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Author:Watson, J.
Everett, J.
Title:Defining Small Business Failure
Journal:International Small Business Journal
1993 : APR-JUN, VOL. 11, p. 35-48
Index terms:AUSTRALIA
SMALL BUSINESS
SHOPPING CENTRES
Language:eng
Abstract:Various definitions for failure identified in the literature have been examined in the study. These definitions have been assessed against a set of criteria that had been developed for the purpose. The study analyses the history of 333 small businesses that began in the period 1973-1988 in six managed shopping centres in Western Australia. The variation in reported failure rates that result from using the various definitions has been illustrated. The results show that the reported average annual failure rate ranged from less than 1 per cent through to 14 per cent depending on which definition of failure is adopted.
SCIMA record nr: 106802
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