scholarly journals Macroeconomic Uncertainty and Risk: Collective Optimism of Small-Business Owners

2021 ◽  
pp. 104225872098547
Author(s):  
Pankaj C. Patel ◽  
Mike Tsionas

How small-business owners assess uncertainty and risk in the macroeconomic environment to report optimism toward their business activity is an important research question for policymakers and academics alike. Drawing on a monthly optimism index and a variety of uncertainty and volatility (risk) trackers from January 1986 to June 2017, in line with the expectation that business owners dislike uncertainty in economic policy, economic policy uncertainty may lower optimism. Business investment and sentiment volatility, however, contributed positively to optimism. The findings provide preliminary implications for policymakers in targeting indicators salient to the optimism index of small-business owners.

Author(s):  
Mark E. Schweitzer ◽  
Scott Shane

Small businesses continue to report problems obtaining the financing they need. Because small business owners may rely heavily on the value of their homes to finance their businesses (through mortgages or home equity lines), the fall in housing prices might be one of the causes of their difficulty. We analyze information from a variety of sources and find that homes do constitute a significant source of capital for small business owners and that the impact of the recent decline in housing prices is significant enough to be a real constraint on small business finances.


2020 ◽  
Vol 7 (1) ◽  
pp. 77-94
Author(s):  
Olgu Karan ◽  
Bilge Çakır ◽  
Erhan Kurtarır

Bu yazı, Türkiye’de yeni yeni gelişen göçmen küçük işletme sahipleri yazınına, Hatay’ın Samandağ, Defne, Kırıkhan, Reyhanlı ve Antakya ilçelerinde yapılan alan çalışmasını Bourdieu’nun alan kuramını işlemselleştirerek katkıda bulunmayı amaçlamaktadır.  Araştırmanın temel sorusu, farklı ilçelerin demografik ve sosyo–kültürel yapısının Suriyeli mültecilerin küçük işletme deneyimlerini nasıl etkilediğidir. Saha çalışması, saha gözlemleri, 30 küçük işletmecinin yanı sıra Hatay’ın ilçelerinde bulunan Esnaf ve Sanatkârlar Odası ile Antakya Ticaret Odası’ndan 4 yetkiliyle yapılan derinlemesine mülakatlardan oluşmaktadır. Bugüne kadar birçok çalışmada elde edilen bulguların, alanın ve ilçelerin yapısını hesaba katmadığı, sadece Suriyeli mültecilerin girişimcilik stratejilerine, özelliklerine, oluşturdukları ve sahip oldukları sermaye türlerine odaklandığı görülmüştür. Bu tür araştırmaların bütünlüklü ve ilişkisel bir araştırma ortaya koyamayıp, girişimcilerin alanla ilişkili olarak karşılaştıkları zorlukları ve bunların üstesinden gelmek için geliştirdikleri stratejileri ve adaptasyon süreci farklılıklarını anlamaktan uzak kaldığı da bir gerçektir. Bu bağlamda Türkiye’deki Suriyeli esnaflar yazınında oluşan kolaycılığa kaçan genellemeci, farklı yerel etkenlere bağlı olarak oluşan dinamikleri, deneyimleri ve “entegrasyon” stratejilerini gözden kaçıran eğilimler bu çalışmada eleştirilmektedir. ABSTRACT IN ENGLISH Syrian Refugees Entrepreneurial Experiences and Spatial Factors in Hatay, Turkey This study aims to contribute to the emerging scholarship on Syrian Refugee entrepreneurship in Turkey by utilising Bourdieusian field theory. The main research question of the paper is as follows: How demographic and socio-cultural structures of different districts of Hatay impact on the experiences of Syrian Refugee entrepreneurship in Hatay, Turkey? The research employs field observations and 34 in-depth interviews with 30 small business owners from Syrian refugees in various trades and 4 key persons from trade associations in the districts of Hatay province such as Samandağ, Defne, Antakya, Kırıkhan and Reyhanlı. The research illustrates those demographic, economic and socio-cultural differences within the districts of Hatay province lead to differentiated entry possibilities, barriers, and strategies for Syrian refugees in small business ownership.


2020 ◽  
Vol 21 (1) ◽  
pp. 89-107
Author(s):  
Sung Ho Jang ◽  
Sung Ook Park ◽  
Hyung Jong Na

2012 ◽  
Author(s):  
Tami Gurley-Calvez ◽  
Kandice Kapinos ◽  
Donald James Bruce

2006 ◽  
Vol 19 (2) ◽  
pp. 115-134 ◽  
Author(s):  
Christoph Hienerth ◽  
Alexander Kessler

The problems associated with measuring success in small businesses are primarily caused by a lack of comparable data due to the ambiguity of “success” and by subjective biases. Success evaluation is dominated by the estimates of business owners, who tend to overestimate overall success and internal strengths. However, reliable success measurement instruments would be useful for small business owners/managers as well as small business policymakers. The main purposes of this article are to compare various measures of success, to explore the differences in their outcomes, and to analyze whether a model of success measurement using configurational fit can be used to overcome subjective biases. The study is based on a recent survey of 103 small family-owned businesses in the eastern Austrian border region. Our analysis of the data confirmed the existence of the measurement problems mentioned above. Although some individual indicators show significant biases as well as effects due to company age, size, and industry, the aggregated indicator based on the concept of configurational fit seems to be an appropriate means of overcoming most of these drawbacks.


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