Financial and Business Implications of Coronavirus Pandemic on Entrepreneurial Businesses in Developing Economies

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Benedette Nneka Okezie et al.

Résumé

The financial and business implications of coronavirus pandemic on entrepreneurial business cannot be over-emphasized. Specifically, this paper investigates the effect of COVID lockdown on business and financial performance of entrepreneurial business. To achieve the spelt objective, the study utilized survey design. Data was collected though a self-administered questionnaire from a number of 308 respondents who were management and non-management staff of fifty-two randomly selected entrepreneurial firms in Enugu, Nigeria. Statistical technique software SPSS was employed to aid the data analysis. Having analyzed the data, the study found out that coronavirus pandemic crisis seriously affects the financial and operational performance of entrepreneurial businesses in Nigeria. The work recommends that government should support entrepreneurial firms with financial and palliative measures so as to cushion the effect of the corona pandemic on firms and their workforce.     

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