Weathering the Storm: Financial Variable as a Key Influence to Entrepreneurial Venture Survival Over Time in Canada

dc.contributor.authorBaadel, Said
dc.contributor.authorKabene, Stefane
dc.date.accessioned2022-04-22T07:02:07Z
dc.date.available2022-04-22T07:02:07Z
dc.date.copyright© 2017
dc.date.issued2017
dc.descriptionThis conference paper is not available at CUD collection. The version of scholarly record of this paper is published in Leadership, Innovation and Entrepreneurship as Driving Forces of the Global Economy. Springer Proceedings in Business and Economics (2017), available online at: https://doi.org/10.1007/978-3-319-43434-6_51en_US
dc.description.abstractEach year numerous new small businesses confidently enter the marketplace but a vast majority of these firms will fail to survive beyond their tenth birthday. Past studies have focused on a variety of external factors such as geographic location and industry size. Despite the effects these variables play over time, a great amount of decisions are made internally and thus it is imperative to consider their impact on survival rates. Young firms with little experience can be heavily disadvantaged when attempting to gain funding within financial markets. Evidence indicates that a vast number of new small firms are forced to rely on equity financing, specifically in the form of internal resources. Beyond retained earnings, firms must rely on social networks in an attempt to solidify relationships with potential investors. Firms require capital to fund future growth but face barriers as turning a profit initially can be quite challenging. This chapter takes an in-depth look into one crucial internal variable, financing, and statistically analyzes its effect on the survival of small entrepreneurial ventures. The objective entails uncovering the causation for such internal downfall and providing such an insight may greatly assist small firms to compete and grow in their respected industries, therefore substantially increasing their chance of survival. © 2017, Springer International Publishing Switzerland.en_US
dc.identifier.citationBaadel, S. & Kabene, S. (2017). Weathering the Storm: Financial Variable as a Key Influence to Entrepreneurial Venture Survival Over Time in Canada. In R. Benlamri & M. Sparer (Eds.) Leadership, Innovation and Entrepreneurship as Driving Forces of the Global Economy. Springer Proceedings in Business and Economics (pp. 599 - 607). Springer, Cham. https://doi.org/10.1007/978-3-319-43434-6_51en_US
dc.identifier.isbn978-331943433-9
dc.identifier.issn21987246
dc.identifier.urihttps://doi.org/10.1007/978-3-319-43434-6_51
dc.identifier.urihttp://hdl.handle.net/20.500.12519/549
dc.language.isoenen_US
dc.publisherSpringer Science and Business Media B.V.en_US
dc.relationAuthors Affiliations : Baadel, S., Canadian University of Dubai, Dubai, United Arab Emirates, University of Huddersfield, Huddersfield, United Kingdom; Kabene, S., Canadian University of Dubai, Dubai, United Arab Emirates
dc.relation.ispartofseriesLeadership, Innovation and Entrepreneurship as Driving Forces of the Global Economy. Springer Proceedings in Business and Economics;
dc.rightsLicense to reuse the abstract has been secured from Springer Nature and Copyright Clearance Center.
dc.rights.holderCopyright : © 2017, Springer International Publishing Switzerland.
dc.rights.urihttps://s100.copyright.com/CustomerAdmin/PLF.jsp?ref=02740dc3-83e6-469a-a39d-1676277ef73c
dc.subjectEntrepreneurial venture survivalen_US
dc.subjectFinancial survivabilityen_US
dc.subjectSME entry and exit ratesen_US
dc.subjectSME mortality rateen_US
dc.titleWeathering the Storm: Financial Variable as a Key Influence to Entrepreneurial Venture Survival Over Time in Canadaen_US
dc.typeConference Paperen_US
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