I used to work in SMEs and I can understand why the bosses like to micro manage people. They know that their employees are bound to quit sooner or later so they would want to know whatever you do so that they can follow up when time comes. They also want you to do according to their methods because they know that you will never put in as much effort as them.Thus, it leads to micromanagement.
Even bosses in MNC might be prone to micro management. They might feel that they can do better than you so they keep instructing you on what to do even though you have been in this job for more than a few years.
Micromanagement decreases morale, reduces productivity, instills distrust and prevents candid feedback. One example include the bosses reminding you for updates/reports/results just when you are about to send to them. These are ......