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34547865812
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These criteria are used by the European Commission Recommendation 2003/361
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These criteria are used by the European Commission (Recommendation 2003/361). Other jurisdictions use different criteria (〈http://www.ifc.org/ 〉).
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Other jurisdictions use different criteria
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9
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34547921341
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〈http://ec.europa.eu/enterprise/smes/facts_figures_en.htm〉.
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34547877697
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Eurostat, European Business: Facts and Figures (2006). The data are for 25 member states. Value added is the income generated by firms out of which is paid wages and salaries, the cost of capital investment, and financial charges, before arriving at a figure for profit. It includes taxes on production but not subsidies or taxes on products.
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11
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34547910731
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See
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See 〈http://www.dti.gov.uk/about/strategy-objectives/PSA-Targets/ pagel4315.html〉.
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12
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34547924938
-
-
Medium-sized firms have between 50 and 249 employees and a turnover of less than 650 million or a balance sheet total of less than €43 million. Small-sized firms have between ten and 49 employees and a turnover or balance sheet total of less than €10 million, while micro-sized firms have fewer than ten employees and a turnover or balance sheet total of less than 62 million (Commission Recommendation 2003/361).
-
Medium-sized firms have between 50 and 249 employees and a turnover of less than 650 million or a balance sheet total of less than €43 million. Small-sized firms have between ten and 49 employees and a turnover or balance sheet total of less than €10 million, while micro-sized firms have fewer than ten employees and a turnover or balance sheet total of less than 62 million (Commission Recommendation 2003/361).
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13
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34547914570
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Eurostat, op. cit., n. 8. The data are for 25 member states.
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The social licence has traditionally been associated with market forces that encourage virtuous behaviour. As we will show, a social licence can also apply to non-virtuous activities.
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