Table 1

Overview of the respondents’ profile and characteristic of the SMEs

Category and percentage valueCategory and percentage value
Respondent’s role/positionLevel of education
Owners75.5%Incomplete Primary Education
Complete Primary Education
Incomplete Secondary Education
Complete Secondary Education
Incomplete Higher Education
Complete Higher Education
Post-graduation
6.86%
5.88%
6.86%
32.35%
14.71%
29.41%
3.92%
Managers24.5%
Gender
Male61.8%
Female37.3%
Other0.98%
In charge of the company’s financial areaCompany composition
Owner81.37%Number of members
Single owner
One partner
Two partners
Three or more
% Majority shareholder
Up to 50%
More than 50%

63.73%
24.51%
8.82%
2.94%

75.68%
24.32%
Family member6.86%
Partner4.90%
Accountant2.94%
Others3.93%
Age of respondents
Average37.5
Standard deviation11.37
Main areas of trainingNumber of workers and market time
Degree in Business Administration48.98%Average number of workers13.42
Degree in Accountancy10.20%Standard deviation17.1
Degree in Law10.20%Average time13.25
Others (14 areas)30.62%Standard deviation11.56
Company sizeBusiness experience
Small company92%Average13.61
Medium-sized company8%Standard deviation9.79
Business segmentCities
Apparel industry79.41%Caruaru47%
Textile15.69%Santa Cruz do Capibaribe46%
Laundry4.9%Toritama7%
Source(s): Survey data (2022)

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