Research

Objectives

Through ground-breaking international research, the centre seeks to elevate the level of knowledge regarding e.g. which factors contribute to growth in SMEs and which factors constitute barriers to development and growth. The centre’s research focuses on the regulatory framework that governs the trade and industry and on internal drivers for growth, e.g. business development, innovation, leadership skills and so on.

To make sure that the centre’s research projects and the developed tools reflect the actual needs for knowledge within the SMEs, the research group engages in continuous dialogue and collaboration with SMEs and their advisers through the Knowledge Forum initiative and the SME board member education.

Research projects

Floating charges - Lars Henrik Gam Madsen and Astrid Millung-Christoffersen

The goal of the project is to examine whether the rules on floating charges are adequate to fit the needs of SMEs. A floating charge enables companies to mortgage assets that could not previously be mortgaged. The typical company mortgagor is an SME that mortgages assets to the company’s bank.

Contract management in SMEs - Rene Franz Henschel

This project focuses on contract management, in which companies try to influence the outcome of contracts in a more profitable direction through a focus on contract content, processes as well as relational and organisational skills, while also developing the contract partners’ relations and collaborations in a positive direction. The project emphasises the impact of contracts on the SMEs’ value chain, how this resource may be optimised and which benefits be harvested in connection with this.

Consolidating entrepreneurship through company law reforms - Karsten Engsig Sørensen and Mette Neville

There is currently a great deal of political incentive to consolidate entrepreneurship through e.g. attractive company law frameworks. This project includes a number of sub-projects that seek to analyse whether and how it is possible to consolidate entrepreneurship through company law reforms.

  1. Entrepreneurship through company law reforms, published in Nordisk Tidsskrift in 2013
  2. The entrepreneurial company, published in Neville & Engsig Sørensen (red.) Companies – current topics, autumn 2013
  3. Encouraging Entrepreneurship through Company Law Reforms – the European Mega Trend (published in EBOR 2014)
  4. The entrepreneurial company – a success? 2016
  5. The social economy company – a success (2016)

The significance of new procurement rules for SMEs - Michael Steinicke

In the spring 2015, the Danish Parliament will treat proposals for a new procurement act, which entails provisions to ensure that small and medium-sized enterprises are able to participate in calls for tenders to a greater extent than previously. The project focuses on an analysis of the content of the new rules and their practical significance for SMEs.

Owner agreements as a barrier for the development and growth of SMEs - Mette Neville, Karsten Engsig Sørensen and Carsten Fode

Owner agreements often contain provisions that may prevent growth and development in SMEs. This project aims to analyse the significance of owner agreements and the extent to which they serve as barriers for growth and development in SMEs. Moreover, the project focuses on the development of new contractual provisions for use in SMEs; provisions that are more balanced in terms of addressing the considerations for the owners on the one hand, and the company’s opportunities for development and growth on the other.

Payment periods - the significance of the new rules for SMEs - Rene Franz Henschel

In 2013, new rules on payment periods were implemented, which were meant to put an end to the very long payment periods that can have negative consequences especially for the liquidity and financial management of small and medium-sized companies. This project aims to investigate, for instance, whether the new rules have helped improve the conditions for the SMEs or whether new ways to evade the rules have been discovered. 

Role of the board of directors and value creation in SMEs - Aleksandra Gregorič, CBS, Mette Neville, Thomas Poulsen, Copenhagen Business School (CBS) - collaboration with the Danish Business Authority.

  • Sub-project 1: The project aims to shed light on the role and composition of the board of directors and its significance for SMEs. The results will be published as a number of subreports.
  • Sub-project 2: The project aims to analyse whether the board of directors can create value in an SME and which role it must assume to create actual value.

Closed corporations and supranational company forms - international project

At EU level, there is focus on creating effective company law frameworks for entrepreneurs and SMEs. This project focuses on an analysis of the SMEs’ needs in connection with the establishment of company law frameworks. Moreover, the project aims to analyse and evaluate the European Commission’s proposal with a view to creating a better foundation for decision-making.