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From adversity to advice : survival threats as a trigger for sustained engagement with external business support in small firms
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Jibril, Halima, Wishart, Maria and Roper, Stephen (2023) From adversity to advice : survival threats as a trigger for sustained engagement with external business support in small firms. International Small Business Journal: Researching Entrepreneurship, 41 (5). pp. 488-507. doi:10.1177/02662426221105004 ISSN 1741-2870.
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WRAP-from-adversity-to-advice-survival-threats-trigger-sustained-engagement-external-business-support-small-firms-2022.pdf - Published Version - Requires a PDF viewer. Available under License Creative Commons: Attribution-Noncommercial 4.0. Download (597Kb) | Preview |
Official URL: https://doi.org/10.1177/02662426221105004
Abstract
This article analyses the relationship between the experience of a crisis and advice seeking in small firms. Although the benefits of business advice and support to smaller firms are well documented, smaller firms are often reluctant to seek external advice, relying instead on informal routines and a focus on daily operations. Conceptualising crisis as a trigger for advice seeking, and using survey data from 2089 small firms, we find a strong and significant relationship between experiencing a crisis and seeking external business advice up to 5 years after the crisis. This sustained effect on advice seeking is particularly strong for firms who also sought advice at the time of the crisis. Additionally, we find that the effect of a business crisis on sustained advice seeking is stronger for firms subject to a crisis with external origins.
| Item Type: | Journal Article | ||||||||
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| Subjects: | H Social Sciences > HD Industries. Land use. Labor | ||||||||
| Divisions: | Faculty of Social Sciences > Warwick Business School > Entrepreneurship, Innovation & Management Faculty of Social Sciences > Warwick Business School |
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| SWORD Depositor: | Library Publications Router | ||||||||
| Library of Congress Subject Headings (LCSH): | Small business, Small business -- Risk management , Crisis management , Organizational resilience | ||||||||
| Journal or Publication Title: | International Small Business Journal: Researching Entrepreneurship | ||||||||
| Publisher: | SAGE Publications | ||||||||
| ISSN: | 1741-2870 | ||||||||
| Official Date: | August 2023 | ||||||||
| Dates: |
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| Volume: | 41 | ||||||||
| Number: | 5 | ||||||||
| Page Range: | pp. 488-507 | ||||||||
| DOI: | 10.1177/02662426221105004 | ||||||||
| Status: | Peer Reviewed | ||||||||
| Publication Status: | Published | ||||||||
| Access rights to Published version: | Open Access (Creative Commons) | ||||||||
| Date of first compliant deposit: | 22 September 2022 | ||||||||
| Date of first compliant Open Access: | 23 September 2022 |
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