Arbeitspapier

The Impact of Management Practices on SME Performance

We examine the impact of management practices on firm performance among SMEs in Britain over the period 2011-2014, 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, but that such practices have demonstrable benefits for those who use them, helping firms to grow and increasing their productivity. The returns are most apparent for those SMEs that invest in human resource management practices, such as training and performance-related pay, and those that set formal performance targets.

Sprache
Englisch

Erschienen in
Series: IZA Discussion Papers ; No. 11399

Klassifikation
Wirtschaft
Firm Performance: Size, Diversification, and Scope
Entrepreneurship
Personnel Management; Executives; Executive Compensation
Personnel Economics: Compensation and Compensation Methods and Their Effects
Personnel Economics: Training
Thema
SMEs
small and medium-sized enterprises
employment growth
high-growth firms
productivity
workplace closure
management practices
HRM
recession

Ereignis
Geistige Schöpfung
(wer)
Forth, John
Bryson, Alex
Ereignis
Veröffentlichung
(wer)
Institute of Labor Economics (IZA)
(wo)
Bonn
(wann)
2018

Handle
Letzte Aktualisierung
20.09.2024, 08:21 MESZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Forth, John
  • Bryson, Alex
  • Institute of Labor Economics (IZA)

Entstanden

  • 2018

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