Facing the Crisis: The Behavior of Queretaro’s SMEs During the Crisis
DOI:
https://doi.org/10.29201/peipn.v10i19.342Keywords:
Financial crisis, SMEsAbstract
Through financial crises periods, SMEs could view affected their operations in many different ways and, even more, SMEs could face the possibility to jeopardize their survival. However, not all SMEs are equally affected by a financial crisis. In fact, some SMEs may even thrive and grow during the crisis periods, which increased their profits. There are empirical evidence that suggest that some SMEs view in financial crises the opportunity to de-velop new strategies and innovate in their products and/or their services. Answer the following questions: what was the mortgage crisis on SMEs in Queretaro State?, and how SMEs in Queretaro State responded during the mortgage crisis?, is the central issue in this paper.
Downloads
References
Ang, S. (2001). "Crisis marketing; a comparison across economic scenarios", International Business Review, vol, 10, pp. 263-284.
Ang, S.H., S.M. Leong y P. Kotler (2000). "The Asian apocalypse: crisis marketing for consumer and businesses", Long Range Planning, vol. 33, pp. 97-119.
Beaver, G. y C. Ross (2000). "Enterprise in Recession: The Role and Context of Strategy", International Journal of Entrepreneurship and Innersation, 1 (1), pp. 23-31.
Burgers, W. (2009). "Marketing during economic downturns", Financial Times, Managing in a Downturn Series, February 5.
Chattopadhyay, P., W. H. Glick y G. P. Huber (2001). "Organizational actions in response to threats and opportunities". Academy of Management Journal, 44 (5), pp. 937-955.
Curran, P. J., S. G. West y G. F. Finch (1996). "The robustness of test statistics to non-normality and specification error in confirmatory factor analysis". Psychological Methods, 1, pp. 16-29.
DeDee, K.J. y D.W. Vorhies (1998), Retrenchment activities of small firms during economic downturn: An empirical investigation. Journal of Small Business Management, 36 (3), pp. 46-61.
Dobbs, R.F., D. Robert Jesudason and Francis H. Malige (2002). "Moving up in a Downturn", McKinsey on Finance, 9-14.
Domowitz, L.; R.G. Hubbard y B.C. Peterson (1988), "Market Structure and Cyclical Fluctuations in US. Manufacturing". The Reviere of Economics and Statistics, 70 (1), pp. 55-66.
Gabisch, G. y H. Lorenz (1987). Business Cycle Theory: A Survey of Method and Concepts, New York, NY: Springer-Verlag.
Geroski, P.A. y P. Gregg (1994). "Corporate restructuring in the UK during the recession". Business Strategy Review, 5 (2), pp. 1-19.
Gunby, N. W. Jr. (2009). "Firm performance and complementary strategy development processes". Management Decision, 47 (5), pp. 806-818.
Hartman, N. (2009). "Sure ways to tackle uncertainty in tough times", Financial Times, Managing in a Downturn Series, February 5.
Kitching, J.; R. Blackburn; D. Smallbone y S. Dixon (2009). Business strategies and performance during difficult economic conditions. Department of Business Innovation and Skills (BIS).
Kunc, M. y R. Bhandari (2011). "Strategic development processes during economic and financial crisis". Management Decision, 49 (8), pp. 1343-1353.
Latham, S. (2009). "Contrasting strategic response to economic recession in start-up versus established software firms". Journal of Small Business Management, 47 (2), pp. 180-201.
Meyer, A., G., Brooks y J. Goes (1990). "Environmental jolts and industry revolutions: organizational responses to discontinuous change", Strategic Management Journal, vol. 11, núm. 5, pp. 93-110.
Navarro, P.; P. Bromiley y P. Sottile (2010). "Business cycle management and firm performance: Tying the empirical knot". Journal of Strategy and Management, 3 (1), pp. 50-71.
Quelch, J.; K. Jocz (2009). "How to Market in a downturn", Harvard Business Review, vol. 87, núm. 4, pp. 52-62.
Rigby, D. (2001). "Moving Upward in a Downturn," Harvard Business Review, 79 (July), pp. 99-105.
Rhodes, D. y D. Stelter (2009). "Seize advantage in a downturn". Harvard Business Review, 87 (2), pp. 49-59.
Rosier, E. (2011). "Marketing strategy in a turbulent environment", Journal of StrategicMarketing, 19 (5), pp. 413-419.
Shama, A. (1993). "Marketing strategies during recession: A comparison of small and large firms". Journal of Small Business Management, 31 (3), pp. 62-72.
Smallbone, D.; D. Deakins, M. Battisti, y J. Kitching (2012). "Small business responses to a major economic downturn: Empirical perspectives from New Zealand and the United Kingdom". International Small Business Journal, 0 (0) pp. 1-24.
Srinivasan, R.; A. Rangaswamy y G. Lilien (2005). "Turning adversity into advantage: does proactive marketing during a recession pay off?", International Journal of Research in Marketing, vol. 22, núm. 2, pp. 109-125.
Wan, W. P.; D. W. Yiu (2009). "From crisis to opportunity: Environmental jolt, corporate acquisitions, and firm performance". Strategic Management Journal, 30 (7), pp. 791-801.
Serrasqueiro, Z. y P. Maçãs (2008). "Performance and size: empirical evidence from Portuguese SMEs," Small Business Economics, Springer, vol. 31 (2), pp. 195-217.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Panorama Económico
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
