Ethnic diverse and financing choices affecting of business survival: a case study of New Zealand small- and medium-sized enterprises
Purpose - This paper aims to investigate how ethnic diversity and finance options impact the survival of small- and medium-sized enterprises (SMEs) in New Zealand. Design/methodology/approach - This study incorporates survey data and secondary data from the public domain. The surveys were conducted...
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| Format: | Article |
| Language: | English |
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Emerald Publishing
2021-07-01
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| Series: | Journal of Economics Finance and Administrative Science |
| Subjects: | |
| Online Access: | https://www.emerald.com/insight/content/doi/10.1108/JEFAS-11-2019-0270/full/pdf?title=ethnic-diverse-and-financing-choices-affecting-of-business-survival-a-case-study-of-new-zealand-small-and-medium-sized-enterprises |
| _version_ | 1828175965695508480 |
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| author | Geeta Duppati Frank Scrimgeour Surachai Chancharat Ploypailin Kijkasiwat |
| author_facet | Geeta Duppati Frank Scrimgeour Surachai Chancharat Ploypailin Kijkasiwat |
| author_sort | Geeta Duppati |
| collection | DOAJ |
| description | Purpose - This paper aims to investigate how ethnic diversity and finance options impact the survival of small- and medium-sized enterprises (SMEs) in New Zealand. Design/methodology/approach - This study incorporates survey data and secondary data from the public domain. The surveys were conducted across six sectors of the economy categorised into four main ethnic groups involving six nationalities. This study adopts regression analysis using Probit, Logit and linear probability. Findings - The financing choices of the entrepreneurs were consistent with pecking-order theory. The evidence suggests that information asymmetries are prevalent in New Zealand, as SMEs’ owners perceive significant risk from expanding businesses internationally. There is no relationship between ethnicity bias and the survival of firms. Originality/value - This study provides a contribution to the literature on factors relating to business survival and guides the policymakers to use the benefits of potential factors to increase the survival rate of SMEs. |
| first_indexed | 2024-04-12T04:36:03Z |
| format | Article |
| id | doaj.art-a51c519d8c414e099809d861cc979d64 |
| institution | Directory Open Access Journal |
| issn | 2077-1886 2218-0648 |
| language | English |
| last_indexed | 2024-04-12T04:36:03Z |
| publishDate | 2021-07-01 |
| publisher | Emerald Publishing |
| record_format | Article |
| series | Journal of Economics Finance and Administrative Science |
| spelling | doaj.art-a51c519d8c414e099809d861cc979d642022-12-22T03:47:48ZengEmerald PublishingJournal of Economics Finance and Administrative Science2077-18862218-06482021-07-01265116017410.1108/JEFAS-11-2019-0270664196Ethnic diverse and financing choices affecting of business survival: a case study of New Zealand small- and medium-sized enterprisesGeeta Duppati0Frank Scrimgeour1Surachai Chancharat2Ploypailin Kijkasiwat3Waikato Management School, University of Waikato, Hamilton, New ZealandWaikato Management School, University of Waikato, Hamilton, New ZealandFaculty of Business Administration and Accountancy, Khon Kaen University, Khon Kaen, ThailandFaculty of Business Administration and Accountancy, Khon Kaen University, Khon Kaen, ThailandPurpose - This paper aims to investigate how ethnic diversity and finance options impact the survival of small- and medium-sized enterprises (SMEs) in New Zealand. Design/methodology/approach - This study incorporates survey data and secondary data from the public domain. The surveys were conducted across six sectors of the economy categorised into four main ethnic groups involving six nationalities. This study adopts regression analysis using Probit, Logit and linear probability. Findings - The financing choices of the entrepreneurs were consistent with pecking-order theory. The evidence suggests that information asymmetries are prevalent in New Zealand, as SMEs’ owners perceive significant risk from expanding businesses internationally. There is no relationship between ethnicity bias and the survival of firms. Originality/value - This study provides a contribution to the literature on factors relating to business survival and guides the policymakers to use the benefits of potential factors to increase the survival rate of SMEs.https://www.emerald.com/insight/content/doi/10.1108/JEFAS-11-2019-0270/full/pdf?title=ethnic-diverse-and-financing-choices-affecting-of-business-survival-a-case-study-of-new-zealand-small-and-medium-sized-enterprisessmall- and medium-sized enterprisessurvivalethnic diversefinancing choices |
| spellingShingle | Geeta Duppati Frank Scrimgeour Surachai Chancharat Ploypailin Kijkasiwat Ethnic diverse and financing choices affecting of business survival: a case study of New Zealand small- and medium-sized enterprises Journal of Economics Finance and Administrative Science small- and medium-sized enterprises survival ethnic diverse financing choices |
| title | Ethnic diverse and financing choices affecting of business survival: a case study of New Zealand small- and medium-sized enterprises |
| title_full | Ethnic diverse and financing choices affecting of business survival: a case study of New Zealand small- and medium-sized enterprises |
| title_fullStr | Ethnic diverse and financing choices affecting of business survival: a case study of New Zealand small- and medium-sized enterprises |
| title_full_unstemmed | Ethnic diverse and financing choices affecting of business survival: a case study of New Zealand small- and medium-sized enterprises |
| title_short | Ethnic diverse and financing choices affecting of business survival: a case study of New Zealand small- and medium-sized enterprises |
| title_sort | ethnic diverse and financing choices affecting of business survival a case study of new zealand small and medium sized enterprises |
| topic | small- and medium-sized enterprises survival ethnic diverse financing choices |
| url | https://www.emerald.com/insight/content/doi/10.1108/JEFAS-11-2019-0270/full/pdf?title=ethnic-diverse-and-financing-choices-affecting-of-business-survival-a-case-study-of-new-zealand-small-and-medium-sized-enterprises |
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