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42 CERTIFIED MANAGEMENT ACCOUNTANT

IMPACT OF COVID-19

ON VENTURE CAPITAL IN
SMALL AND MEDIUM-SIZED

ENTERPRISES -

CRITICAL PERSPECTIVE

Sivanathan Sivaruban
MBA (Aus), FCMA, B. Com (Spl), CPA PNG, HNDA, MAAT,
Senior Lecturer –International Training Institute, Port Moresby, Papua New Guinea

Abstract
The COVID-19 pandemic has equity for SMEs as a start-up business. capital impacts for SMEs from the
dramatically remodeled the country’s This study explores how SMEs and COVID-19 perspective. This paper will
economy toward small and medium- venture capital have been halted by include the following logical sequence:
sized enterprises (SME). The economic the COVID-19 pandemic. This study introduction, literature review,
growth of each developing country has further highlighted the practical methodology, changes in venture
is now mostly influenced by SMEs. implications of venture capital in the capital investment, the new dimension
Supporting SMEs is one of the most crisis. The methodological tool of model in venture capital investment,
important driving forces in developing the research method is a descriptive and the conclusion of the study. The
the country’s economy to accelerate analysis that was conducted without outcome of the study can enlighten
growth and become self-sufficient. an empirical study. The main aim of the existing literature review in venture
Venture capital is the main source of the study is to investigate venture capital of SMEs. However, the COVID-19

www.cma-srilanka.org | Volume 06 - No. 2 - September 2021