Steadfast in crisis: Can Islamic finance enhance Cameroonian SMEs' resilience strategies against the COVID-19 pandemic and the Russia/Ukraine war?

被引：0
作者：
Haruna, Ali [1 ,2 ]
Sahel, Wissal [3 ]
Wirajing, Muhamadu Awal Kindzeka [1 ]
Herman, Poutong Rais [1 ]
机构：
[1] Univ Dschang, Dschang, Cameroon
[2] PKFokam Inst Excellence, Yaounde, Cameroon
[3] Mohammed V Univ, Rabat, Morocco
来源：
BORSA ISTANBUL REVIEW | 2025年 / 25卷 / 03期
关键词：
Islamic finance; SME resilience; Crises; BANKING; CHALLENGES; INNOVATION; ADOPTION; FIRM;
D O I：
暂无
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This study examines the effects of Islamic finance on the resilience of Cameroonian SMEs during the COVID-19 pandemic and the Russia-Ukraine war. Analyzing data from 1358 SMEs using a multivariate probit model, we find that Islamic finance significantly boosts strategies like online marketing, new raw material sourcing, and product development. Mediation analysis shows these effects are direct and mediated through increased R&D expenditure. The results highlight Islamic finance's role in enhancing SME resilience and urge policymakers to improve the accessibility and adoption of Islamic finance products. This can be achieved by integrating Islamic finance education into SME support programs and supporting the development of Islamic finance operations to foster entrepreneurship and economic resilience.
引用
收藏
页码：633 / 647
页数：15
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