Measuring regional business resilience

Abstract

The concept of regional resilience is explored by understanding the resilience of individual firms within both the region (and their capabilities to cope, adapt and reconfigure) and a constantly evolving economic environment. This study examines the utility of the QuiScore credit indicator (from the Financial Analysis Made Easy (FAME) database) to measure both firm and regional economic resilience. Using the Cardiff Capital Region in Wales, UK (for the period 2006–16) as a case study, the results indicate that the QuiScore is an effective indicator of the economic resilience of firms as well as an early warning indicator of economic stresses for a region.