MEASUREMENTS AND INFLUENCING FACTORS OF PERFORMANCE FOR SMALL AND MEDIUM ENTERPRISES: A CRITICAL REVIEW

TL;DRAbstract

There is a large amount of literature on small and medium enterprises performance and related factors.  Broadly, empirical studies of such nature explore different factors individually or severally influence business performance.  In the case of small and medium enterprises a growing concern is expressed in many countries with regard to their survival and success.  Sri Lanka, as a developing country, also takes much interest in developing the small business sector as it contributes much to the economic development of the country.  However, as Edmunds (1979) stated in those early days, small companies have trouble surviving and their failure rates are high. Small and medium sized enterprises (SMEs) are viewed as a source of flexibility and innovation, and make a significant contribution to economies, both in terms of the number of SMEs and the proportion of the labour force employed by these firms.  Even in such situation, concerns are expressed in terms of their performance and many is

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