Financial impact of cost of capital on tourism-based SMEs in COVID-19: implications for tourism disruption mitigation


Song, Yang and Yan, Jiaqi and Yu, Ziqi and Li, Tingting and Yang, Yi (2023) Financial impact of cost of capital on tourism-based SMEs in COVID-19: implications for tourism disruption mitigation. Environmental Science and Pollution Research, 30. pp. 36439-36449. ISSN 0944-1344, 1614-7499

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Opportunities for funding Tourism SMEs are emerging globally due to the expansion of tourism sector. However, it is still being determined how these financial arrangements will be controlled at more significant sizes equitably. In the contemporary period, E7 economy is deficient in producing the financial resources to ensure the availability of funds for the acquisition of funds for tourism-based SMEs. However, this research tested the empirical position of cost of debt in E-7 economies during COVID-19 crises. Study findings have shown significant outcomes between the constructs. The variation of conditions, structural uncertainty, transection systems, and variation in support by the financial institution for tourism-based SMEs are the main reasons that lessen borrowing and lending system of funds, from banks to SMEs. However, theorists must revisit the transaction system of debt financing for SMEs. Policymakers are suggested to develop viable and SME system-friendly policies to finance through debt capital from the banks in the time of structural imposed crises, like COVID-19.

Item Type: Article
Uncontrolled Keywords: COVID-19 crises Cost of capital Tourism SMEs Debt financing Post Covid Tourism
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD2321-4730.9 Industry > HD2340.8-2346.5 Small and medium-sized businesses, artisans, handicrafts, trades
H Social Sciences > HG Finance > HG4001-4285 Finance management. Business finance.
Divisions: Faculty of Management (FOM)
Depositing User: Ms Nurul Iqtiani Ahmad
Date Deposited: 14 Mar 2023 02:53
Last Modified: 27 Apr 2023 11:26


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