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

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    Authors
    Cowling, M
    Liu, W
    Ledger, A
    Zhang, N.
    Affiliation
    University of Brighton
    Issue Date
    13/01/2014
    
    Metadata
    Show full item record
    Abstract
    This article uses UK data to consider how small and medium-sized enterprises (SMEs)1 coped during the recent financial crisis. This is important, as SMEs are major contributors to job creation, but are vulnerable to falling demand. It finds that 4 in 10 SMEs experienced a fall in employment during the recession, and 5 in 10 experienced a fall in sales. Within 12 months of the recession, three-quarters of entrepreneurs had a desire to grow. This suggests that while the immediate effects of recession are severe, entrepreneurs recover quite quickly. Importantly, the analysis found that recessionary growth is hugely concentrated among entrepreneurs with the highest human capital.
    Citation
    Cowling, M., Liu, W., Ledger, A. and Zhang, N., (2015). 'What really happens to small and medium-sized enterprises in a global economic recession? UK evidence on sales and job dynamics'. International Small Business Journal, 33(5), pp.488-513. DOI: 10.1177/0266242613512513
    Publisher
    Sage
    Journal
    International Small Business Journal: Researching Enterperneurship
    URI
    http://hdl.handle.net/10545/624066
    DOI
    10.1177/0266242613512513
    Additional Links
    https://journals.sagepub.com/doi/10.1177/0266242613512513
    Type
    Article
    Language
    en
    ISSN
    2662426
    EISSN
    17412870
    ae974a485f413a2113503eed53cd6c53
    10.1177/0266242613512513
    Scopus Count
    Collections
    Derby Business School

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