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Measuring regional business resilience

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journal contribution
posted on 11.09.2019, 12:47 by Anthony Soroka, Gillian Bristow, Mohamed Naim, Laura Purvis

The concept of regional resilience is explored by understanding the resilience of individual firms within both the region (and their capabilities to cope, adapt and reconfigure) and a constantly evolving economic environment. This study examines the utility of the QuiScore credit indicator (from the Financial Analysis Made Easy (FAME) database) to measure both firm and regional economic resilience. Using the Cardiff Capital Region in Wales, UK (for the period 2006–16) as a case study, the results indicate that the QuiScore is an effective indicator of the economic resilience of firms as well as an early warning indicator of economic stresses for a region.

Funding

This work was supported by the Engineering and Physical Sciences Research Council (EPSRC) ‘Re-Distributed Manufacturing and the Resilient, Sustainable City’ RDM Network [grant number EP/M01777X/1].

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