Nature and Importance of Small Business in Regional Australia, with a Contrast to Studies of Urban Small Businesses
Samanthala Hettihewa & Christopher S. Wright
Abstract
Regional small businesses (Regional-SBs) are considered important to sustaining regional socio-economic viability. However, the presence, nature, and causes of differences between Regional-SBs and Urban-SBs are often overlooked in the literature and in the development of regional policy. This study shows the presence and import of such differences by applying theory and statistically contrasting a sample from 2 195 Regional-SBs with published average-Australian-SB data. It was found that, on average, Regional-SBs are profoundly more durable and, hence, creditworthy than average Australian-SBs, but may be at risk because they are slower in applying new technology. The durability/survivorship of Regional-SBs is strongly influenced by their attributes, including size. More studies on the extent and causes of variability in SB durability are needed.
8 citations
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.37 × 0.4 = 0.15 |
| M · momentum | 0.80 × 0.15 = 0.12 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.