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Effects of Firm-Level Determinants on Export Performance of SMEs in Bangladesh
Over the last few decades, international business has experienced steady development all over the globe. Exporting aids the firms with renovations in business capacities which brings much better efficiency by producing extra sources (Chen et al., 2016).To raise the efficiency of SMEs, businesses need to recognize the way to boost their activities in the export market as exporting plays a crucial part to create higher values for them. With comparatively better performance in the export market, the business ultimately improves its efficiency all at once. Dealing with to attain better performance in the export market, SMEs bring added outcomes as well as resources which are extremely vital for their advancement.
For small and medium ventures (SMEs), export plays a major part to create better worth, and also thus, SMEs firms require to know the way to improve export performance and this will ultimately enhance the performance of most of the firms (Maurel, 2009). Identification of determinants, even more specifically, identification of the firm-level controlled determinants of better export performance of SMEs has ended up being critical.
In the economy of Bangladesh, the small and medium-sized enterprises (SMEs) are one of the most important pillars to its continuous developments. The role of SMEs sector is enormous to fulfil the country’s plan and actions to reduce the poverty. SMEs in Bangladesh made up more than 99% of economic sector industrial facilities and also developed job chances for 70%–80% of the non-agricultural workforce. The contributions of SMEs to the economy of Bangladesh are still negligible. The role of all SMEs to the GDP is only 20.25 percent in Bangladesh, whereas it stands at 80 percent in India, 60 percent in China and 69.50 percent in Japan. This paper studies export performance indicators of Bangladesh based SMEs, through a structured questionnaire.
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