Who Uses External Business Advice?

Steve Johnson (), Wayne Thomas () and Don Webber
Additional contact information
Steve Johnson: Leeds Metropolitan University
Wayne Thomas: University of the West of England

No 303, Working Papers from Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol

Abstract: This paper examines factors that influence the propensity of a firm to take up external business support using random effects nominal probit regression analysis to capture sector heterogeneity. The results suggest a strong positive association between the orientation of the firm towards growth and its propensity to seek external business advice. ‘Push’ factors, including the existence of recruitment difficulties, are identified as key triggers for the seeking of business advice. These findings demonstrate the value of using advanced econometric techniques to analyse business survey data, and provide valuable guidance to public policy organisations concerned with business development and competitiveness.

Keywords: Business advice; business support policy; multivariate probit analysis (search for similar items in EconPapers)
JEL-codes: C21 D21 M5 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2003-03
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://carecon.org.uk/DPs/0303.pdf First version, 2003 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:uwe:wpaper:0303

Access Statistics for this paper

More papers in Working Papers from Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol Contact information at EDIRC.
Bibliographic data for series maintained by Jo Michell ().