Halkos, George, Skouloudis, Antonis, Malesios, Chrisovaladis and Evangelinos, Konstantinos (2018) Bouncing back from extreme weather events: Some preliminary findings on resilience barriers facing small and medium-sized enterprises. Business Strategy and the Environment, 27 (4). pp. 547-559. ISSN 0964-4733 (Print), 1099-0836 (Online) (doi:10.1002/bse.2019)

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Abstract

Extreme weather events (EWEs) pose unprecedented threats to modern societies and represent a much-debated issue strongly interlinked with current development policies. Small and medium-sized enterprises (SMEs), which constitute a driving force of economic growth, employment and total value added, remain highly vulnerable to and ill prepared for such environmental perturbations. This study investigates barriers to SMEs’ resilience to EWEs in an attempt to shed light on enabling factors that can define effective organizational responses to non-linear environmental stimuli. Relying on structural equation modeling and data gathered from 109 SMEs that recently experienced EWE impacts, we link the general concept of SMEs’ resilience barriers to EWEs with a series of elements to determine specific internal and external factors that contribute the most to EWE resilience. In particular, external barriers of institutional conditions and mechanisms of support and guidance as well as internal barriers of resources and managerial perceptions are found to be the most critical ones in determining resilience. The assessment offers essential research evidence for practitioners on SME management and sets forth linkages with current mechanisms for policy interventions towards an appropriate resilience agenda for SMEs.

Item Type:	Article
Uncontrolled Keywords:	extreme weather events; resilience; small and medium-sized enterprises; climate change; environmental perturbations; sustainable development
Subjects:	G Geography. Anthropology. Recreation > GE Environmental Sciences
Faculty / School / Research Centre / Research Group:	Faculty of Engineering & Science Faculty of Engineering & Science > School of Engineering (ENG)
Last Modified:	30 Sep 2022 14:21
URI:	http://gala.gre.ac.uk/id/eprint/20124

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