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Analyzing Business Failure in Relation to the Life Cycle of the Business and the Economic Cycle: A Study of Entrepreneurial Ventures in Hwange ( Zimbabwe)

机译:分析与业务生命周期和经济周期有关的业务失败:万基(津巴布韦)的创业企业研究

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The research was aimed at establishing the relationships that exist among business failure, economic cycle and the life cycle (age) of the businesses under study using a quantitative data which was recorded and coded using the Stat 11 package. Qualitative methods were however employed to further compliment the quantitative methods, in which interviews were carried out to get respondents to clarify some ambiguous issues on the questionnaires administered. It was established from the results obtained that probability of business failure diminishes with age of the business and that of the owner as well. In a recession phase results indicated a negative impact on businesses as it was established that they lead to business failure and during a period of boom results showed a positive impact on business . It was further established that there are variations as to the magnitude of the factors that affect businesses with new firms being susceptible to failure than the old firms. Key words: business failure, entrepreneurial life cycle, economic cycle
机译:该研究旨在使用定量数据建立在研究中的业务失败,经济周期和生命周期(年龄)之间的关系,该数据使用Stat 11软件包进行记录和编码。但是,采用定性方法进一步补充了定量方法,在这种方法中,进行了访谈,以使受访者在所管理的调查表中澄清一些模棱两可的问题。从获得的结果可以确定,企业倒闭的概率随着企业和所有者的年龄而降低。在衰退期,结果表明会对业务产生负面影响,因为已经确定它们会导致业务失败,并且在繁荣时期,结果表明会对业务产生积极影响。进一步确定的是,影响因素的大小存在差异,新企业比旧企业更容易遭受失败的影响。关键词:企业倒闭,创业生命周期,经济周期

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