The Determinants of Entrepreneurial Success: An Application to Micro-Enterprises Financed by Microcredit in France

Serge Valant Gandja () and Marinette Kamaha
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Serge Valant Gandja: Department of Accounting-Finance-Economy, Kedge Business School, 680 Cours de la Liberation, 33405 Talence, France
Marinette Kamaha: Department of Finance, EDC Business School, 74/80 Rue Roque de Fillol, 92800 Puteaux, France

IJFS, 2024, vol. 12, issue 3, 1-16

Abstract: Micro-enterprises are at the heart of industrialized countries’ political concerns, particularly in Europe. If the latter are the subject of such special attention, it is because of their important role in terms of economic growth. This study evaluated the factors of business success as a multidimensional and multifaceted construct that integrates three aspects: entrepreneurial continuity, economic success, and entrepreneur satisfaction. Together, we included these three aspects in an econometric analysis using an ordered Probit model. We propose, from a new angle, an understanding of the determinants of the sustainable performance of micro-enterprises, in this case, those financed by microcredit in France. Our results show that total success seems to be explained in particular by elements from financial and human capital, motivation, and entrepreneurial support.

Keywords: microcredit; micro-enterprise; business success; multidimensional factors; Probit model (search for similar items in EconPapers)
JEL-codes: F2 F3 F41 F42 G1 G2 G3 (search for similar items in EconPapers)
Date: 2024
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