Bryan: Training and Performance in Small Firms 635 Training and Performance in Small Firms

This article explores the relationship between training and growth in small manufacturing businesses. Research on training undertaken at the macro-level highlights a series of earnings and productivity returns. However, fi rm-level research has generally yielded more ambiguous results. A review of small fi rms research indicates that the relationship between training and growth has rarely its ning ring fi rms, using survey data from a random sample of fi rms in Wales. The article also cs that onship n large ll fi rms s and performance has received less attention (De Kok, 2002). Small fi rms rarely achieve full functional specializatio market failure in terms of developing core re less likely to train employees than large r turnover and higher failure rates, and the limit long-ter