SMEs’ Performance: Financial Incentives and Governance

Noor, Rohaya Md; Shuid, Siti Hawa; Shamsudin, Siti Marlia; Hussin, Siti Nor Adawiah

doi:10.1007/978-981-10-0036-2_11

Cited by 2 publications

(1 citation statement)

References 16 publications

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“…Countries have therefore made great efforts to provide support for SMEs and have shown their own policy measures. After years of practice, financial policies of SMEs [ 1 – 3 ]), tax incentives [ 4 , 5 ] and subsidies [ 6 , 7 ] and other fiscal policies have been proven to impact to different extents in various countries.…”

Section: Introductionmentioning

confidence: 99%

Can SMEs benefit equally from supportive policies in China?

Zhang

Wang

2023

PLoS ONE

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This paper applies quantitative and narrative approaches to fiscal and financial policies of Chinese small and medium enterprises (SMEs) in order to study the support effect of macro policies on micro enterprises. As the first researchers to focus on the firm heterogeneity of SMEs’ policy effects, we show that the “flood irrigation” supportive policies for SMEs have not achieved the expected “help the weaker” effect. Non-state-owned SMEs and small(micro) enterprises have a low sense of policy gain, which is contrary to some “positive” research conclusions from China. The mechanism study found that “ownership” and “scale” discrimination suffered by non-state-owned and small(micro) enterprises in the financing process are key. We suggest the supportive policies for SMEs should shift from “flood” to “precise drip” irrigation. The policy benefits of non-state-owned, small and micro enterprises need to be emphasized. More targeted policies need to be studied and provided. Our findings shed new light on the formulation of supportive policies for SMEs.

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