“…As per the Small Business Administration, over half of the private sector workforce is employed by SMEs in the United States, which account for 99.7% of all enterprises (Bradley et al, 2018;Berisha-Namani, 2009;Maow, 2021;Okpara & Kabongo, 2009;Woźniak et al, 2019;Tahir et al, 2018). Similarly, over two-thirds of the workforce in the European Union works for SMEs, which account for over 99% of all firms (Masouras et al, 2021). SMEs, despite their significance, frequently require assistance with financial management and sound business decisionmaking because of their limited resources and knowledge.…”