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Evaluating the effect of soft business support upon small firm performance
journal contribution
posted on 2023-06-08, 10:05 authored by Colin Wren, David StoreyThe paper applies robust econometric techniques to assess the impact of publicly-provided subsidised 'soft' business support on the performance of small and medium-sized enterprises (SMEs). It considers the assistance for consultancy advice provided towards marketing under the UK Enterprise Initiative, looking at its effect on sales turnover, employment and survival, and making explicit allowance for selection effects. It is found that the policy has no impact on the survival of smaller SMEs, and that it is most effective in the mid-range SMEs, where it raises survival rates by about 4% over the longer run and growth rates in surviving firms by up to 10% per annum. Overall, the scheme has a substantial impact, but the paper draws attention to the possible displacement effects.
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Publication status
- Published
Journal
Oxford Economic PapersISSN
00307653External DOI
Issue
2Volume
54Page range
334-365Department affiliated with
- Business and Management Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2012-02-06Usage metrics
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