Performance and Obstacles of SMEs: An Empirical Evidence from BRICS Countries

Authors

  • Madiha Noshad COMSATS University Islamabad, Lahore campus, Pakistan
  • Mariam Amjad COMSATS University Islamabad, Lahore campus, Pakistan
  • Muhammad Nouman Shafiq The Islamia University of Bahawalpur, Pakistan https://orcid.org/0000-0002-0241-494X
  • Seemab Gillani Quaid-i-Azam University Islamabad, Pakistan

DOI:

https://doi.org/10.52131/joe.2019.0101.0010

Keywords:

Performance, Obstacles, BRICS countries, Ordinary Least Square, SMEs

Abstract

This study empirically examines the performance and obstacles of SMEs in BRICS economies. For empirical evaluation, Ordinary Least Square technique has applied by taking the time period between “2000-2017”. Performance has taken as dependent variable and obstacles; firm characteristics and global factor have taken as explanatory variables. Estimated results show that ownership and size have a positive impact on SMEs growth and performance. Age has a negative and significant impact on the performance and growth of SMEs. Technology has a positive and significant impact on the performance of SMEs. Obstacles i.e. courts, crime, access to finance, practices of competitors and electricity has a negative and significant impact on the performance of SMEs. Access to land, infrastructure and workforce has a positive and significant impact on SMEs performance.  It becomes very important for the policymakers or investigators to pay attention towards making SMEs more competent, capable and productive in order to attain the goal of sustainable development and progress.

Author Biographies

Madiha Noshad, COMSATS University Islamabad, Lahore campus, Pakistan

M.Phil. Scholar

Mariam Amjad, COMSATS University Islamabad, Lahore campus, Pakistan

M.Phil. Scholar

Muhammad Nouman Shafiq, The Islamia University of Bahawalpur, Pakistan

M.Phil. Scholar, Department of Economics

Seemab Gillani, Quaid-i-Azam University Islamabad, Pakistan

M.Phil. Scholar, School of Economics

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Published

2019-12-31

How to Cite

Noshad, M., Amjad, M., Shafiq, M. N., & Gillani, S. (2019). Performance and Obstacles of SMEs: An Empirical Evidence from BRICS Countries. IRASD Journal of Economics, 1(2), 113–131. https://doi.org/10.52131/joe.2019.0101.0010