Abstract
COVID-19 and Movement Control Order (MCO) in Malaysia: Access to Financial and Social Capital for Microenterprise Sustainability
Highlights
COVID-19 outbreak has been causing hostile effects globally
Despite the stimulus packages provided by the government to cushion the impact on businesses, different microentrepreneurs have different experiences and capabilities to mitigate the negative impact of COVID-19
This study found the access to financial capital and social capital influence microentrepreneurs to undertake business strategies that can ensure their businesses sustain during the pandemic crisis
Summary
COVID-19 outbreak has been causing hostile effects globally. It marks the utmost challenges faced by everyone around the world. The virus was identified in Wuhan, China in December 2019, and in March 2020, World Health Organization (WHO) declares this outbreak as a pandemic following the increased cases of infected patients and fatalities in many countries. Malaysia is no exception to the COVID-19 outbreak where the increase of infection clusters has induced the government to take drastic action by implementing the Movement Control Order (MCO). Since 18 March 2020, the Government of Malaysia had imposed the first MCO (MCO1.0), which was implemented as a preventive measure to curb the spread of the virus. The primary purpose of implementing this measure is to prevent the spread of the COVID-19
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