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What is SME (Small and Medium-Sized Enterprises)

Chapter 3
Handbook of Research on the Impacts and Implications of COVID-19 on the Tourism Industry
SMEs are businesses whose number of employees, total assets, and annual revenues are below a certain threshold that is generally defined separately by each country. Although SMEs are small in size, they typically make up more than 90% of all businesses in a country.
Published in Chapter:
Financial Impacts of COVID-19 on Tourism: Evidence From Some Listed Companies
Derya Üçoğlu (Istanbul Bilgi University, Turkey)
Copyright: © 2021 |Pages: 24
DOI: 10.4018/978-1-7998-8231-2.ch003
Abstract
Tourism is a vulnerable sector to risk-related events such as natural disasters, terrorist attacks, economic crises, or infectious diseases. After the outbreak of COVID-19 being confirmed a pandemic in March 2020, the operations of tourism companies decreased sharply due to the restrictions and measures imposed as the virus was being transmitted easily between people through droplets or particles that float in the air. Therefore, this chapter focuses on the financial impacts of COVID-19 on tourism by examining the financial statements and disclosures of some listed companies. Although there are some studies on the potential effects of the COVID-19 on the economy or the businesses, there are hardly any concerning the financial impact of the pandemic on tourism companies as of the end of pandemic's first year. This study identifies the effect of COVID-19 on the financial position and performance of tourism companies, COVID-19 related risks, the strategies implemented by companies and their possible impact on operations.
Full Text Chapter Download: US $37.50 Add to Cart
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Chapter 8
Chinese OEM Manufacturing Roadmap: SMEs – To Brand or Not to Brand
The sizing or categorization of a company as an SME can be based on a number of characteristics. The traits include annual sales, number of employees, the number of assets owned by the company, market capitalization, or any combination of these features. Generally, they are independent firms with less than 50 employees and not more than 250 employees. However, the maximum number of employees is different from one country to the next.
Published in Chapter: Chinese OEM Manufacturing Roadmap: SMEs – To Brand or Not to Brand; From: Handbook of Research on Emerging Business Models and the New World Economic Order
Full Text Chapter Download: US $37.50 Add to Cart
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