Exploring the performance of small- and medium-sized enterprises through the credit crunch

Exploring the performance of small- and medium-sized enterprises through the credit crunch

0.00 Avg rating0 Votes
Article ID: iaor201525796
Volume: 66
Issue: 4
Start Page Number: 657
End Page Number: 663
Publication Date: Apr 2015
Journal: Journal of the Operational Research Society
Authors: , ,
Keywords: performance, government
Abstract:

Small‐ and medium‐sized enterprises (SMEs) are major contributors to most western economies. They are often supported by government policies, and in the UK the government encourages banks to lend to them. It is generally believed that the credit crunch has had an impact on the performance of SMEs. This study looks at the impact of the crunch using large samples from 2007 through to 2010. It looks at performance by region, age and industrial sector (SIC code). It then proceeds to explore the modelling of default over the years, with a focus on young businesses. It was found that there is a degree of stability within the models, though the level of default varies across years. Young businesses, as has been found before, are shown to be more vulnerable.

Reviews

Required fields are marked *. Your email address will not be published.