SME perceptions of and responses to the recession

Price, Liz and Rae, David and Cini, Veronica (2013) SME perceptions of and responses to the recession. Journal of Small Business and Enterprise Development, 20 (3). pp. 484-502. ISSN 1462-6004

Full content URL: http://dx.doi.org/10.1108/JSBED-04-2013-0057

Documents
SME Perceptions of and Responses to the Recession
Drawing on an online bi-monthly survey of SMEs in Lincolnshire and Rutland, this paper explores owner managers’ perceptions of the UK recession. We examine the views of businesses on various aspects of the recession, and how this has affected business performance, levels of confidence, and growth ambitions. The paper explores the role of business confidence in the economy as a determinant of business growth intentions, and draws a comparison between perceptions and behaviour.
[img]
[Download]
[img]
Preview
PDF
Price_Rae_Cini_JSBED-for_repository.pdf - Whole Document

96kB
Item Type:Article
Item Status:Live Archive

Abstract

The UK has recently experienced the worst recession since the 1930s. Despite the severity of this recent recession, there are currently few studies of its effect on small and medium-sized enterprises (SMEs). However, small business growth and entrepreneurship are recognised as essential drivers for economic recovery (Matlay, 2012; Rae, 2010). Drawing on an online bi-monthly survey of SMEs in Lincolnshire and Rutland, this paper explores owner managers’ perceptions of the UK recession. We examine the views of businesses on various aspects of the recession, and how this has affected business performance, levels of confidence, and growth ambitions. The paper explores the role of business confidence in the economy as a determinant of business growth intentions, and draws a comparison between perceptions and behaviour.

Keywords:SMEs, recession, Growth, Small businesses
Subjects:N Business and Administrative studies > N100 Business studies
L Social studies > L113 Economic Policy
Divisions:Lincoln International Business School
ID Code:7653
Deposited On:25 Feb 2013 17:23

Repository Staff Only: item control page