An analysis of small business in Chile: a correlational study

Robert N. Lussier · Claudia E. Halabí

25 citations0/0 files storedJournal of Small Business and Enterprise Development

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Entrepreneurship Studies and Influences Firm Innovation and Growth Migration, Ethnicity, and Economy

Abstract

Purpose This paper sets out to investigate small business success factors in Chile. Design/methodology/approach The research on which this paper is based involves a survey correlational study involving a sample of 145 small business owners in Chile that replicates Lussier's success variables validated in the USA. Findings The results of this research study show that there were 26 significant correlations between the success variables. A major finding shows that business owners tend not to make much use of professional advisors, yet this factor was correlated with six other variables. Research limitations/implications There were no other small business success factor studies of Chile found in the specialist literature, thus the results could not be compared with findings of similar studies. Practical implications The findings indicate that small business owners and managers may benefit from using more professional advisors. Public policy makers should consider providing more professional help to small business, such as offering services similar to that of the US Small Business Administration. Originality/value This is the first major small business success factor study conducted in Chile. Researchers have a foundation for further research and comparisons.

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References

2005Defining International Entrepreneurship and Modeling the Speed of Internationalization 2002Trade Liberalization, Exit, and Productivity Improvements: Evidence from Chilean Plants 1993Cultural influences on national rates of innovation 2001The internationalization of new and small firms 1979New venture strategies 2007Concentration and foreign penetration in Latin American banking sectors: Impact on competition and risk 1993A Factor Analytic Study of the Perceived Causes of Small Business Failure 1995A Nonfinancial Business Success versus Failure Prediction Model for Young Firms

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