Impact of Global Financial Crisis on Small and Medium Enterprises (SMEs) in Iran

The aim of this research was to examine of the impact of Global Financial Crisis on small and medium enterprises (SMEs) of Iran. The survey was conducted to identify various economic and financial issues that were impacted by the crisis in terms of profitability, demand-levels of products and/or services and asset turnover ratios, among other. Despite of reports from critics that the economy of Iran, especially in terms of the local Stock Exchange, is separate of other countries (e.g. United States of America), the impact of financial crisis has not had a significant effect on Iran’s economy when compared to that of other countries.