Aidis, R.;
Mickiewicz, T.;
Sauka, A.;
(2010)
Small- and Medium-Sized Businesses' Growth Expectations and Financial Performance in Latvia: Does Ethnicity Matter?
(Economics Working Papers
85).
Centre for the Study of Economic and Social Change in Europe, SSEES, UCL: London, UK.
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Abstract
By applying regulatory focus theory, this paper investigates the impact of both initial confidence and of exactness of growth expectations on subsequent financial performance of the small firms. Drawing on the unique data set based on the repeated survey design, we make one of the first attempts to explore the complexity of this relationship empirically. Overall the findings suggest that controlling for other relevant factors, including actual growth, the entrepreneurs having higher growth expectations perform significantly better later on in terms of profitability. In addition, education has a strong modifying effect: the impact of high growth expectations on subsequent profit performance is stronger for entrepreneurs with lower level of education.
| Type: | Working / discussion paper |
|---|---|
| Title: | Small- and Medium-Sized Businesses' Growth Expectations and Financial Performance in Latvia: Does Ethnicity Matter? |
| Open access status: | An open access version is available from UCL Discovery |
| Publisher version: | http://www.ssees.ucl.ac.uk/wp85sum.htm |
| Language: | English |
| Additional information: | Revised working paper. Original paper 'Growth expectations and financial performance of small businesses. Evidence from Latvia' can be found at http://discovery.ucl.ac.uk/17462/ |
| Keywords: | Entrepreneurial cognition, expectations, performance, regulatory focus theory |
| UCL classification: | UCL > Provost and Vice Provost Offices > UCL SLASH > SSEES |
| URI: | https://discovery.ucl.ac.uk/id/eprint/1382003 |
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Growth expectations and financial performance of small businesses. Evidence from Latvia. (deposited 15 Sep 2009 16:02)
- Small- and Medium-Sized Businesses' Growth Expectations and Financial Performance in Latvia: Does Ethnicity Matter? (deposited 08 Jan 2013 10:52) [Currently Displayed]
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