid Pandemic
BT  - Proceedings of the 6th International Conference on Tourism, Economics, Accounting, Management, and Social Science (TEAMS 2021)
PB  - Atlantis Press
SP  - 505
EP  - 513
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.211124.072
DO  - 10.2991/aebmr.k.211124.072
ID  - Devi2021
ER  -