Investigating the Relationship Between Financial Constraint and Growth of SMEs in South Eastern Europe

Nizaeva, Mirgul; Çoşkun, Ali

doi:10.1177/2158244019876269

Cited by 26 publications

(27 citation statements)

References 54 publications

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“…Their results highlighted that several macroeconomic indicators influence employment in SMEs. Other papers [6,7] analysed the effects of financial constraints on samples of SMEs from countries in Southeastern Europe and pointed out that good access to finance is among the main factors that help SMEs grow. Access to finance also plays an important role in tax avoidance among enterprises.…”

Section: Literature Reviewmentioning

confidence: 99%

Tax Payment and the Performance of SMEs: A Longitudinal Analysis on EU Countries

et al. 2023

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Small and medium enterprises (SMEs) are considered the engine of any economy and actively contribute to the economic growth of countries. For this reason, there are concerns regarding the identification of the factors that influence the activity of SMEs and, in particular, how they manage to adapt and obtain better performance in a constantly changing economic environment. The tax burden is high and discouraging for many enterprises, so we aimed to analyse the relationship between the taxes imposed on SMEs and their performance. Thus, the main purpose of our study was to analyse the relationship between the taxes paid by SMEs and their performance. The period of analysis consisted of the 14 years between 2008 and 2021. The analysed sample comprised the 27 member countries of the European Union. To test the relationship, we used panel data methods, and we considered two indicators that measure the performance of SMEs as dependent variables and indicators that measure the taxes paid by businesses as independent variables. For a more in-depth analysis, we used clusters of countries. The main results show that the taxes that SMEs have to pay are seen as obstacles in the way of improving performance. Moreover, the relationship between taxes and the performance of SMEs depends on the specifics of the economy of the country.

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Section: Literature Reviewmentioning

confidence: 99%

Tax Payment and the Performance of SMEs: A Longitudinal Analysis on EU Countries

et al. 2023

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“…Their findings suggest that firm age has a moderating effect on firm growth. Among studies of developing countries, Arkolakis et al (2018), Nizaeva and Coskun (2019), and Yang and Tsou (2020) provide evidence that firm age has a negative relationship with growth rate. Trinh and Doan (2018) and Simbana-Taipe et al (2018) show that firm age has a negative effect on firm growth in all quantiles of the growth distribution in their studies of developing markets based on quantile regression.…”

Section: Firm-level Determinants Of Firm Growthmentioning

confidence: 99%

Drivers of SME Growth: Quantile Regression Evidence From Developing Countries

Erdogan

2023

Sage Open

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This study explores the determinants of firm growth rate for small and medium-sized enterprises (SMEs) in different quantiles of the conditional growth rate distribution using data from World Bank Enterprise Surveys (WBES) covering 80 developing and emerging markets. It contributes to the literature by providing evidence of the effects of insufficiently investigated factors on firm growth. It also examines the impacts on firm growth of certain factors for which there is conflicting empirical evidence. Our quantile regression results show that firm age is negatively associated with firm growth rate throughout the entire distribution, except the lower tail. Firm size has a negative effect on growth rate in the upper tail of the distribution. We also find that the industry experience of the top manager positively impacts the growth rate only in the upper-middle range of the distribution. Product innovation positively affects firm growth rate from the lower-middle range to the highest quantile of the growth distribution. Additionally, we provide evidence that process innovation has a positive relationship with growth in the middle quantiles. SMEs that see access to financing as a more severe obstacle to their operations have lower growth rates throughout almost the entire growth distribution.

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“…Organizational factors, e.g. size and structure (Martins, Oliveira and Thomas, 2015), and financial commitment (Nizaeva and Coskun, 2019) significantly influence the adoption of ecommerce. Size and structure are related to a firm's internal ability to provide the financial and structural resources to run their departments through technology (Rahayu and Day, 2015).…”

Section: Organizational Dimensionmentioning

confidence: 99%

Dynamic contextual factors, individual agency and adoption of e-commerce in SMEs

Nazir¹,

Khan²

2023

JOSI

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This article provides an explanation of how dynamic contextual factors and individual agency influence the adoption of electronic commerce (e-commerce) in small and medium-sized enterprises (SMEs) in Pakistan. Eight multiple qualitative case studies were undertaken, involving 24 face-to-face semi-structured interviews and were thematically analysed using NVivo. This study found that the Technology-Organization-Environment (TOE) factors and additional extended micro-level (individual agency) factors strongly influenced the adoption of e-commerce practices by the managers of Pakistani SMEs. Managers need to address factors such as digital readiness, recruiting of skilled ICT expertise, reluctance of customers to switch their preference from traditional business selling methods to e-commerce, obtaining government and local institutional support, and recognizing the characteristics and individual agency of their owner-managers. On top of these factors, there is a strong need to improve the Information and communication technology (ICT) infrastructure in order for manager to prepare for and to embrace the e-commerce practices in their respective companies. This article extends Tornatzky and Fleischer’s TOE framework by adding the micro-level context of individual agency. Additionally, this article proposes practical implications for policymakers, governments, and local business support agencies.

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Investigating the Relationship Between Financial Constraint and Growth of SMEs in South Eastern Europe

Cited by 26 publications

References 54 publications

Tax Payment and the Performance of SMEs: A Longitudinal Analysis on EU Countries

Tax Payment and the Performance of SMEs: A Longitudinal Analysis on EU Countries

Drivers of SME Growth: Quantile Regression Evidence From Developing Countries

Dynamic contextual factors, individual agency and adoption of e-commerce in SMEs

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