Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/253816 
Year of Publication: 
2021
Citation: 
[Journal:] Journal of Economics, Finance and Administrative Science [ISSN:] 2218-0648 [Volume:] 26 [Issue:] 51 [Publisher:] Emerald Publishing Limited [Place:] Bingley [Year:] 2021 [Pages:] 160-174
Publisher: 
Emerald Publishing Limited, Bingley
Abstract: 
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.
Subjects: 
Ethnic diverse
Financing choices
Small- and medium-sized enterprises
Survival
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

Files in This Item:
File
Size
416.93 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.