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This paper examines the value effect of inventory investment on profitability for a large sample of UK SMEs over a ten-year period. Taking into account industry, firm and year effects, the results show that inventory investment is sensitive to SMEs access to finance. Inventory investment...
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SMEs play a crucial role for European economies. The numbers show the high importance of SMEs for national economies. Accordingly, it is no surprise that the regulatory framework SMEs are imbedded in is the subject of an important political discussion. In the discussion it is frequently...
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While many studies explain the correlation between firm-level productivity and export status entirely by better firms … to new clients. We show that small firms with a lot of outstanding trade credit expand sales the most following export … export market entry. …
Persistent link: https://www.econbiz.de/10011285628
Many studies have provided evidence that the correlation between firm-level productivity and export status is driven by … productivity performance after they enter the export market and start selling abroad. In this study, we provide evidence for one … sample would be able to raise productivity if they operated at a larger scale. Entering the export market enables these small …
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