Title:
THE IMPACT OF LEBANON’S ECONOMIC COLLAPSE ON COMMERCIAL SMES

Authors:
Elena Makdissi, Riad Makdissi and Selim Mekdessi

Abstract:
The objective of this research is to explore the effects of Lebanon's economic crisis on commercial SMEs across the country. A quantitative approach was employed, using a structured questionnaire distributed to 230 SME managers. The findings highlight the deep impacts of the crisis on operations, finances, and employee welfare. Despite efforts in cost reduction, diversification, and innovation, many SMEs faced severe challenges, including layoffs, salary cuts, and declining employee morale. The study concludes that while some firms reported slight financial improvements, the predominant effect of the crisis has been negative. This research contributes to a broader understanding of economic resilience in SMEs and offers recommendations for better financial management during periods of economic instability.