This paper examines the relationships between firm age and entrepreneurs experience on SME performance after the 2008/09 global financial crisis. We find that in general the crisis had a long-lasting scarring effect on the SME sector, but there is evidence of some recovery in performance. Interestingly, the well-established, and negative, firm age-growth relationship still holds, but entrepreneurial experience did not have any substantive effects on small business performance. Our findings suggest that the severity of the crisis meant that previous entrepreneur experiences had little value in this unique and uncertain environment. However, young firms still accounted for a disproportionately high share of growth, especially among the fastest growing firms.
- Entrepreneurs experience
- Financial crisis
- Firm age
- Job dynamics
- Sales dynamics
ASJC Scopus subject areas
- Business, Management and Accounting(all)
- Economics and Econometrics
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- Management - Lecturer (Assistant Professor)
- Accounting, Finance & Law
- Centre for Research in Entrepreneurship and Innovation at Bath
Person: Research & Teaching