Publication
The relationships between business support, managerial practices and firm performance over time
Published: 30 October 2024
ERC Research paper No 114
Associated Themes
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Innovation -
Productivity and performance
This paper explores the links between business advice, government grants, managerial practices, and firm performance over time. The existing evidence generally points to a positive relationship between business advisory services and the provision of grants with firm performance. However, this research predominately focuses on short-term investigation, while we do not have detailed understanding of the mechanisms for how support impacts firm performance. To explore this, we explore the ways in which support impacts managerial practices and how these in turn influences performance. We analyse data from across five years of the Longitudinal Small Business Survey (2018-2022) to understand how business advice, government grants, or combined business support received in 2018 influences the managerial practices enacted by SMEs in 2019 and how this indirectly influences firm performance over time.
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