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Management practices and SME performance

Bryson, A; Forth, J; (2019) Management practices and SME performance. Scottish Journal of Political Economy , 66 (4) pp. 527-558. 10.1111/sjpe.12209. Green open access

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Abstract

We examine the association between management practices and SME performance in Britain over the period 2011-2015, using a unique dataset which links survey data on management practices with firm performance data from the UK’s official business register. We find that SMEs are less likely to use formal management practices than larger firms. However, such practices appear to have demonstrable benefits for those SMEs who use them, being positively associated with firm survival, growth and productivity. Our results add further weight to policy initiatives which seek to encourage SMEs to improve their management skills and capabilities.

Type: Article
Title: Management practices and SME performance
Open access status: An open access version is available from UCL Discovery
DOI: 10.1111/sjpe.12209
Publisher version: https://doi.org/10.1111/sjpe.12209
Language: English
Additional information: This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions.
Keywords: SMEs, employment growth, HRM, workplace closure
UCL classification: UCL
UCL > Provost and Vice Provost Offices > School of Education
UCL > Provost and Vice Provost Offices > School of Education > UCL Institute of Education
UCL > Provost and Vice Provost Offices > School of Education > UCL Institute of Education > IOE - Social Research Institute
URI: https://discovery.ucl.ac.uk/id/eprint/10066848
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