Factors that influence the SMEs performance: a qualitative perspective of Costa Rican entrepreneurs

Dyala de la O Cordero, Ricardo Monge-González


In Costa Rica, as in the rest of the Latin American countries, a significant number of SMEs enter into operations every year and their performance is influenced by several factors. This study focuses on identifying the facilitators and barriers that influence Costa Rican SMEs performance. A qualitative research was carried out through sessions, mini group sessions, and in-depth interviews, separating the subjects into three interest groups. The motivations to start up and the factors triggering the closure as well as those that led to success were identified from the entrepreneur’s perspective. Costa Rican SMEs’ performance is neither influenced by factors related to the entrepreneur, economy, politics, society nor by personal factors such as education and training, personal attitudes or an entrepreneurial family background.


Costa Rica; economics; performance; entrepreneurs; SMEs


Ayyagari, M., Demirgüç-Kunt, A., y Maksimovic, V. (2008). How important are financing constraints? The role of finance in the business environment. The World Bank Economic Review, 22(3), 483-516.

Creswell, J. W. (2014). Research Design. Qualitative, Quantitative and Mixed Methods Approach. United States of America: SAGE Publications, Inc.

Cull, R., y Xu, L. C. (2005). Institutions, ownership, and finance: the determinants of profit reinvestment among Chinese firms. Journal of Financial Economics, 77(1), 117-146.

Dollar, D., Hallward-Driemeier, M., y Mengistae, T. (2005). Investment climate and firm performance in developing economies. Economic Development and Cultural Change, 54(1), 1-31.

Hallward-Driemeier, M., Wallsten, S. y Xu, L. C. (2006) The investment climate and the firm: firm-level evidence from China. Economics of Transition, 13, 1–24.

Harrison, A.E., Lin, J.Y. y Xu, L.C. (2014). Explaining Africa’s (Dis)advantage. World Development, 63, 59-77.

Hausman, R., Rodrik, D. y Velasco, A. (2005). Growth diagnostics’, in Stiglitz J. y Serra N. (eds). The Washington Consensus Reconsidered: Towards a New Global Governance, New York: Oxford University Press.

Hernández-Sampieri, R.; Fernández, C. C. y Baptista, L. P. (2014). Metodología de la investigación. México: Mc Graw Hill Education.

Kremer, M. (1993). The O-ring theory of economic development. The Quarterly Journal of Economics, 108(3), 551-575.

Li, W., Mengistae, T. y Xu, L.C. Diagnosing Development Bottlenecks: China and India. Oxford Bulletin of Economics and Statistics, 73, 6.

Monge-González, R. y Torres-Carballo, F. (2015). La dinámica de la iniciativa empresarial en Costa Rica. ¿Cuáles empresas crecen más y cuáles generan más fuentes de empleo?. TEC Empresarial, (23), 7-9.

Pagés, C. (ed) (2010). La era de la productividad. ¿Cómo transformar las economías desde sus cimientos?. Washington DC: Banco Interamericano del Desarrollo.

Stern, N. (2002). A Strategy for Development. Washington DC: TheWorld Bank.

World Bank (2007). World Development Report 2007. Washington DC: Oxford University Press.

World Bank (2010). Doing Business 2011: Making a difference for entrepreneurs. Washington DC.

Xu, L. C. (2011). The effects of business environment on development: A survey of new firm-level evidence. World Bank Research Observer, 26, 310–340.

Zeballos, E. (2006). Obstáculos al Desarrollo de las PYMEs en América Latina. Costa Rica: Fundación para el Desarrollo Sostenible en América Latina.


  • There are currently no refbacks.

Catalogs and Indexes:


Plagiarism analysis by: