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The Impact of Financial Literacy on New Venture Survival

机译:金融素养对新企业生存的影响

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This is an investigation into the impact of financial literacy on new venture survival. A model is proposed in whichincreased adoption of financial tools (e.g. financial statements and financial ratios) leads to increased frequency offinancial statement generation which in turn increases the likelihood of loan repayment and decreases theprobability of venture failure. A structural model was then tested using data from 509 young entrepreneurs inCanada who had received start up loans through their participation in a program by the Canadian Youth BusinessFoundation. This research found that increases in financial literacy led to more frequent production of financialstatements. This research found that entrepreneurs who produced financial statements more frequently had ahigher probability of loan repayment and a lower probability to close their venture involuntarily.
机译:这是对金融知识对新企业生存的影响的调查。提出了一种模型,其中增加了对财务工具(例如财务报表和财务比率)的采用导致财务报表生成的频率增加,从而增加了还款的可能性并降低了企业破产的可能性。然后使用来自加拿大的509位年轻企业家的数据对结构模型进行了测试,这些企业家通过参与加拿大青年商业基金会的计划而获得了启动贷款。这项研究发现,金融知识的提高导致财务报表的产生更加频繁。这项研究发现,更频繁地制作财务报表的企业家偿还贷款的可能性较高,而自愿关闭企业的可能性较低。

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