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Headd, Brian

doi:10.1023/a:1024433630958

Cited by 530 publications

(104 citation statements)

References 13 publications

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“…Similarly, older and more experienced business owners are more likely to make informed decisions because of lessons learned in the course of business operation (Headd, 2003). These views presuppose that older business owners are likely to experience enterprise growth than younger business owners.…”

Section: Age Of the Entrepreneurmentioning

confidence: 99%

Survival, Growth Strategies and Performance of Women Owned Micro and Small Businesses in Tanzania

Tundui¹,

Tundui²

2012

IJBM

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This study examines the impact of survival and growth strategies adopted by the women micro and small business on performance of their enterprises. The data used in this study were obtained through a survey of 221 microcredit borrowers from PRIDE Microfinance program in Tanzania. The study uses logistic regression analysis to analyse the data. Study results have shown that among the growth strategies adopted by the owners, non-separation of business resources from household resources and ownership of multiple enterprises have a positive effect on enterprise profitability, while the use of unpaid family labour has a negative effect on enterprise profitability. Of the studied household and individual level variables, only household income; and business skills had a positive effect on enterprise performance. Taken together, these results suggest that intermingling of household and business resources; and household incomes were more important in the performance of women enterprises that are supported by microcredit.

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Section: Age Of the Entrepreneurmentioning

confidence: 99%

Survival, Growth Strategies and Performance of Women Owned Micro and Small Businesses in Tanzania

Tundui¹,

Tundui²

2012

IJBM

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“…for the individual entrepreneur (Bartelsman et al 2005;Blackburn & Kovalainen 2009). However, the exit of a firm may also be due to either voluntary or involuntary causes (Headd 2003;van Praag 2003;Cressy 2006), either 'death' or other types of exit such as mergers and acquisitions by other companies (Cefis & Marsili 2005, cf. Storey 1994, the owner's accepting employment elsewhere, retirement or cases in which exiting is part of a conscious strategy.…”

Section: Concluding Discussionmentioning

confidence: 99%

“…Storey 1994, the owner's accepting employment elsewhere, retirement or cases in which exiting is part of a conscious strategy. Thus, a substantial part of what may be deemed business failures may in fact be more correctly interpreted as 'positive exits' (Headd 2003). 6 Sweden was not among these countries.…”

Section: Concluding Discussionmentioning

confidence: 99%

“…According to the 'resource-based perspective' (Alsos et al 2003;Alsos & Carter 2006), firms may develop a competitive advantage through the possession of unique combinations of different resources (Esteve-Pérez & Mañez-Castillejo 2008;Chen et al 2009;Grande et al 2011), encompassing both tangible physical resources (e.g., natural resources and financial assets) and intangible human resources (e.g., competence and information networks) (Cefis & Marsili 2005;Grande et al 2011). Access to financial assets is crucial for both firm entry as well as performance and survival in the short and long term (Binks & Ennew 1996;Headd 2003;Musso & Schiavo 2008;Krasniqi 2009): 'the more own capital is available, the more successful will the small business owner be ' (van Praag 2003: 6;cf. Wiklund & Shepherd 2005;Fairlie & Robb 2009) since it provides a protecting buffer and improves the prerequisites for survival, growth and profitability (Shane 2003).…”

Section: The Structural Realm: Characteristics Of the Firmmentioning

confidence: 99%

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On the importance of forest assets for micro-firm performance

Haugen

Lindgren

2013

Fennia

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“…The problem of obtaining accurate information about the health of SMEs, while not new, is particularly relevant for patterning firms' bankruptcy or default. In the past decades, considerable research (see, e.g., Phillips and Kirchhoff, 1989;Watson and Everett, 1993;Everett and Watson, 1998;Headd, 2003) has been conducted to determine the rates and causation of such default. Early research into corporate bankruptcy prediction involved determining which accounting ratios best predict failure, primarily employing multiple discriminant analysis (MDA) or logit/probit models.…”

Section: Methodsmentioning

confidence: 99%

Credit Risk Management Framework for Rural Commercial Banks in China

Wang¹,

Wang²,

Wang³

2017

JFRM

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Credit risk management (CRM) is to identify, measure, monitor, and control risk arising from the possibility of default in payments. Existing CRM tools available for large financial institutions do not meet the requirements of rural commercial banks (RCBs) because their main customers are SMEs and farming households whose financial data and credit rating records are not available. RCBs in China also expose specific risks connected to rural commercial banking business and in particular farming-related loans and services. Adopting a qualitative analysis approach to identify key factors contributing to failures of RCBs' customers, we endeavour to develop a CRM framework for RCBs in China. The framework, which is based on the identification of business failures of RCBs' customers and factors contributing to failures of SMEs and farming households, incorporates financial and non-financial variables. Using nonfinancial variables along with financial variables as predictors of company failure significantly improves credit analysis quality and accuracy. Also, this study recognises guanxi 1 as risk potentials and includes guanxi risks in the framework. This study has made contributions to the extant literature on CRM of banks in general and RCBs in particular.

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Untitled

Cited by 530 publications

References 13 publications

Survival, Growth Strategies and Performance of Women Owned Micro and Small Businesses in Tanzania

Survival, Growth Strategies and Performance of Women Owned Micro and Small Businesses in Tanzania

On the importance of forest assets for micro-firm performance

Credit Risk Management Framework for Rural Commercial Banks in China

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