Self-employment and covid-19: A conceptual study

The COVID-19 pandemic has spread with alarming speed, infecting millions and bringing economic activity to a near-standstill as countries imposed tight restrictions on movement to halt the spread of the virus. Coronavirus outbreak will have devastating effects on the Malaysian economy from both exte...

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Main Authors: Siti Noraain M.Hamdan, Beatrice Lim Fui Yee, Roslinah Mahmud, Noor Faziedah Chun Li @ Mohd Fadzlee
Format: Proceedings
Language:English
English
Published: Universiti Malaysia Sabah 2021
Subjects:
Online Access:https://eprints.ums.edu.my/id/eprint/31485/1/Self-employment%20and%20covid-19%2C%20A%20conceptual%20study-ABSTRACT.pdf
https://eprints.ums.edu.my/id/eprint/31485/2/Self-Employment%20and%20Covid-19%2C%20A%20Conceptual%20Study.pdf
https://eprints.ums.edu.my/id/eprint/31485/
https://drive.google.com/file/d/1fEDZliMTjTzkjDwn3BF86-eXNMa8Gnc5/view?usp=sharing
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spelling my.ums.eprints.314852021-12-22T07:15:04Z https://eprints.ums.edu.my/id/eprint/31485/ Self-employment and covid-19: A conceptual study Siti Noraain M.Hamdan Beatrice Lim Fui Yee Roslinah Mahmud Noor Faziedah Chun Li @ Mohd Fadzlee HD28-70 Management. Industrial management RA648.5-767 Epidemics. Epidemiology. Quarantine. Disinfection The COVID-19 pandemic has spread with alarming speed, infecting millions and bringing economic activity to a near-standstill as countries imposed tight restrictions on movement to halt the spread of the virus. Coronavirus outbreak will have devastating effects on the Malaysian economy from both external factors which are global supply and demand shocks and domestic factors of Movement Control Order (Calvin Cheng, 2020). Critically, this will disproportionately impact smaller businesses and vulnerable groups such as lower-income individuals and self-employed. As the health and human toll grows, the economic damage is already evident and represents the largest economic shock the world has experienced in decades. As for now, it is clear that this pandemic will have intensely damaging effects on both the Malaysian micro and macro economy as well as on the economic welfare of the society. This article analyses the effects of COVID-19 on self-employed individuals and the policies of government in order to help vulnerable groups such as lower-income individuals and self-employed and recover the economy due to impact of COVID-19. In the case of business scenario, COVID-19 has impacted most of the small businesses significantly compare to large firms. MCO causes most of the small businesses operators to temporarily shut down their activities to contain the spread of this virus. The findings from this study is expected to enhance the understanding of the operations of small businesses and their potential and benefits. In addition, those businesses can identify factors that benefit small enterprise to reduce the massive impact of this pandemic to ensure sustainability in the future. Universiti Malaysia Sabah 2021 Proceedings PeerReviewed text en https://eprints.ums.edu.my/id/eprint/31485/1/Self-employment%20and%20covid-19%2C%20A%20conceptual%20study-ABSTRACT.pdf text en https://eprints.ums.edu.my/id/eprint/31485/2/Self-Employment%20and%20Covid-19%2C%20A%20Conceptual%20Study.pdf Siti Noraain M.Hamdan and Beatrice Lim Fui Yee and Roslinah Mahmud and Noor Faziedah Chun Li @ Mohd Fadzlee (2021) Self-employment and covid-19: A conceptual study. https://drive.google.com/file/d/1fEDZliMTjTzkjDwn3BF86-eXNMa8Gnc5/view?usp=sharing
institution Universiti Malaysia Sabah
building UMS Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sabah
content_source UMS Institutional Repository
url_provider http://eprints.ums.edu.my/
language English
English
topic HD28-70 Management. Industrial management
RA648.5-767 Epidemics. Epidemiology. Quarantine. Disinfection
spellingShingle HD28-70 Management. Industrial management
RA648.5-767 Epidemics. Epidemiology. Quarantine. Disinfection
Siti Noraain M.Hamdan
Beatrice Lim Fui Yee
Roslinah Mahmud
Noor Faziedah Chun Li @ Mohd Fadzlee
Self-employment and covid-19: A conceptual study
description The COVID-19 pandemic has spread with alarming speed, infecting millions and bringing economic activity to a near-standstill as countries imposed tight restrictions on movement to halt the spread of the virus. Coronavirus outbreak will have devastating effects on the Malaysian economy from both external factors which are global supply and demand shocks and domestic factors of Movement Control Order (Calvin Cheng, 2020). Critically, this will disproportionately impact smaller businesses and vulnerable groups such as lower-income individuals and self-employed. As the health and human toll grows, the economic damage is already evident and represents the largest economic shock the world has experienced in decades. As for now, it is clear that this pandemic will have intensely damaging effects on both the Malaysian micro and macro economy as well as on the economic welfare of the society. This article analyses the effects of COVID-19 on self-employed individuals and the policies of government in order to help vulnerable groups such as lower-income individuals and self-employed and recover the economy due to impact of COVID-19. In the case of business scenario, COVID-19 has impacted most of the small businesses significantly compare to large firms. MCO causes most of the small businesses operators to temporarily shut down their activities to contain the spread of this virus. The findings from this study is expected to enhance the understanding of the operations of small businesses and their potential and benefits. In addition, those businesses can identify factors that benefit small enterprise to reduce the massive impact of this pandemic to ensure sustainability in the future.
format Proceedings
author Siti Noraain M.Hamdan
Beatrice Lim Fui Yee
Roslinah Mahmud
Noor Faziedah Chun Li @ Mohd Fadzlee
author_facet Siti Noraain M.Hamdan
Beatrice Lim Fui Yee
Roslinah Mahmud
Noor Faziedah Chun Li @ Mohd Fadzlee
author_sort Siti Noraain M.Hamdan
title Self-employment and covid-19: A conceptual study
title_short Self-employment and covid-19: A conceptual study
title_full Self-employment and covid-19: A conceptual study
title_fullStr Self-employment and covid-19: A conceptual study
title_full_unstemmed Self-employment and covid-19: A conceptual study
title_sort self-employment and covid-19: a conceptual study
publisher Universiti Malaysia Sabah
publishDate 2021
url https://eprints.ums.edu.my/id/eprint/31485/1/Self-employment%20and%20covid-19%2C%20A%20conceptual%20study-ABSTRACT.pdf
https://eprints.ums.edu.my/id/eprint/31485/2/Self-Employment%20and%20Covid-19%2C%20A%20Conceptual%20Study.pdf
https://eprints.ums.edu.my/id/eprint/31485/
https://drive.google.com/file/d/1fEDZliMTjTzkjDwn3BF86-eXNMa8Gnc5/view?usp=sharing
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score 13.211869