Understanding the business environment and structural issues that limit growth is critical when designing an effective national policy framework for private sector development-especially for micro, small, and medium-sized enterprises (MSMEs). Given the limited MSME data available, this paper...

The coronavirus disease (COVID-19) pandemic profoundly impacted people's lives, social activities, and businesses. It particularly affected micro, small, and medium-sized enterprises (MSMEs), which account for the vast majority of firms and most of the labor force. Compared to larger firms,...

This working paper assesses the economic impact of EIF-supported equity investments in the Lower Mid-Market (LMM) segment across Europe between 2007 and 2023. Using advanced causal inference techniques, the study compares over 1,700 investee firms with a matched control group to isolate the...

This working paper assesses the economic impact of EIF-supported equity investments in the Lower Mid-Market (LMM) segment across Europe between 2007 and 2023. Using advanced causal inference techniques, the study compares over 1,700 investee firms with a matched control group to isolate the...

The European Union's economic vitality heavily relies on small and medium-sized enterprises (SMEs), which drive innovation, productivity, and strategic technology dissemination. Despite their importance, SMEs face significant challenges, particularly in accessing finance, which limits their...

The coronavirus disease (COVID-19) pandemic disrupted businesses, economies, and societies worldwide. This study employs unique data from Indonesia to investigate whether and how digitalization of micro, small, and medium-sized enterprises (MSMEs) helped them weather the adverse shocks from the...

Limited data on micro, small, and medium-sized enterprises (MSMEs) make it difficult for governments to design appropriate MSME policies in Asia and the Pacific. To identify factors affecting MSME development and promote evidence-based policymaking, we propose a probabilistic principal component...

In spite of the devastating effects of COVID-19 on businesses, many SMEs have demonstrated resilience and continued on with their operations. This study investigates the determinants of SMEs’ business resilience in Malaysia and Indonesia, with a focus on the moderating factor of technology...

This paper aims to investigate government policy intervention for mitigating the impacts of COVID-19 on small and medium enterprises (SMEs). This paper has utilized a methodology comprising of bibliometrics, network, and content analyses on 831 documents extracted from the Scopus database to...

This study investigates the financing decisions within German SMEs, examining firm-specific, macroeconomic, and news-related determinants. Utilizing a 10-year dataset encompassing 13,051 SMEs, we employ a dynamic panel data model with an unbiased Dynamic Panel Fractional (DPF) estimator to...

Many companies have been and are implementing diversification to take advantage of capital, reduce risks, and increase revenue for enterprises. At the same time, government support is considered to have positive implications for companies. This study was conducted to assess the impact of...

The Russian invasion of Ukraine disrupted a V-shaped economic post-pandemic recovery in Central and West Asia. It affected global supply chains and slowed the region's growth momentum while adding inflationary pressures. Private businesses were adversely affected by the impact of the invasion...

Finance support and other forms of business support have been recognized as key factors in the entrepreneurial ecosystem in theoretical and empirical investigations. There is currently a knowledge gap regarding the combined impact of these two variables on the entrepreneurial ecosystem, even...

The purpose of this study is to describe and examine the development of SMEs in Ukraine and Indonesia based on productivity factors of SMEs development measured SMEs contribution to the country's GDP. The study is based on data from 2000 to 2014, on number of SMEs, contribution of SMEs to GDP,...

The EU's long-term prosperity depends on small and medium-sized enterprises (SMEs). The European Commission has taken bold action in support of SMEs, recognising the role they play in achieving the transition towards a green, digital and resilient economy. Relief to boost SME competitiveness...

The EU's long-term prosperity depends on small and medium-sized enterprises (SMEs). The European Commission has taken bold action in support of SMEs, recognising the role they play in achieving the transition towards a green, digital and resilient economy. Relief to boost SME competitiveness...

This is the first book in English that uses multiple data sources to comprehensively examine issues related to small and medium enterprise (SME) finance in Japan. The first feature of the book is that it empirically examines issues that are important not only for Japan but also for other...

Chapter 1: The Post-Apartheid Economic Transformation in Small Business Financing -- Chapter 2: Predictors of grant success for small and medium enterprises in South Africa -- Chapter 3: Social Justice Analysis of post-apartheid Policies for Black-owned Businesses -- Chapter 4: Departing from...

Despite high hopes for artificial intelligence (AI) to generate powerful innovations across the public sphere backed by its strong prediction skills, Korea has not fully brought the technologies into the public sector in tasks like identifying policy target groups and managing follow-up tasks in...

The Paycheck Protection Program (PPP) provided small businesses with roughly $800 billion dollars in uncollateralized, low-interest loans during the pandemic, almost all of which will be forgiven. With 93 percent of small businesses ultimately receiving one or more loans, the PPP nearly...

The expansion of enterprise level datasets has led to the emergence of a large body of literature on patterns of employment and job dynamics across different enterprise types. In the context of India, where MSMEs have been traditionally supported and encouraged by different policy initiatives to...

The COVID-19 pandemic has been a widespread and prolonged disruption to life in the U.S. since a national emergency was declared on March 13, 2020. Small businesses saw substantial revenue declines in the initial months. Expenses also declined commensurately, reflecting lower revenues as well as...

The government policy framework provides the roadmap that can be used to implement the enacted policies to support the performance of SMEs. The Zimbabwean government came up with sound policies that were deliberately crafted to improve the performance of SMEs, but the main challenge was on the...