Objective -
This study aims to elaborate business resilience of small medium enterprises and to test the impact of rational and irrational antecedents of business resilience during COVID-19 crisis.
Methodology/Technique -
It is cross-sectional and causal study for testing five hypothesizes. Convenience approach was used as non-probabilistic sampling method. It involved 506 small medium enterprises in Jawa and Sumatera, the biggest islands in Indonesia. Collected data were structured with PLS based Structural Equation Modelling.
Findings -
The result explained that business resilience is influenced positively, directly, and significantly by business flexibility and workplace spirituality. Business flexibility is influenced by workplace spirituality, pro-social leadership, and alliance capability. Pro-social leadership of owners and/or managers influences implementation of health protocol and alliance capability.
Novelty -
This study has proved that business resilience has both sides of antecedents - in rational and irrational perspectives.
Type of Paper -
Empirical.
Keywords:
Business Resilience, Small Medium Enterprise.
JEL Classification:
L26, L29.
URI:
http://gatrenterprise.com/GATRJournals/JMMR/vol6.2_4.html
DOI:
https://doi.org/10.35609/jmmr.2021.6.2(4)
Pages
125 – 136