Open AccessJournal Article
Small business owner persistence: Do personal characteristics matter?
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In this paper, the authors investigate the relationship between owner characteristics and persistence intentions and find that owner future growth expectations for the business, their opportunity recognition abilities, and their satisfaction with the business significantly impact persistence intentions.Abstract:
Recent research suggests that (1) business failure rates are lower than previously thought and (2) business owners exit businesses for myriad reasons besides performance. Despite these findings, relatively little is known about whether personal characteristics (i.e. expectations, competencies, education) of small firm owners influence their likelihood to persist with business ownership. Given this gap, the present study investigates the relationship between owner characteristics and persistence intentions. Framed by threshold theory, we theorize and test whether owner growth expectations, satisfaction, education, competencies, and financial investment influence their persistence intentions. Results indicate that owner future growth expectations for the business, their opportunity recognition abilities, and their satisfaction with the business significantly impact persistence intentions. Implications of study findings are discussed.read more
Citations
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Strategy for Sustainability of Social Enterprise in Indonesia: A Structural Equation Modeling Approach
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TL;DR: In this paper , a survey of 187 social enterprise (SE) in Indonesia was conducted to find alternatives to SE's sustainability strategy, considering the need for SE to have dynamic capabilities, to anticipate changes in the ecosystem, and to manage the company's internal resources to build on SE's innovation and sustainability.
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References
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Per Davidsson,Benson Honig +1 more
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Journal ArticleDOI
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J. Robert Baum,Edwin A. Locke +1 more
TL;DR: Structural equation modeling revealed a web of relationships that impact venture growth and communicated vision and self-efficacy were related to goals, and tenacity was related to new resource skill.