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Public policy and enterprise development

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Product Description

Guest Editors:

David Storey University of Sussex, Brighton, UK and Francis Greene
Warwick Business School, University of Warwick, Coventry, UK



Governments in all developed countries have a range of policies seeking to enhance the economic and social contribution of small businesses and to promote enterprise creation. A broad distinction can be drawn between those policies that are explicitly focussed on SMEs and entrepreneurs - micro policies - and more general- macro policies such as interest rates, immigration, competition, taxation etc. that influence SMEs and entrepreneurs but do not have them as their prime focus. The central distinction between macro and micro policy is that the Ministry responsible for small businesses has much greater influence over the micro than over the macro policies. The OECD Framework for the Evaluation of SME and Entrepreneurship Policies and Programmes, (2008) identified five micro policy areas: Developing of an 'enterprise culture'. Correcting 'market failure' in the access and provision of finance. Advice and assistance. Supporting technology and innovation. Supporting the entrepreneurial development of particular groups (e.g. women, ethnic minorities).

A feature of this title is a special topic section ‘Public Policy and Enterprise Development’ edited by Associate
Professor Francis Greene (University of Warwick) and Professor David Storey (University of Sussex). This section contains an editorial overview by Francis Greene and four international papers (from Australasia and Europe) on this contemporary topic.

The four papers provide valuable contributions to our understanding of the links between enterprise policy and enterprise development:

  • the neglected 'macro' issue of competition policy
  • differences between small firms and their owner-managers in how they respond to fair and unfair competition
  • a rigorous evaluation of a government-funded enterprise programme
  • lending structures of the US Small Business Administration and Germany's Kreditanstalt für Wiederaufbau

The link between enterprise policy and enterprise development is threadbare, partly because it rarely features in mainstream 'small business/entrepreneurship' research, and partly because of the plethora of enterprise policy programmes and partly because evaluation is immature.

This collection informs our insights into enterprise policy evaluation, its effectiveness and subsequent development.

The remaining section contains three papers sourced from a number of authors in Australia and New Zealand and covering a range of topics including: the perceived usefulness of succession planning; internationalization of wineries; and, entrepreneurial marketing.

Table of Contents

Guest Editorial: Enterprise policy and practice
Francis Greene, David Storey

Competition law, enforcement and the Australian small business sector
Michael T. Schaper

The competitive experience of UK SMEs: Fair and unfair
David Storey

Evaluation of a New Zealand business support programme using firm performance micro-data
Michele Morris, Philip Stevens

The goal achievement of federal lending programs
Matthias G. Raith, Thorsten Staak, Christoph Starke

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