Small Business Success or Failure Prediction: A Comparative Study in Ghana and Israel

This paper tests the Lussier success versus failure prediction model in Ghana, an emerging country and Israel, a developed country. The logit results of Israel (N = 205; p = 0.000) and Ghana (N = 208; p = 0.000) support the model validity to predict the success or failure of a group of businesses. T...

Full description

Saved in:
Bibliographic Details
Published in:The journal of applied business and economics 2019-07, Vol.21 (3), p.37-52
Main Authors: Gyimah, Prince, Marom, Shaike, Lussier, Robert N
Format: Article
Language:English
Subjects:
Economic development
Economic growth
Employment
Entrepreneurs
Entrepreneurship
Failure
GDP
Gross Domestic Product
Industrialized nations
Managerial skills
Questionnaires
Researchers
Small business
Startups
Studies
Success
Variables
Workforce planning
Citations: Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:This paper tests the Lussier success versus failure prediction model in Ghana, an emerging country and Israel, a developed country. The logit results of Israel (N = 205; p = 0.000) and Ghana (N = 208; p = 0.000) support the model validity to predict the success or failure of a group of businesses. The accuracy rate of predicting a specific business as successful or failure was greater than 85 percent in both countries, with high R square. Testing the t-values of the individual variables in each country revealed some differences between the two countries; results and implications are presented.
ISSN:1499-691X
1499-691X
DOI:10.33423/jabe.v21i3.2079