The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.
What really happens to small and medium-sized enterprises in a global economic recession? UK evidence on sales and job dynamics
Open accessAbstract
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.
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Cites
The correlates of entrepreneurship in three types of firms
Miller, D. (1983) · Management Science · doi:10.1287/mnsc.29.7.770 · Cited by 5,853
Rauch, A., Wiklund, J., Lumpkin, G. T., & Frese, M. (2009) · Entrepreneurship Theory and Practice · doi:10.1111/j.1540-6520.2009.00308.x · Cited by 3,550
Measuring the performance of emerging businesses: a validation study
Chandler, G. N., & Hanks, S. H. (1993) · Journal of Business Venturing · doi:10.1016/0883-9026(93)90021-v · Cited by 728 · cited 1×
“…other hand, older firms may also suffer from the owners’ lower commitment and involvement compared to young firms (Churchill and Lewis, 1983), so a firm’s performance is usually found to be diminishing as the firm ages (Chandler and Hanks, 1993 and 1994; Durand and Coeurderoy, 2001; Nunes, 2013).”
Tang, J., Tang, Z., Marino, L. D., Zhang, Y., & Li, Q. (2008) · Entrepreneurship Theory and Practice · doi:10.1111/j.1540-6520.2007.00223.x · Cited by 426
Cited by
How Does Financial Literacy Promote Sustainability in SMEs? A Developing Country Perspective
Ye, J., & Kulathunga, K. (2019) · Sustainability · doi:10.3390/su11102990 · Cited by 312
What do we know about entrepreneurial finance and its relationship with growth?
Fraser, S., Bhaumik, S. K., & Wright, M. (2015) · International Small Business Journal: Researching Entrepreneurship · doi:10.1177/0266242614547827 · Cited by 293
Lu, Y., Wu, J., Peng, J., & Lu, L. (2020) · Environmental Hazards · doi:10.1080/17477891.2020.1763902 · Cited by 293
Economic resilience and entrepreneurship: lessons from the Sheffield City Region
Williams, N., & Vorley, T. (2014) · Entrepreneurship & Regional Development · doi:10.1080/08985626.2014.894129 · Cited by 272
Soluk, J., Decker-Lange, C., & Hack, A. (2023) · Technological Forecasting and Social Change · doi:10.1016/j.techfore.2023.122490 · Cited by 73
Metadata
- Authors
- Cowling, M., Liu, W., Ledger, A., & Zhang, N.
- Venue
- International Small Business Journal: Researching Entrepreneurship
- Publisher
- SAGE Publications
- Published
- 2014-01-13
- Volume
- 33
- Issue
- 5
- Pages
- 488-513
- ISSN
- 0266-2426 (ISSN-L)
- 1741-2870
- OpenAlex
- W2111075357
- Cited by
- 249
- References
- 4
- FWCI
- 30.33
- Type
- journal article
- Language
- en
- Open access
- green
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- Cowling, M., Liu, W., Ledger, A., & 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: Researching Entrepreneurship. https://doi.org/10.1177/0266242613512513
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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