The role of behavioural competences in predicting entrepreneurial funding resource orchestration

Parkes, Geoff; Hart, Mark; Rudd, John M.; Liu, Rebecca Ru-Yuh

doi:10.1080/23311975.2018.1512833

Cited by 3 publications

(4 citation statements)

References 38 publications

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“…Utilisation of personal contacts and public support did not significantly affect business continuity. This result is inconsistent with the results of Dubini and Aldrich (1991), Dyer et al (2009), Parkes et al (2018), and Crepon and Duguet (2003). With regard to personal connections, Dubini and Aldrich (1991) pointed out that networking is necessary for founding a company because it is unlikely that the entrepreneur has sufficient management resources already and can only supplement the resources and abilities.…”

Section: Discussionmentioning

confidence: 74%

“…In addition, Dyer et al (2009) identified having personal connections as one of the characteristics of innovative entrepreneurs. Regarding funding, Parkes et al (2018) pointed out that entrepreneurs using advisors are likely to be successfully funded. Regarding public support, Crepon and Duguet (2003) pointed out that the use of start-up support contributed significantly to the increase in survival rates.…”

Section: Discussionmentioning

confidence: 99%

“…Brüderl et al (1992), Cooper et al (1994), and Parker and Belghitar (2006) found that businesses whose managers can access financial resources are less likely to fail. Parkes et al (2018) examined UK companies and argued that entrepreneurs who use advisors are more likely to be successful in raising funds.…”

Section: Rbv and Continuity Of Start-upmentioning

confidence: 99%

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Factors Inﬂuencing the continuation of start-up companies

Konno

2021

Cogent Economics & Finance

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This study investigates the factors that influence the discontinuation of Japanese business start-ups using the resource-based view (RBV) framework. By conducting an empirical study using the binary logit model, this study reveals the factors that caused start-ups that began in 2006 to suspend operations by 2010. According to the results of the analysis, the better the company was prepared for potential threats before it opened, the higher the probability that the business would remain in operation. Moreover, it was found that business continuity is higher when the manager has business experience related to the current business. In terms of model fit, it was found that start-up preparation is more important to continuity than manager attributes.

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Section: Discussionmentioning

confidence: 74%

Section: Discussionmentioning

confidence: 99%

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Factors Inﬂuencing the continuation of start-up companies

Konno

2021

Cogent Economics & Finance

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“…The questionnaire used in this research was adapted from surveys conducted by Parkes et al (2018) and the ECB & EU (2016:2009). There were challenges in adapting these surveys that were conducted in different environmental ecosystems and tailoring them to fit in this research's aim and objectives and within the context of Nigeria.…”

Section: Abbreviationsmentioning

confidence: 99%

Entrepreneurial finance models for born-global SMEs in Nigeria

Nwankwo

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The main aim of this research is to critically analyse the impact of entrepreneurial finance models (EFM) on the outcome and performance of Born-global Small and Medium Enterprises (BG SMEs). The study questions the impact of EFMs obtained on the profitability, social return on investment, and firm structure of BG SMEs in Nigeria. This research focuses on a unique type of SMEs described as BG SMEs. Using a positivist philosophical approach that is centred on objectivity and a quantitative methodology, the research collected data using questionnaires. A total of 1100 SMEs were contacted, and 237 BG SMEs were identified from that list which has been used as the representative sample size of this research. The data collected through the survey was analysed using Ordinal Logistic Regression (OLR) and Confirmatory Factor Analysis (CFA). The research presents five (5) key findings: 1. Independent venture capital (IVC), Philanthropic Venture Capital (PhVC), Corporate Venture Capital (CVC), Government Grant (GG), Bank, Business Angels (BA), Crowdfunding and Accelerators have a positive impact on one or more metrics of BG SMEs’ profitability; 2. Crowdfunding, Banks, Government Venture Capital (GVC), GG, Accelerators, PhVC, CVC, and BA have a statistically significant impact on the firm structure of BG SMEs leading to a change in their management and board compositions; 3. Management experience has a moderating positive influence on the relationship of IVC, PhVC, CVC, Banks, GG, and Accelerators and one or more metrics of BG SMEs’ profitability, whilst also having a moderating influence on Crowdfunding, Accelerators, GVC, CVC, and GG interactions with BG SMEs’ firm structure leading to their change in management and board compositions; 4. Firm Size has a moderating positive effect on EFMs (Crowdfunding, IVC, PhVC, CVC, Bank, GG, and Accelerators) relationship with BG SMEs' profitability whilst also influencing the relationship between EFMs (Crowdfunding, GVC, CVC, Accelerators, and IVC) and the firm structure of BG SMEs; and 5. The findings support the research hypotheses, and it was seen that different EFMs had different levels of impact on BG SMEs which was consistent with the research expectations. All BG SMEs analysed in this research do not measure their SROI despite 46% of the sample size creating some form of social value. The study contributes to knowledge by combining the agency theory with the human capital theory to identify the elements, value additions, impact, and influence of the different EFMs on BG SMEs. The results show the important interrelations between both theories and how BG firm performance could be improved by addressing the underlying ideas of the theories. The outcome of this research thesis has implications for policy and practice. The findings in this research indicate that the type of EFM obtained can impact the profitability and firm structure of BG SMEs in Nigeria. Business owners can address their external funding requirements by utilizing the right finance. Accessing the right EFM can help BG SMEs be more sustainable, thus, reducing the failure rate of these firms. The application of the findings in this study can directly and indirectly lead to the success of the BG SMEs which could invariably lead to economic growth in the region. The more businesses that are successful the more sustainable jobs are created, tax remittance to the government is maintained/improved, and the innovations as outputs of these BG SMEs will support their local communities and other businesses.

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An empirical examination of financial performance and distress profiles during COVID-19: the case of fishery and food production firms in Vietnam

Dao,

Coenders,

Lai

et al. 2024

JFRA

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Purpose Financial ratios are often used to classify firms into different clusters of financial performance. This study aims to classify firms using financial ratios with advanced techniques and identify the transition matrix of firms moving clusters during the COVID-19 period. Design/methodology/approach This study uses compositional data (CoDa) analysis based on existing clustering methods with transformed data by weighted logarithms of financial ratios. The data include 66 listed firms in Vietnam’s food and beverage and fishery sectors over a three-year period from 2019 to 2021, including the COVID-19 period. Findings These firms can be classified into three clusters of distinctive characteristics, which can serve as benchmarks for solvency and profitability. The results also show the migration from one cluster to another during the COVID-19 pandemic, allowing for the calculation of the transition probability or the transition matrix. Practical implications The findings indicate three distinct clusters (good, average and below-average firm performance) that can help financial analysts, accountants, investors and other strategic decision-makers in making informed choices. Originality/value Clustering firms with their financial ratios often suffer from various limitations, such as ratio choices, skewed distributions, outliers and redundancy. This study is motivated by a weighted CoDa approach that addresses these issues. This method can be extended to classify firms in multiple sectors or other emerging markets.

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The role of behavioural competences in predicting entrepreneurial funding resource orchestration

Cited by 3 publications

References 38 publications

Factors Inﬂuencing the continuation of start-up companies

Factors Inﬂuencing the continuation of start-up companies

Entrepreneurial finance models for born-global SMEs in Nigeria

An empirical examination of financial performance and distress profiles during COVID-19: the case of fishery and food production firms in Vietnam

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