CONSERVATION AREA START-UPS: COMBINING THEORY AND PRACTICE

Norman S. Wright, Jeff Caneen (), Nathan Alexander and Andrew Gomez
Additional contact information
Norman S. Wright: College of Business, Alfaisal University Riyadh, Saudi Arabia
Jeff Caneen: Department of Hospitality and Tourism, Brigham Young University Hawaii, 55-220, Kulanui St., Box 1956 Laie, Hawaii 96762, USA
Nathan Alexander: The Hallstrom Group Honolulu, Hawaii, USA
Andrew Gomez: Red Bull North America Santa Monica, California, USA

Journal of Developmental Entrepreneurship (JDE), 2010, vol. 15, issue 01, 55-67

Abstract: Business start-ups by indigenous people in wildlife conservation areas are prone to failure. Funding issues have been identified as a contributing cause of the disappointing results. A great deal has been written about capital structure both in the start-up literature and the corporate literature, but the applicability of this research to small, indigenous start-ups in and around conservation areas is lacking. Although current practice dictates a reliance on equity, we apply the relevant corporate and start-up research to the conservation area context in an attempt to better understand the capital funding question. The results argue that equity funding is appropriate in the early stages for control and liquidity reasons. However, it also shows that greater attention could be paid to some degree of early debt financing to create debt discipline and later debt funding for motivational and financial discipline purposes.

Keywords: Indigenous entrepreneurship; sustainability; triple bottom line (search for similar items in EconPapers)
Date: 2010
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S1084946710001464
Access to full text is restricted to subscribers

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:wsi:jdexxx:v:15:y:2010:i:01:n:s1084946710001464

Ordering information: This journal article can be ordered from

DOI: 10.1142/S1084946710001464

Access Statistics for this article

Journal of Developmental Entrepreneurship (JDE) is currently edited by Peter Koveos

More articles in Journal of Developmental Entrepreneurship (JDE) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().