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Making SMEs and start-ups a driver of growth and job creation requires a number of policies to improve the performance … of SMEs, whose labour productivity in the manufacturing sector has fallen to less than a third of that in large companies …. The large-scale support for SMEs should shift from supporting the survival of firms to raising productivity. Measures to …
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depends on making SMEs, which account for 87% of employment, more dynamic. The productivity gap between large firms and SMEs …, which benefit from a wide range of public support, is widening. SME policies should be streamlined and improved to promote … SMEs. …
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Using a sample of 1,593 US firms that go public between 1990 and 2007, we find that VC-backed IPOs experience less financial distress risk post-offering than do comparable non-VC-backed IPOs. After controlling for endogeneity, we find this is related to the screening done by VC-investors, who...
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