After Effects and Financial Management of COVID-19 Lockdowns in Small Businesses: A Quantitative Study of Micro-Retailers in Lahore, Pakistan

Umair Shahzad; Ali Rizwan Hashmi

doi:doi:10.11648/j.ajtab.20230901.11

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After Effects and Financial Management of COVID-19 Lockdowns in Small Businesses: A Quantitative Study of Micro-Retailers in Lahore, Pakistan

Umair Shahzad, Ali Rizwan Hashmi

Published in American Journal of Theoretical and Applied Business (Volume 9, Issue 1)

Received: 3 April 2023 Accepted: 20 April 2023 Published: 10 May 2023

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Abstract

The global pandemic COVID-19 has influenced the entire world and different routines of life. This research is based on the problem indicating has COVID-19 lockdown effected the financial management of small businesses or not. This quantitative research analyzes the significance of COVID-19 lockdowns in affecting small businesses for micro-retailers in Lahore, Pakistan. Theory of financial crisis and Theory Y are used to test the hypotheses. Here dependent variables to check the results of this research are reserve and ready cash, sales and mobile/ecommerce because it has diversity of options to view the needs of the micro-retailers and strong facts for financial management. Data was collected from the micro-retailers belonging to three different fields of small businesses of Lahore Pakistan. The questionnaire responses are taken by the relevant micro-retailers. Descriptive analysis, independent sample t-test and one-way analysis of variance are used to test the data. The findings show that COVID-19 lockdowns have adversely effected cloth and mobile/electronics micro-retailers and less the food/grocery retailers up to the extent that reserve and ready cash is becoming short, sales average has declined and micro-retailers do not have much awareness of mobile/ecommerce ways to keep up with the financial management for a living.

Published in	American Journal of Theoretical and Applied Business (Volume 9, Issue 1)
DOI	10.11648/j.ajtab.20230901.11
Page(s)	1-16
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2023. Published by Science Publishing Group

Keywords

COVID-19 Lockdown, Theory of Financial Crisis, Theory Y, Micro-Retailers, Ecommerce, Online Shopping, Financial Management, COVID-19 After Effects and Businesses

References

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APA Style

Umair Shahzad, Ali Rizwan Hashmi. (2023). After Effects and Financial Management of COVID-19 Lockdowns in Small Businesses: A Quantitative Study of Micro-Retailers in Lahore, Pakistan. American Journal of Theoretical and Applied Business, 9(1), 1-16. https://doi.org/10.11648/j.ajtab.20230901.11

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ACS Style

Umair Shahzad; Ali Rizwan Hashmi. After Effects and Financial Management of COVID-19 Lockdowns in Small Businesses: A Quantitative Study of Micro-Retailers in Lahore, Pakistan. Am. J. Theor. Appl. Bus. 2023, 9(1), 1-16. doi: 10.11648/j.ajtab.20230901.11

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AMA Style

Umair Shahzad, Ali Rizwan Hashmi. After Effects and Financial Management of COVID-19 Lockdowns in Small Businesses: A Quantitative Study of Micro-Retailers in Lahore, Pakistan. Am J Theor Appl Bus. 2023;9(1):1-16. doi: 10.11648/j.ajtab.20230901.11

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@article{10.11648/j.ajtab.20230901.11,
  author = {Umair Shahzad and Ali Rizwan Hashmi},
  title = {After Effects and Financial Management of COVID-19 Lockdowns in Small Businesses: A Quantitative Study of Micro-Retailers in Lahore, Pakistan},
  journal = {American Journal of Theoretical and Applied Business},
  volume = {9},
  number = {1},
  pages = {1-16},
  doi = {10.11648/j.ajtab.20230901.11},
  url = {https://doi.org/10.11648/j.ajtab.20230901.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajtab.20230901.11},
  abstract = {The global pandemic COVID-19 has influenced the entire world and different routines of life. This research is based on the problem indicating has COVID-19 lockdown effected the financial management of small businesses or not. This quantitative research analyzes the significance of COVID-19 lockdowns in affecting small businesses for micro-retailers in Lahore, Pakistan. Theory of financial crisis and Theory Y are used to test the hypotheses. Here dependent variables to check the results of this research are reserve and ready cash, sales and mobile/ecommerce because it has diversity of options to view the needs of the micro-retailers and strong facts for financial management. Data was collected from the micro-retailers belonging to three different fields of small businesses of Lahore Pakistan. The questionnaire responses are taken by the relevant micro-retailers. Descriptive analysis, independent sample t-test and one-way analysis of variance are used to test the data. The findings show that COVID-19 lockdowns have adversely effected cloth and mobile/electronics micro-retailers and less the food/grocery retailers up to the extent that reserve and ready cash is becoming short, sales average has declined and micro-retailers do not have much awareness of mobile/ecommerce ways to keep up with the financial management for a living.},
 year = {2023}
}

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TY  - JOUR
T1  - After Effects and Financial Management of COVID-19 Lockdowns in Small Businesses: A Quantitative Study of Micro-Retailers in Lahore, Pakistan
AU  - Umair Shahzad
AU  - Ali Rizwan Hashmi
Y1  - 2023/05/10
PY  - 2023
N1  - https://doi.org/10.11648/j.ajtab.20230901.11
DO  - 10.11648/j.ajtab.20230901.11
T2  - American Journal of Theoretical and Applied Business
JF  - American Journal of Theoretical and Applied Business
JO  - American Journal of Theoretical and Applied Business
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AB  - The global pandemic COVID-19 has influenced the entire world and different routines of life. This research is based on the problem indicating has COVID-19 lockdown effected the financial management of small businesses or not. This quantitative research analyzes the significance of COVID-19 lockdowns in affecting small businesses for micro-retailers in Lahore, Pakistan. Theory of financial crisis and Theory Y are used to test the hypotheses. Here dependent variables to check the results of this research are reserve and ready cash, sales and mobile/ecommerce because it has diversity of options to view the needs of the micro-retailers and strong facts for financial management. Data was collected from the micro-retailers belonging to three different fields of small businesses of Lahore Pakistan. The questionnaire responses are taken by the relevant micro-retailers. Descriptive analysis, independent sample t-test and one-way analysis of variance are used to test the data. The findings show that COVID-19 lockdowns have adversely effected cloth and mobile/electronics micro-retailers and less the food/grocery retailers up to the extent that reserve and ready cash is becoming short, sales average has declined and micro-retailers do not have much awareness of mobile/ecommerce ways to keep up with the financial management for a living.
VL  - 9
IS  - 1
ER  -

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Author Information

Umair Shahzad

Department of Mass Communication, Superior University, Lahore, Pakistan
Ali Rizwan Hashmi

Department of Mass Communication, Superior University, Lahore, Pakistan

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APA Style

Umair Shahzad, Ali Rizwan Hashmi. (2023). After Effects and Financial Management of COVID-19 Lockdowns in Small Businesses: A Quantitative Study of Micro-Retailers in Lahore, Pakistan. American Journal of Theoretical and Applied Business, 9(1), 1-16. https://doi.org/10.11648/j.ajtab.20230901.11

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ACS Style

Umair Shahzad; Ali Rizwan Hashmi. After Effects and Financial Management of COVID-19 Lockdowns in Small Businesses: A Quantitative Study of Micro-Retailers in Lahore, Pakistan. Am. J. Theor. Appl. Bus. 2023, 9(1), 1-16. doi: 10.11648/j.ajtab.20230901.11

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AMA Style

Umair Shahzad, Ali Rizwan Hashmi. After Effects and Financial Management of COVID-19 Lockdowns in Small Businesses: A Quantitative Study of Micro-Retailers in Lahore, Pakistan. Am J Theor Appl Bus. 2023;9(1):1-16. doi: 10.11648/j.ajtab.20230901.11

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@article{10.11648/j.ajtab.20230901.11,
  author = {Umair Shahzad and Ali Rizwan Hashmi},
  title = {After Effects and Financial Management of COVID-19 Lockdowns in Small Businesses: A Quantitative Study of Micro-Retailers in Lahore, Pakistan},
  journal = {American Journal of Theoretical and Applied Business},
  volume = {9},
  number = {1},
  pages = {1-16},
  doi = {10.11648/j.ajtab.20230901.11},
  url = {https://doi.org/10.11648/j.ajtab.20230901.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajtab.20230901.11},
  abstract = {The global pandemic COVID-19 has influenced the entire world and different routines of life. This research is based on the problem indicating has COVID-19 lockdown effected the financial management of small businesses or not. This quantitative research analyzes the significance of COVID-19 lockdowns in affecting small businesses for micro-retailers in Lahore, Pakistan. Theory of financial crisis and Theory Y are used to test the hypotheses. Here dependent variables to check the results of this research are reserve and ready cash, sales and mobile/ecommerce because it has diversity of options to view the needs of the micro-retailers and strong facts for financial management. Data was collected from the micro-retailers belonging to three different fields of small businesses of Lahore Pakistan. The questionnaire responses are taken by the relevant micro-retailers. Descriptive analysis, independent sample t-test and one-way analysis of variance are used to test the data. The findings show that COVID-19 lockdowns have adversely effected cloth and mobile/electronics micro-retailers and less the food/grocery retailers up to the extent that reserve and ready cash is becoming short, sales average has declined and micro-retailers do not have much awareness of mobile/ecommerce ways to keep up with the financial management for a living.},
 year = {2023}
}

Copy | Download

TY  - JOUR
T1  - After Effects and Financial Management of COVID-19 Lockdowns in Small Businesses: A Quantitative Study of Micro-Retailers in Lahore, Pakistan
AU  - Umair Shahzad
AU  - Ali Rizwan Hashmi
Y1  - 2023/05/10
PY  - 2023
N1  - https://doi.org/10.11648/j.ajtab.20230901.11
DO  - 10.11648/j.ajtab.20230901.11
T2  - American Journal of Theoretical and Applied Business
JF  - American Journal of Theoretical and Applied Business
JO  - American Journal of Theoretical and Applied Business
SP  - 1
EP  - 16
PB  - Science Publishing Group
SN  - 2469-7842
UR  - https://doi.org/10.11648/j.ajtab.20230901.11
AB  - The global pandemic COVID-19 has influenced the entire world and different routines of life. This research is based on the problem indicating has COVID-19 lockdown effected the financial management of small businesses or not. This quantitative research analyzes the significance of COVID-19 lockdowns in affecting small businesses for micro-retailers in Lahore, Pakistan. Theory of financial crisis and Theory Y are used to test the hypotheses. Here dependent variables to check the results of this research are reserve and ready cash, sales and mobile/ecommerce because it has diversity of options to view the needs of the micro-retailers and strong facts for financial management. Data was collected from the micro-retailers belonging to three different fields of small businesses of Lahore Pakistan. The questionnaire responses are taken by the relevant micro-retailers. Descriptive analysis, independent sample t-test and one-way analysis of variance are used to test the data. The findings show that COVID-19 lockdowns have adversely effected cloth and mobile/electronics micro-retailers and less the food/grocery retailers up to the extent that reserve and ready cash is becoming short, sales average has declined and micro-retailers do not have much awareness of mobile/ecommerce ways to keep up with the financial management for a living.
VL  - 9
IS  - 1
ER  -

Copy | Download