Biblioteca Digital de VanguardiaPublic policies and financing for Mexican SMEs in the face of the Covid19 pandemic
Background and objectives: This article is focused on understanding the impact of public policies on Small and Medium Enterprises, especially in terms of financial support in the face of the crisis caused by the Covid19 pandemic. To this end, the hypothesis is presented that this support was not suf...
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| Formato: | Revistas |
| Lenguaje: | Español |
| Publicado: |
Universidad de Cartagena
2023
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| Acceso en línea: | https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/4151 |
| _version_ | 1782340347380105216 |
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| author | Tregear, Manuel |
| author_facet | Tregear, Manuel |
| author_sort | Tregear, Manuel |
| collection | Revista |
| description | Background and objectives: This article is focused on understanding the impact of public policies on Small and Medium Enterprises, especially in terms of financial support in the face of the crisis caused by the Covid19 pandemic. To this end, the hypothesis is presented that this support was not sufficient to restore the performance of these companies.
Methods: Cross-sectional descriptive statistics methods are used based on statistics, censuses, and official government surveys, as well as analysis of national public policies in the region.
Findings: The results converge with the theoretical approach on the endogenous limitations of Small and Medium Enterprises to access bank funding. Prior to the pandemic, there was a low level of access to such funding, which over time generated companies with deteriorated financial structures vulnerable to crises. The policies have not generated a more fluid relationship between companies and funding from formal financial institutions, generating a strong bond with suppliers.
Conclusion: The policies that were implemented were palliative, in the context of the crisis; however, the problem of the fragility of these companies persists, which requires directing policies to strengthen them considering their fundamental contribution to the country's business structure. |
| format | Revistas |
| id | oai:revistas.unicartagena.edu.co:article-4151 |
| institution | Revista Panorama Económico |
| language | Español |
| publishDate | 2023 |
| publisher | Universidad de Cartagena |
| record_format | ojs |
| spelling | oai:revistas.unicartagena.edu.co:article-41512023-10-27T15:06:19Z Public policies and financing for Mexican SMEs in the face of the Covid19 pandemic Políticas públicas y financiamiento a las PyMes mexicanas frente a la pandemia del Covid19 Tregear, Manuel Financing Pandemic Policies Reinvestment SMEs Pandemia PyMes políticas reinversión financiamiento Background and objectives: This article is focused on understanding the impact of public policies on Small and Medium Enterprises, especially in terms of financial support in the face of the crisis caused by the Covid19 pandemic. To this end, the hypothesis is presented that this support was not sufficient to restore the performance of these companies. Methods: Cross-sectional descriptive statistics methods are used based on statistics, censuses, and official government surveys, as well as analysis of national public policies in the region. Findings: The results converge with the theoretical approach on the endogenous limitations of Small and Medium Enterprises to access bank funding. Prior to the pandemic, there was a low level of access to such funding, which over time generated companies with deteriorated financial structures vulnerable to crises. The policies have not generated a more fluid relationship between companies and funding from formal financial institutions, generating a strong bond with suppliers. Conclusion: The policies that were implemented were palliative, in the context of the crisis; however, the problem of the fragility of these companies persists, which requires directing policies to strengthen them considering their fundamental contribution to the country's business structure. Objetivos: El trabajo está enfocado a conocer el accionar de las políticas públicas a las Pequeñas y Medianas Empresas, especialmente, los apoyos financieros para enfrentar la crisis ocasionada por la pandemia Covid19. Para ello, se expone la hipótesis que estos apoyos no fueron suficientes para reponer el desempeño de estas empresas. Métodos: Se utilizan métodos de estadísticas descriptivas de corte transversal con base a estadísticas, censos y encuestas oficiales de gobierno, además del análisis de políticas públicas locales y a nivel de los países de la región. Resultados: Los resultados muestran que convergen con el planteamiento teórico sobre las limitaciones endógenas de las Pequeñas y Medianas Empresas para acceder al financiamiento bancario, en este sentido, se encuentra una situación previa a la pandemia de bajo acceso al financiamiento que genera empresas con estructuras financieras deterioradas en el tiempo y con mayor exposición frente a las crisis. Las políticas no han generado una relación más fluida entre entras empresas y el financiamiento con instituciones financieras formales, generándose un fuerte lazo con proveedores. Conclusión: Las políticas que se implantaron fueron paliativa, en el contexto de la crisis, sin embargo, el problema de la fragilidad de estas empresas persiste, lo cual requiere encaminar las políticas para fortalecerlas considerando su aporte fundamental en la estructura empresarial del país. Universidad de Cartagena 2023-01-15 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/4151 10.32997/pe-2023-4151 Panorama Económico Journal; Vol. 31 No. 1 (2023); 24-41 Panorama Económico; Vol. 31 Núm. 1 (2023); 24-41 Panorama Económico; v. 31 n. 1 (2023); 24-41 2463-0470 0122-8900 10.32997/pe-2023 spa https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/4151/3449 /*ref*/Banxico, (2021). Indicadores básicos de créditos a las pequeñas y medianas empresas (PyMEs). Banco de México (varios), datos tomados en marzo 021. https://www.banxico.org.mx/publicaciones-y-prensa/rib-creditos-a-pymes/rib-creditos-pymes--tasas-int.html /*ref*/Benoit, J., (1984). Financially constrained entry in a game with incomplete information. Rand Journal of Economics, Vol. 15 (4), pp. 490-499. https://www.jstor.org/stable/2555520 /*ref*/Campos, R.; Esquivel, G.; Badillo, R., (2021). How has labor demand been affected by the COVID-19 pandemic? Evidence from job ads in Mexico. Covid Economics 46, 1 September 2020: 94-122. https://www.banxico.org.mx/publications-and-press/articles-and-other-publications/%7B54956C5E-E33B-3ABD-C545-F2FD7550DD64%7D.pdf /*ref*/CEPAL, (2020). Sectors and businesses facing COVID-19: emergency and reactivation. Special Report Nº 4 (July 2020) COVID-19. https://www.cepal.org/en/publications/45736-sectors-and-businesses-facing-covid-19-emergency-and-reactivation /*ref*/Cuevas, P., (2022). The export pattern of productive specialization and the cycle of capital in Chile and Mexico: tendency to exploitation in its primary and secondary export modalities. economíaunam vol. 17, núm. 50, pp. 138-165. https://www.scielo.org.mx/scielo.php?pid=S1665-952X2020000200138&script=sci_abstract&tlng=en /*ref*/Esquivel, G., (2020). The economic impacts of the pandemic in Mexico. economíaunam vol. 17, núm. 51, septiembre-diciembre, 2020, pp. 28 - 44. http://revistaeconomia.unam.mx/index.php/ecu/article/view/543 /*ref*/Heredia, A.; Dini, N., (2021). Análisis de las políticas de apoyo a las pymes para enfrentar la pandemia de COVID-19 en América Latina. CEPAL. https://repositorio.cepal.org/items/dd4ec335-f397-4c38-89f2-17150dbb72d3 /*ref*/Heredia, A.; Dini, M., (2021a). “Políticas de apoyo a las mipymes en contexto COVID-19 en México”. Análisis de las políticas de apoyo a las pymes para enfrentar la pandemia de COVID-19 en América Latina. Documentos de Proyectos (LC/TS.2021/29), Santiago, Comisión Económica para América Latina y el Caribe (CEPAL), pp. 87-94. https://repositorio.cepal.org/items/dd4ec335-f397-4c38-89f2-17150dbb72d3 /*ref*/INEGI, (2021a). Encuesta sobre el impacto económico generado por COVID-19 en las Empresas (ECOVID-IE). https://www.inegi.org.mx/programas/ecovidie/# /*ref*/Meyer, B.; Prescot, B.; Sheng, X., (2020). The impact of the COVID-19 pandemic on business expectations. Federal Reserve Bank of Atlanta, Working Paper Series, 2020-17a. https://www.atlantafed.org/-/media/documents/research/publications/wp/2020/09/04/17-impact-of-covid-19-pandemic-on-business-expectations.pdf /*ref*/Moreno-Brid, J., (2020). Pandemic, public policy, and the outlook for the Mexican economy in 2020. economíaunam vol. 17, núm. 51, septiembre-diciembre, 2020, pp. 335 – 348. http://revistaeconomia.unam.mx/index.php/ecu/article/view/569 /*ref*/Motta, M., (2004). Competition policy: Theory and practice. London U.K.: Cambridge University Press, 706 p. https://books.google.com.mx/books/about/Competition_Policy.html?id=J3xZnDSlfC8C&redir_esc=y /*ref*/Nawal, A.; Ghadah A., (2021). Innovation practices for survival of small and medium enterprises (SMEs) in the COVID-19 times: the role of external support. Journal of Innovation and Entrepreneurship, 2021; 10(1): 15. https://innovation-entrepreneurship.springeropen.com/articles/10.1186/s13731-021-00156-6 /*ref*/Provencio, E., (2020). Economic policy and Covid-19 in Mexico in 2020. Revista Economía UNAM, Vol. 17, Nº51, Sept - Dic. 2020, pp. 263-281. http://revistaeconomia.unam.mx/index.php/ecu/article/view/563 /*ref*/Salas, A.; Defín, F.; Acosta, M.; Olivares, R., (2020). Economic-tax support in Mexico due to COVID-19 for SMES. Horizontes de la Contaduría en las Ciencias Sociales, Nº 12, pp. 40 - 60. https://revistahorizontes.uv.mx/index.php/horizont/article/view/20 /*ref*/Steindl, J., (1945a). Small and big business. Economic problem of the size of firms. Institute of Statistics Monographs, no. 1, Oxford: Basil Blackwell, 70 pp. https://www.abebooks.com/Small-Big-Business-Economic-Problems-Size/865205542/bd /*ref*/Steindl, J., (1945). Capitalist enterprise and risk. Oxford Economic Papers, No. 7, March, pp. 21-25. https://www.jstor.org/stable/i325751 /*ref*/Stiglitz, J.; Weiss, A., (1981). Credit rationing in markets with imperfect information. The American Economic Review. Vol.71, no. 3, June, pp. 393-413. https://pages.ucsd.edu/~aronatas/project/academic/Stiglitz%20credit.pdf /*ref*/Tregear, M., (2020). Endogenous limitations to the bank financing of Mexican SMEs and deployment of public policies (2000-2015) Análisis Económico, vol. XXXV, núm. 90, septiembre-diciembre de 2020, pp. 117 – 146. https://www.redalyc.org/journal/413/41365966006/41365966006.pdf /*ref*/Uvarova, E., (2021). SMEs digital transformation in the EaP countries in COVID-19 time: Challenges and digital solutions. EaP CSF COVID-19 POLICY PAPER, Eastern Partnership Civil Society Forum, 64 pp. https://eap-csf.eu/wp-content/uploads/SMEs-digital-transformation-in-the-EaP-countries-during-COVID-19.pdf Derechos de autor 2023 Manuel Tregear https://creativecommons.org/licenses/by-nc-nd/4.0 |
| spellingShingle | Tregear, Manuel Public policies and financing for Mexican SMEs in the face of the Covid19 pandemic |
| title | Public policies and financing for Mexican SMEs in the face of the Covid19 pandemic |
| title_full | Public policies and financing for Mexican SMEs in the face of the Covid19 pandemic |
| title_fullStr | Public policies and financing for Mexican SMEs in the face of the Covid19 pandemic |
| title_full_unstemmed | Public policies and financing for Mexican SMEs in the face of the Covid19 pandemic |
| title_short | Public policies and financing for Mexican SMEs in the face of the Covid19 pandemic |
| title_sort | public policies and financing for mexican smes in the face of the covid19 pandemic |
| url | https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/4151 |