Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/180417
Authors: 
Forth, John
Bryson, Alex
Year of Publication: 
2018
Series/Report no.: 
IZA Discussion Papers 11399
Abstract: 
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.
Subjects: 
SMEs
small and medium-sized enterprises
employment growth
high-growth firms
productivity
workplace closure
management practices
HRM
recession
JEL: 
L25
L26
M12
M52
M53
Document Type: 
Working Paper
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