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Risk perception and determinants in small & medium‐sized agri‐food enterprises amidst the COVID‐19 pandemic: Evidence from Egypt

Abouhatab, Assem and Lagerkvist, Carl-Johan and Esmat, Abourehab (2020). Risk perception and determinants in small & medium‐sized agri‐food enterprises amidst the COVID‐19 pandemic: Evidence from Egypt. Agribusiness : An International Journal. 37 , 187-212
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Abstract

The coronavirus disease-2019 (COVID-19) pandemic has disrupted many activities along agri-food supply chains in developing countries and posed unprecedented challenges in particular to small and medium agri-food enterprises (SMEs). Drawing on a survey of 166 Egyptian agri-food SMEs, this study investigates differences in- and determinants of COVID-19 business risk perception among these enterprises. The empirical results showed that risk perception was highly asymmetric across geographical regions. Enterprises with longer cash flow coverage periods and higher values of total assets perceived significantly lower risk levels, as cash and assets functioned as a buffer against the impact of COVID-19. The findings of the study imply that the "just-in-time" approach and the absence of a proactive and preventative stance to risk management reduced the resilience of agri-food SMEs to the risks presented by the pandemic. Generally, enterprises that operate both in domestic and export markets perceived lower COVID-19 risks. Finally, the main export destination to which the surveyed enterprises export was a significant determinant of their risk perception. These findings could be useful to managers of agri-food businesses in terms of better understanding of risks and promotion of risk management practices. More so, they can help design effective policy interventions to mitigate the impacts of the pandemic on Egyptian agri-food SMEs and build up their resilience to future pandemics and shocks.

Authors/Creators:Abouhatab, Assem and Lagerkvist, Carl-Johan and Esmat, Abourehab
Title:Risk perception and determinants in small & medium‐sized agri‐food enterprises amidst the COVID‐19 pandemic: Evidence from Egypt
Series Name/Journal:Agribusiness : An International Journal
Year of publishing :2020
Volume:37
Page range:187-212
Number of Pages:26
ISSN:0742-4477
Language:English
Publication Type:Journal article
Article category:Scientific peer reviewed
Version:Published version
Copyright:Creative Commons: Attribution 4.0
Full Text Status:Public
Subjects:(A) Swedish standard research categories 2011 > 5 Social Sciences > 502 Economics and Business > Economics
(A) Swedish standard research categories 2011 > 4 Agricultural Sciences > 405 Other Agricultural Sciences > Other Agricultural Sciences not elsewhere specified
(A) Swedish standard research categories 2011 > 5 Social Sciences > 502 Economics and Business > Business Administration
Keywords:COVID‐19, Egypt, probabilistic conditional binary recursive inference algorithm, risk perception, small‐and medium‐sized enterprises
URN:NBN:urn:nbn:se:slu:epsilon-p-108959
Permanent URL:
http://urn.kb.se/resolve?urn=urn:nbn:se:slu:epsilon-p-108959
Additional ID:
Type of IDID
DOI10.1002/agr.21676
Web of Science (WoS)000595233500001
ID Code:21745
Faculty:NJ - Fakulteten för naturresurser och jordbruksvetenskap
Department:(NL, NJ) > Dept. of Economics
Deposited By: SLUpub Connector
Deposited On:26 Jan 2021 09:34
Metadata Last Modified:26 Jan 2021 09:41

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