nach oben

Eurasian Business Review

Erschienen in:

27.09.2019 | Regular Article

Factors influencing SME owners’ continuance intention in Bangladesh: a logistic regression model

verfasst von: Iman Aghaei, Amin Sokhanvar

Erschienen in: Eurasian Business Review | Ausgabe 3/2020

Einloggen

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config

KI-gestützte Suche

Aus

Abstract

The purpose of this paper is to identify the critical determinants of Bangladeshi small and medium-sized enterprises’ intention to continue their business. 1724 business owners participated as respondents in this survey. Using logistic regression, our results suggest that continuance intention is affected positively by innovation, informality, risk attitude, and debt. On the other hand, the age of the business owner and the size of firm do not play any significant role in this intention. The probability of continuance in the presence of each of these factors is also calculated in Manufacturing, Service, and Trade sectors separately. Understanding the influential determinants of continuance intention of business owners would help the policy makers to devise appropriate policies from a better insight to support the industry in different sectors.

Vorheriger Artikel Uncertainty and leverage nexus: does trade credit matter?

Nächster Artikel Board gender diversity, competitive pressure and investment efficiency in Chinese private firms

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 340 Zeitschriften

aus folgenden Fachgebieten:

Bauwesen + Immobilien
Business IT + Informatik
Finance + Banking
Management + Führung
Marketing + Vertrieb
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

über 102.000 Bücher
über 537 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Finance + Banking
Management + Führung
Marketing + Vertrieb
Maschinenbau + Werkstoffe
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Nur mit Berechtigung zugänglich

http://microdata.worldbank.org/index.php/catalog/2244.

Source: Legatum Prosperity Index (2018) (www.prosperity.com).

Al-Qirim, N. (2005). An empirical investigation of an e-commerce adoption-capability model in small businesses in New Zealand. Electronic Markets,15(4), 418–437.

Ayalew, L., & Yamagishi, H. (2005). The application of GIS-based logistic regression for landslide susceptibility mapping in the Kakuda-Yahiko Mountains, Central Japan. Geomorphology,65(1–2), 15–31.

Bacon, N., Ackers, P., Storey, J., & Coates, D. (1996). It’s a small world: Managing human resources in small businesses. International Journal of Human Resource Management,7(1), 82–100.

Bai, S. B., Wang, J., Lü, G. N., Zhou, P. G., Hou, S. S., & Xu, S. N. (2010). GIS-based logistic regression for landslide susceptibility mapping of the Zhongxian segment in the Three Gorges area, China. Geomorphology,115(1–2), 23–31.

Bangladesh Bureau of Statistics (BBS). (2017). Statistical yearbook of Bangladesh. Statistics Division, Ministry of Planning, Dhaka, Government of the People’s Republic of Bangladesh.

Baumol, W. J. (2002). The free-market innovation machine: Analyzing the growth miracle of capitalism. Princeton: Princeton University Press.

Begley, T. M., & Boyd, D. P. (1987). Psychological characteristics associated with performance in entrepreneurial firms and smaller businesses. Journal of Business Venturing,2(1), 79–93.

Bennett, R. C., & Cooper, R. G. (1979). Beyond the marketing concept. Business Horizons,22(3), 76–83.

Bennett, R. C., & Cooper, R. G. (1981). The misuse of marketing: An American tragedy. Business Horizons,24(6), 51–61.

Besanko, D., & Kanatas, G. (1993). Credit market equilibrium with bank monitoring and moral hazard. The Review of Financial Studies,6(1), 213–232.

Binks, M. R., & Ennew, C. T. (1996). Growing firms and the credit constraint. Small Business Economics,8(1), 17–25.

Boot, A. W., & Thakor, A. V. (2000). Can relationship banking survive competition? The Journal of Finance,55(2), 679–713.

Boyd, J. H., & De Nicolo, G. (2005). The theory of bank risk taking and competition revisited. The Journal of Finance,60(3), 1329–1343.

Brockhaus, R. H. (1976). Risk taking propensity of entrepreneurs. In G. Atinc (Ed.), Academy of management proceedings (Vol. 1976, pp. 457–460). Briarcliff Manor, NY: Academy of Management.

Brockhaus, R. H., Sr. (1980). Risk taking propensity of entrepreneurs. Academy of Management Journal,23(3), 509–520.

Burtless, G. (2001). The Greek labour market. In R. Bryant, N. Garganas, & G. Tavlas (Eds.), Greece’s economic performance and prospects. Athens: Bank of Greece/The Brookings Institutions.

Caminal, R., & Matutes, C. (1997). Can competition in the credit market be excessive? In Center for economic policy research, Discussion paper 1725.

Caminal, R., & Matutes, C. (2002). Market power and banking failures. International Journal of Industrial Organization,20(9), 1341–1361.

Carland, J. W., III, Carland, J. W., Jr., Carland, J. A. C., & Pearce, J. W. (1995). Risk taking propensity among entrepreneurs, small business owners and managers. Journal of Business and Entrepreneurship,7(1), 15.

Caves, R. E. (1998). Industrial organization and new findings on the turnover and mobility of firms. Journal of economic literature,36(4), 1947–1982.

Cefis, E., & Marsili, O. (2006). Survivor: The role of innovation in firms’ survival. Research Policy,35(5), 626–641.

Chan, Y. S., Greenbaum, S. I., & Thakor, A. V. (1986). Information reusability, competition and bank asset quality. Journal of Banking & Finance,10(2), 243–253.

Chen, M. J., & Hambrick, D. C. (1995). Speed, stealth, and selective attack: How small firms differ from large firms in competitive behavior. Academy of Management Journal,38(2), 453–482.

Clark, W. A., & Hosking, P. L. (1986). Statistical methods for geographers. New York: Wiley.

Covin, J. G., & Slevin, D. P. (1991). A conceptual model of entrepreneurship as firm behavior. Entrepreneurship Theory and Practice,16(1), 7–26.

Cressy, R. (2006). Why do most firms die young? Small Business Economics,26(2), 103–116.

De Meza, D., & Southey, C. (1996). The borrower’s curse: Optimism, finance and entrepreneurship. The Economic Journal,106, 375–386.

Delis, M. D., Kokas, S., & Ongena, S. (2017). Bank market power and firm performance. Review of Finance,21(1), 299–326.

Demidenko, E. (2007). Sample size determination for logistic regression revisited. Statistics in Medicine,26(18), 3385–3397.

Deshpandé, R., Farley, J. U., & Webster, F. E., Jr. (1993). Corporate culture, customer orientation, and innovativeness in Japanese firms: A quadrad analysis. The Journal of Marketing,57, 23–37.

Dickson, P. R., & Giglierano, J. J. (1986). Missing the boat and sinking the boat: A conceptual model of entrepreneurial risk. The Journal of Marketing,50, 58–70.

Elston, J. A., & Audretsch, D. B. (2010). Risk attitudes, wealth and sources of entrepreneurial start-up capital. Journal of Economic Behavior & Organization,76(1), 82–89.

Fajnzylber, P., Maloney, W., & Rojas, G. M. (2006). Microenterprise dynamics in developing countries: How similar are they to those in the industrialized world? Evidence from Mexico. The World Bank Economic Review,20(3), 389–419.

Fama, E. F., & French, K. R. (2001). Disappearing dividends: Changing firm characteristics or lower propensity to pay? Journal of Financial Economics,60(1), 3–43.

Fidell, S., Tabachnick, B., Mestre, V., & Fidell, L. (2013). Aircraft noise-induced awakenings are more reasonably predicted from relative than from absolute sound exposure levels. The Journal of the Acoustical Society of America,134(5), 3645–3653.

Geroski, P. A. (1995). What do we know about entry? International Journal of Industrial Organization,13(4), 421–440.

Gilmore, A., Carson, D., & O’Donnell, A. (2004). Small business owner-managers and their attitude to risk. Marketing Intelligence & Planning,22(3), 349–360.

Gray, C., & Stanworth, J. (1991). Bolton 20 years on: the small firm in the 1990s. University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship.

Hair, J. F., Anderson, R. E., Tatham, R. L., & William, C. B. (2010). Multivariate data analysis (7th ed.). Upper Saddle River: Prentice Hall.

Hallak, R., Assaker, G., O’Connor, P., & Lee, C. (2018). Firm performance in the upscale restaurant sector: The effects of resilience, creative self-efficacy, innovation and industry experience. Journal of Retailing and Consumer Services,40, 229–240.

Hamer, M. M. (1983). Failure prediction: Sensitivity of classification accuracy to alternative statistical methods and variable sets. Journal of Accounting and Public Policy,2(4), 289–307.

Hamilton, L. C. (2003). Statistics with stata. Belmont: Duxbury Thomson Learning.

Hart, S. L. (1992). An integrative framework for strategy-making processes. Academy of Management Review,17(2), 327–351.

Hosmer, D. W., & Lemeshow, S. (2000). Special topics. In Applied Logistic Regression, Second Edition pp. 260–351, John Wiley & Sons.

Hsu, D. K., Wiklund, J., Anderson, S. E., & Coffey, B. S. (2016). Entrepreneurial exit intentions and the business-family interface. Journal of Business Venturing,31(6), 613–627.

Hurley, R. F., & Hult, G. T. M. (1998). Innovation, market orientation, and organizational learning: An integration and empirical examination. The Journal of Marketing,62, 42–54.

Islam, M. A., Khan, M. A., Obaidullah, A. Z. M., & Alam, M. S. (2011). Effect of entrepreneur and firm characteristics on the business success of small and medium enterprises (SMEs) in Bangladesh. International Journal of Business and Management,6(3), 289.

Jackson, R. H., & Wood, A. (2013). The performance of insolvency prediction and credit risk models in the UK: A comparative study. The British Accounting Review,45(3), 183–202.

Jantan, M., Ramayah, T., Ismail, N., & Hikmat, A. (2001, March). The CEO and AMT adoption in Malaysian small and medium scale manufacturing industries. In Proceedings of the 10th International Conference on Information Technology, Lausanne, Switzerland.

Khan, J. A., & Ahmed, S. (2013). Impact of educational intervention on willingness-to-pay for health insurance: A study of informal sector workers in urban Bangladesh. Health Economics Review,3(1), 12.

Kim, H., & Gu, Z. (2006a). Predicting restaurant bankruptcy: A logit model in comparison with a discriminant model. Journal of Hospitality & Tourism Research,30(4), 474–493.

Kim, H., & Gu, Z. (2006b). A logistic regression analysis for predicting bankruptcy in the hospitality industry. The Journal of Hospitality Financial Management,14(1), 17–34.

Kim, H., & Gu, Z. (2009). Financial features of dividend-paying firms in the hospitality industry: A logistic regression analysis. International Journal of Hospitality Management,28(3), 359–366.

Kleinbaum, D. G., & Klein, M. (2002). Logistic regression: A self learning text (2nd ed., p. 513). New York: Springer.

Krauss, S. I., Frese, M., Friedrich, C., & Unger, J. M. (2005). Entrepreneurial orientation: A psychological model of success among southern African small business owners. European Journal of Work and Organizational Psychology,14(3), 315–344.

Legatum Prosperity Index™ (2018)

Lee, S. (2005). Application of logistic regression model and its validation for landslide susceptibility mapping using GIS and remote sensing data. International Journal of Remote Sensing,26(7), 1477–1491.

Liao, T. F. (1994). Interpreting probability models: Logit, probit, and other generalized linear models (no. 101). Thousand Oaks: Sage.

Lo, A. W. (1986). Logit versus discriminant analysis: A specification test and application to corporate bankruptcies. Journal of Econometrics,31(2), 151–178.

Lumpkin, G. T., & Dess, G. G. (1996). Clarifying the entrepreneurial orientation construct and linking it to performance. Academy of Management Review,21(1), 135–172.

Lussier, R. N. (1995). A nonfinancial business success versus failure prediction mo. Journal of Small Business Management,33(1), 8.

Macho-Stadler, I., & Perez-Castrillo, J. D. (1997). Optimal auditing with heterogeneous income sources. International Economic Review,38(4), 951–968.

MacMahon, J. (1996). Employee relations in small firms in Ireland: An exploratory study of small manufacturing firms. Employee Relations,18(5), 66–80.

Maloney, W. F. (2004). Informality revisited. World Development,32(7), 1159–1178.

Mancinelli, L., & Ozkan, A. (2006). Ownership structure and dividend policy: Evidence from Italian firms. European Journal of Finance,12(03), 265–282.

Marlow, S. (2002). Regulating labour management in small firms. Human Resource Management Journal,12(3), 25–43.

Marlow, S. (2003). Formality and informality in employment relations: The implications for regulatory compliance by smaller firms. Environment and Planning C: Government and Policy,21(4), 531–547.

Masakure, O., Cranfield, J., & Henson, S. (2008). The financial performance of non-farm microenterprises in Ghana. World Development,36(12), 2733–2762.

Mathew, J., Jha, V. K., & Rawat, G. S. (2007). Application of binary logistic regression analysis and its validation for landslide susceptibility mapping in part of Garhwal Himalaya, India. International Journal of Remote Sensing,28(10), 2257–2275.

Mazzarol, T., Volery, T., Doss, N., & Thein, V. (1999). Factors influencing small business start-ups: A comparison with previous research. International Journal of Entrepreneurial Behavior & Research,5(2), 48–63.

Menard, S. (2002). Applied logistic regression analysis (Vol. 106). Thousand Oaks: Sage.

Midi, H., Sarkar, S. K., & Rana, S. (2010). Collinearity diagnostics of binary logistic regression model. Journal of Interdisciplinary Mathematics,13(3), 253–267.

Miller, D. (1983). The correlates of entrepreneurship in three types of firms. Management Science,29(7), 770–791.

Miller, D., & Friesen, P. H. (1982). Innovation in conservative and entrepreneurial firms: Two models of strategic momentum. Strategic Management Journal,3(1), 1–25.

Naidoo, V. (2010). Firm survival through a crisis: The influence of market orientation, marketing innovation and business strategy. Industrial Marketing Management,39(8), 1311–1320.

Nandi, A., & Shakoor, A. (2010). A GIS-based landslide susceptibility evaluation using bivariate and multivariate statistical analyses. Engineering Geology,110(1–2), 11–20.

OECD. (2005). Oslo manual: Guidelines for collecting and interpreting innovation data (3rd ed.). Paris: OECD.

Ohlmacher, G. C., & Davis, J. C. (2003). Using multiple logistic regression and GIS technology to predict landslide hazard in northeast Kansas, USA. Engineering Geology,69(3–4), 331–343.

Ozdemir, A. (2011). Using a binary logistic regression method and GIS for evaluating and mapping the groundwater spring potential in the Sultan Mountains (Aksehir, Turkey). Journal of Hydrology,405(1–2), 123–136.

Palich, L. E., & Bagby, D. R. (1995). Using cognitive theory to explain entrepreneurial risk-taking: Challenging conventional wisdom. Journal of Business Venturing,10(6), 425–438.

Pallant, J. (2013). SPSS survival manual. London: McGraw-Hill Education.

Peat, J. (2001). Health science research: A handbook of quantitative methods. Thousand Oaks: Sage.

Peng, C. Y. J., Lee, K. L., & Ingersoll, G. M. (2002). An introduction to logistic regression analysis and reporting. The Journal of Educational Research,96(1), 3–14.

Petersen, M. A., & Rajan, R. G. (1995). The effect of credit market competition on lending relationships. The Quarterly Journal of Economics,110(2), 407–443.

Ram, M., Edwards, P., Gilman, M., & Arrowsmith, J. (2001). The dynamics of informality: Employment relations in small firms and the effects of regulatory change. Work, Employment & Society,15(4), 845–861.

Rauch, A., & Frese, M. (2000). Psychological approaches to entrepreneurial success: A general model and an overview of findings. International Review of Industrial and Organizational Psychology,15, 101–142.

Robson, P., Akuetteh, C., Stone, I., Westhead, P., & Wright, M. (2013). Credit-rationing and entrepreneurial experience: Evidence from a resource deficit context. Entrepreneurship & Regional Development,25(5–6), 349–370.

Sexton, D. L., & Bowman, N. B. (1983). Comparative entrepreneurship characteristics of students: Preliminary results. In J. Hornaday, R. Peterson, & K. Vesper (Eds.), Frontiers of entrepreneurship research (pp. 213–232). Wellesley: Babson College.

Sitkin, S. B., & Pablo, A. L. (1992). Reconceptualizing the determinants of risk behavior. Academy of Management Review,17(1), 9–38.

Smart, D. T., & Conant, J. S. (1994). Entrepreneurial orientation, distinctive marketing competencies and organizational performance. Journal of Applied Business Research,10, 28.

Smith, N. R., & Miner, J. B. (1983). Type of entrepreneur, type of firm, and managerial motivation: Implications for organizational life cycle theory. Strategic Management Journal,4(4), 325–340.

Stewart, W. H., Jr., Watson, W. E., Carland, J. C., & Carland, J. W. (1999). A proclivity for entrepreneurship: A comparison of entrepreneurs, small business owners, and corporate managers. Journal of Business Venturing,14(2), 189–214.

Ucbasaran, D., Westhead, P., & Wright, M. (2009). The extent and nature of opportunity identification by experienced entrepreneurs. Journal of Business Venturing,24(2), 99–115.

Van Den Eeckhaut, M., Vanwalleghem, T., Poesen, J., Govers, G., Verstraeten, G., & Vandekerckhove, L. (2006). Prediction of landslide susceptibility using rare events logistic regression: A case-study in the Flemish Ardennes (Belgium). Geomorphology,76(3–4), 392–410.

Warner, R. M. (2008). Applied statistics: From bivariate through multivariate techniques. Thousand Oaks: Sage.

Westgaard, S., & Van der Wijst, N. (2001). Default probabilities in a corporate bank portfolio: A logistic model approach. European Journal of Operational Research,135(2), 338–349.

Wiklund, J. (1999). The sustainability of the entrepreneurial orientation—performance relationship. Entrepreneurship Theory and Practice,24(1), 37–48.

Wilkinson, A. (1999). Employment relations in SMEs. Employee Relations,21(3), 206–217.

Willebrands, D., Lammers, J., & Hartog, J. (2012). A successful businessman is not a gambler. Risk attitude and business performance among small enterprises in Nigeria. Journal of Economic Psychology,33(2), 342–354.

Wright, R. E. (1995). Logistic regression. In L. G. Grimm & P. R. Yarnold (Eds.), Reading and understanding multivariate statistics. Washington, DC: American Psychological Association.

Wu, W., Lee, V. C. S., & Tan, T. Y. (2006). Data preprocessing and data parsimony in corporate failure forecast models: Evidence from Australian materials industry. Accounting & Finance,46(2), 327–345.

Youn, H., & Gu, Z. (2010). Predicting Korean lodging firm failures: An artificial neural network model along with a logistic regression model. International Journal of Hospitality Management,29(1), 120–127.

Zahra, S. A. (1991). Predictors and financial outcomes of corporate entrepreneurship: An exploratory study. Journal of Business Venturing,6(4), 259–285.

Zahra, S. A., & Covin, J. G. (1995). Contextual influences on the corporate entrepreneurship-performance relationship: A longitudinal analysis. Journal of Business Venturing,10(1), 43–58.

Zhu, L., & Huang, J. F. (2006). GIS-based logistic regression method for landslide susceptibility mapping in regional scale. Journal of Zhejiang University-Science A,7(12), 2007–2017.

Titel: Factors influencing SME owners’ continuance intention in Bangladesh: a logistic regression model
verfasst von: Iman Aghaei
Amin Sokhanvar
Publikationsdatum: 27.09.2019
Verlag: Springer International Publishing
Erschienen in: Eurasian Business Review / Ausgabe 3/2020
Print ISSN: 1309-4297
Elektronische ISSN: 2147-4281
DOI: https://doi.org/10.1007/s40821-019-00137-6

Springer Professional

Abstract

Bitte loggen Sie sich ein, um Zugang zu Ihrer Lizenz zu erhalten.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft"

Springer Professional "Wirtschaft+Technik"

Weitere Artikel der Ausgabe 3/2020

The effect of anomalous emotional scenes in children’s movies on future revenues

Macro uncertainty, analyst performance, and managerial ability

Uncertainty and leverage nexus: does trade credit matter?

Gender income gap in rural informal micro-enterprises: an unconditional quantile decomposition approach in the handloom industry

Board gender diversity, competitive pressure and investment efficiency in Chinese private firms