Assessing the Non-Financial Predictors of the Success and Failure of Young Firms in the Netherlands

Ghislain Houben (), Willem Bakker () and Philip Vergauwem ()
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Ghislain Houben: University Hasselt, Belgium
Willem Bakker: Universiteit Maastricht, The Netherlands
Philip Vergauwem: Universiteit Maastricht, The Netherlands

Economics and Applied Informatics, 2005, issue 1, 5-14

Abstract: In this study, the Lussier (1995) success and failure prediction model is improved and tested on a sample of Dutch firms. Besides clearly defining a specific business plan, work experience is added as a variable, and contrary to previous researches, the discrete variables are dealt with appropriate this time. The results of this improved model show that product/service timing, planning, management experience, knowledge of marketing, economic timing, professional advice, and having a business partner are predictors of success and failure for young firms in the Netherlands.

Keywords: Business Planning; Small Business; and Success in Business (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fseeai:y:2005:i:1:p:5-14

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