The Effects Of Global Crisis On Smes: The Case Of Karaman Manufacturing Industry

ABSTRACT 2008 Global Financial Crises broke out in financial sector in USA and then its effects spread Europe and rest of the world. Despite the Crisis began in financial sector, its serious effects transmitted to real economy. Spreading effects of crisis caused important imbalances in macroeconomic indicators of the world economy.Considering reel economy, one of the most influenced parties is small and medium enterprises (SMEs), because they compose 99 per cent of manufacturing industry. This amount exhibits the importance of SMEs in economic activity. Objective of this paper is to investigate the influence of 2007- 2008 Global Financial Crisis...

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