Innovation, financing, and business management, factors that determine the resilience of MSMEs. An explanatory model with structural equations

Abstract

Current conditions force MSMEs to improve their ability to adapt with the intention of improving their performance and achieving a position in the market more easily. The objective of this article is to test whether business management, innovation, and access to finance impact on business resilience. The research method used is quantitative and uses as a statistical procedure the modelling of structural equations, with a sample of 1416 MSMEs.  The results confirm that business management, innovation and access to finance have a positive and significant impact on the adaptability of MSMEs.  Future research should focus on incorporating new factors that influence business resilience.