Access the full text.
Sign up today, get DeepDyve free for 14 days.
L. Gaskill, Howard Auken, R. Manning (1993)
A Factor Analytic Study of the Perceived Causes of Small Business FailureJournal of Small Business Management, 31
J. Berryman (1983)
Small Business Failure and Survey of the LiteratureInternational Small Business Journal, 1
R. Peterson, G. Kozmetsky, Nancy Ridgway (1983)
Perceived Causes of Small Business Failures: A Research NoteEntrepreneurship Theory and Practice, 8
K. Keasey, R. Watson (1991)
The State of the Art of Small Firm Failure Prediction: Achievements and PrognosisInternational Small Business Journal, 9
G. Hall, B. Young (1991)
Factors Associated with Insolvency amongst Small FirmsInternational Small Business Journal, 9
J. Hudson (1989)
The Birth and Death of FirmsQuarterly Review of Economics and Business, 29
M. Norusis (1990)
SPSS advanced statistics user's guide
G. Hall (1992)
Reasons for insolvency amongst small firms — A review and fresh evidenceSmall Business Economics, 4
M. H. Abdelsamad, A. T. Kindling (1978)
Why Small Businesses FailSAM Advanced Management Journal, 43
Alexander (1989)
Fundamentals of Investments
J. Millington (1994)
The Impact of Selected Economic Variables on New Business Formation and Business FailuresThe Journal of Entrepreneurial Finance
B. C. Churchill (1952)
Survival Patterns of the Postwar Business PopulationSurvey of Current Business, 32
J. Brüderl, R. Schussler (1990)
Organizational Mortality: The Liabilities of Newness and Adolescence.Administrative Science Quarterly, 35
William Dipietro, Bansi Sawhney (1977)
Business Failures, Managerial Competence, and Macroeconomic VariablesEntrepreneurship Theory and Practice, 2
W. DiPietro, B. Sawhney (1977)
Business Failures, Managerial Competence, and Macroeconomic VariablesAmerican Journal of Small Business, II
M. Z. Massel (1978)
It's Easier to Slay a Dragon Than Kill a MythJournal of Small Business Management, 16
M. Williams (1993)
Measuring business starts, success and survival: Some database considerationsJournal of Business Venturing, 8
John Ballantine, F. Cleveland, C. Koeller (1993)
Profitability, uncertainty, and firm sizeSmall Business Economics, 5
M. J. Ulmer, A. Nielsen (1947)
Business Turn-Over and Causes of FailureSurvey of Current Business, 27
A. B. Cochran (1981)
Small Business Mortality Rates: A Review of The LiteratureJournal of Small Business Management, 19
W. F. Sharpe (1981)
Investments
J. Brüderl, Peter Preisendörfer, R. Ziegler (1992)
Survival Chances of Newly Founded Business OrganizationsAmerican Sociological Review, 57
J. Berryman (1983)
Small Business Failure and Bankruptcy: A Survey of the LiteratureEuropean Small Business Journal, 1
K. Hall (1986)
Business failures : economic determinants and potential effects on the macroeconomy (recessions, financial, credit, rationing, small business)
J. Fredland, C. Morris (1976)
A Cross Section Analysis of Small Business FailureEntrepreneurship Theory and Practice, 1
D. Holtz-eakin, David Joulfaian, H. Rosen (1993)
Sticking it Out: Entrepreneurial Survival and Liquidity ConstraintsJournal of Political Economy, 102
R. A. Peterson, G. Kozmetsky, N. M. Ridgway (1983)
Perceived Causes of Small Business Failures: A Research NoteAmerican Journal of Small Business, VIII
David Evans (1987)
The Relationship between Firm Growth, Size, and Age: Estimates for 100 Manufacturing Industries.Journal of Industrial Economics, 35
Timothy Bates (1990)
Entrepreneur Human Capital Inputs and Small Business LongevityThe Review of Economics and Statistics, 72
H. Markowitz (1952)
Portfolio SelectionJournal of Finance, 7
R. Cressy (1996)
Are Business Startups Debt-Rationed?The Economic Journal, 106
James Ang (1991)
Small Business Uniqueness and the Theory of Financial ManagementThe Journal of Entrepreneurial Finance
S. Wadhwani (1986)
Inflation, Bankruptcy, Default Premia and the Stock MarketThe Economic Journal, 96
John Aldrich, F. Nelson (1984)
Linear probability, logit and probit models
M. Dekimpe, D. Morrison (1991)
A modeling framework for analyzing retail store durationsJournal of Retailing, 67
The Journal of Entrepreneurial Finance The Journal of Entrepreneurial Finance On the Theory of Finance for Privately Held Firms On the Theory of Finance for Privately Held Firms
P. Ganguly, G. Bannock (1985)
Uk Small Business Statistics and International Comparisons
E. J. Fredland, C. E. Morris (1976)
‘A Cross Section Analysis of Small Business FailureAmerican Journal of Small Business, 1
R. Cressy (1996)
Commitment lending under asymmetric information: Theory and tests on U.K. startup dataSmall Business Economics, 8
J. S. Ang (1992)
On the Theory of Finance for Privately Held FirmsThe Journal of Small Business Finance, 1
J. Watson, J. Dickinson (1981)
International Diversification: An Ex Post and Ex Ante Analysis of Possible BenefitsAustralian Journal of Management, 6
R. Mcmahon, S. Holmes, P. Hutchinson, D. Forsaith (1993)
Small Enterprise Financial Management : Theory and Practice
A. Nucci, Timothy Bates (1990)
An Analysis of Small Business Size and Rate of DiscontinuanceJournal of Small Business Management, 27
S. Birley, N. Niktari (1995)
The Failure of Owner-Managed Businesses: The Diagnosis of Accountants and Bankers
(1971)
Report of the Committee on Small Business
J. Osteryoung, Derek Newman (1993)
What Is a Small Business?The Journal of Entrepreneurial Finance
J. Watson, J. Everett (1993)
Defining Small Business FailureInternational Small Business Journal, 11
(1995)
SME Research Database: Strategy Paper
N. R. Land (1975)
Too Much Emphasis on Management Assistance?Journal of Small Business Management, 13
Gregory Shailer (1989)
The Predictability of Small Enterprise Failures: Evidence and IssuesInternational Small Business Journal, 7
Peter Goulet, George Foster (1980)
Financial Statement Analysis.Journal of Finance, 35
G. Shailer (1989)
Research Note: The Predictability of Small Enterprise Failures: Evidence and IssuesInternational Small Business Journal, 7
Boyan Jovanovic (1981)
Selection and the evolution of industry
Sarah Lane, Martha Schary (1991)
Understanding The Business Failure RateContemporary Economic Policy, 9
Unlike much of the previous literature, which has generally focused on internal risk factors, this study seeks to explore the impact of macro-economic factors on small business mortality. The results suggest that economic factors appear to be associated with between 30% and 50% of small business failures, depending on the definition of failure used. As expected, failure rates were positively associated with interest rates (where failure was defined as bankruptcy) and the rate of unemployment (where failure was defined as discontinuance of ownership). However, somewhat unexpectedly, failure rates were found to be positively associated with lagged employment rates (where failure was defined as to prevent further losses) and with current and lagged retail sales (where failure was defined as either: failed to "make a go of it"; discontinuance of ownership; or discontinuance of business). This indicates that a strengthening economy may provide the trigger for an increase in voluntary business exits as individual proprietors seek to maximize the returns available to them on both their financial and human capital.
Small Business Economics – Springer Journals
Published: Oct 6, 2004
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.