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RESOURCES AND FAILURE OF SMEs: ANOTHER LOOK

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  • DENSIL A. WILLIAMS

    (Mona School of Business and Management, University of West Indies, Mona, Jamaica)

Abstract

Failure among SMEs has been attributed to size, age, location and being part of particular industries and not part of a network. These determinants, if used as surrogates for resources, suggest firms that lack such resources are more susceptible to failure. Using the resource-based view of the firm, this paper aims to do a post-mortem examination on the attributes of failed SMEs by analyzing data of more than 13,000 failed firms in the UK between 1999 and 2009. The findings reveal that failure is not merely a function of lack of resources. Although these findings shed new light on attributes of failed SMEs, there are still some limitations to the work that must be taken into consideration when applying the results.

Suggested Citation

  • Densil A. Williams, 2014. "RESOURCES AND FAILURE OF SMEs: ANOTHER LOOK," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 19(01), pages 1-15.
    • Handle: RePEc:wsi:jdexxx:v:19:y:2014:i:01:n:s1084946714500071
    DOI: 10.1142/S1084946714500071
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    Citations

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    Cited by:

    1. Christophe Schalck & Meryem Yankol-Schalck, 2021. "Predicting French SME failures: new evidence from machine learning techniques," Applied Economics, Taylor & Francis Journals, vol. 53(51), pages 5948-5963, November.
    2. Ngo Vi Dung & Nguyen Ngoc Thang & Frank Janssen & Damian Hine, 2017. "Employment Contract And Smes’ Innovation In Developing And Transition Economies: The Case Of Vietnam," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 22(04), pages 1-20, December.
    3. Marshall, David R. & Meek, William R. & Swab, R. Gabrielle & Markin, Erik, 2020. "Access to resources and entrepreneurial well-being: A self-efficacy approach," Journal of Business Research, Elsevier, vol. 120(C), pages 203-212.
    4. Nikolić Nenad & Jovanović Ivan & Nikolić Đorđe & Mihajlović Ivan & Schulte Peter, 2019. "Investigation of the Factors Influencing SME Failure as a Function of Its Prevention and Fast Recovery after Failure," Entrepreneurship Research Journal, De Gruyter, vol. 9(3), pages 1-21, July.
    5. Stone, Billy, 2017. "Exploring the Success and Failure of Small Business in Beckley, West Virginia," OSF Preprints 8xmt6, Center for Open Science.
    6. Densil A. Williams, 2016. "Can Neural Networks Predict Business Failure? Evidence From Small High Tech Firms In The Uk," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 21(01), pages 1-17, March.

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