What really happens to small and medium-sized enterprises in a global economic recession? UK evidence on sales and job dynamics

By Marc Cowling, Weixi Liu, Andrew Ledger, Ning Zhang. 2015

241 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Management of Technology and Innovation

View Paper: https://www.semanticscholar.org/paper/f26400c440c83f60d7f14b7169a93edd1988152d

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Citations in the corpus

The Effects of Corporate Social Responsibility Practices and Environmental Factors through a Moderating Role of Social Media Marketing on Sustainable Performance of Firms’ Operating in Multan, Pakistan (2019, background): “However, previous studies neglected the benefit of online networking for small firms’/SMEs’ performance [104,111,112], and these firms are the economic engines of several countries worldwide [36].”
More than money: Developing an integrative multi-factorial measure of entrepreneurial success (2016, background): “…growth ambitions of entrepreneurs in the United Kingdom changed from high growth desire in the beginning of the 2008 recession to more realistic views during the crisis (Cowling et al., 2014), but it is unknown whether others, for example, social success criteria, might have grown in importance.”
How Does Financial Literacy Promote Sustainability in SMEs? A Developing Country Perspective (2019, background): “Lusardi and Mitchell [23] revealed that financial literacy is key to preparation of loan applications and to convincing bankers during a client interview; good financial literacy enables SMEs to meet the challenges of changes in the business and financial markets [24,25].”
What do we know about entrepreneurial finance and its relationship with growth? (2015, background): “Following the financial crisis, many economies have seen a significant decline in both debt and equity finance flows to small and medium-sized enterprises (SMEs) (Cowling et al., 2012) and with an associated negative impact on firm performance (Cowling et al., 2014).”
The moderating influence of financial literacy on the relationship between access to finance and firm growth in Ghana (2016, background): “Given the recent economic crisis combined with an increasingly complex financial system, and the associated negative impact on firm growth (Cowling et al. 2015), financial literacy of entrepreneurs seems especially crucial.”
Crowdfunding: Motives, Definitions, Typology and Ethical Challenges (2016, background): “For centuries, attracting outside capital to ﬁnance a project or entrepreneurial initiative has mostly depended on the conventional fund providers, such as banks, venture capitalists, government agencies, and foundations (Cowling et al. 2015; Xiang, Worthington, and Higgs 2014).”
Did firm age, experience, and access to finance count? SME performance after the global financial crisis (2018, methodology): “5 Lagged performance is only available when using the Barometer data set. dropped by 1 percentage point whilst sales performance increases to 0.1 per cent, but still significantly below the pre-recession level of 5.2 per cent (Cowling et al., 2015).”
Much Ado about Nothing? The Surprising Persistence of Nascent Entrepreneurs through Macroeconomic Crisis (2016, background): “Recent research also suggests that small firms affected adversely by the GFC bounced back quickly (Cowling et al., 2014).”
Innovative Finance, Technological Adaptation and SMEs Sustainability: The Mediating Role of Government Support during COVID-19 Pandemic (2021, background): “, proprietary equipment and location) are essential to success and development in particular businesses, such as manufacturing or retail firms [37].”
Economic resilience and entrepreneurship: lessons from the Sheffield City Region (2014, background): “Such external shocks can present opportunities if entrepreneurs and firms can innovate as they can take advantage of periods of economic and market disequilibrium (Cowling et al. 2014).”