TY - JOUR
T1 - Emergency situations in SMEs
T2 - Are entrepreneurs prepared?
AU - Kleijn, Els
AU - Masurel, Enno
AU - Montfort, Kees Van
PY - 2012
Y1 - 2012
N2 - Acute emergency situations in the personal life of the entrepreneurs in small and medium-sized enterprises (SMEs) can play an important role in the premature, involuntary cessation of businesses. In this paper, it is empirically investigated how entrepreneurs prepare for these emergency situations (disablement, death, prolonged illness, and divorce). Only a small minority of the entrepreneurs in our sample had prepared well for all four emergency situations. The age of the entrepreneur and firm size both influence this preparation. Furthermore, previous experience of a certain emergency situation leads to better preparation for such an emergency situation in the future.
AB - Acute emergency situations in the personal life of the entrepreneurs in small and medium-sized enterprises (SMEs) can play an important role in the premature, involuntary cessation of businesses. In this paper, it is empirically investigated how entrepreneurs prepare for these emergency situations (disablement, death, prolonged illness, and divorce). Only a small minority of the entrepreneurs in our sample had prepared well for all four emergency situations. The age of the entrepreneur and firm size both influence this preparation. Furthermore, previous experience of a certain emergency situation leads to better preparation for such an emergency situation in the future.
KW - Emergency situations
KW - Entrepreneurs
KW - Planning
KW - Preparation
KW - SMEs
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U2 - 10.1504/IJEIM.2012.051946
DO - 10.1504/IJEIM.2012.051946
M3 - Article
AN - SCOPUS:84873901817
SN - 1368-275X
VL - 16
SP - 159
EP - 172
JO - International Journal of Entrepreneurship and Innovation Management
JF - International Journal of Entrepreneurship and Innovation Management
IS - 3-4
ER -