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New and young firms: Entrepreneurship policy and the role of government – evidence from the Federation of Small Businesses survey

David Pickernell Orcid Logo, David Pickernell, Julienne Senyard, Paul Jones Orcid Logo, Gary Packham, Elaine Ramsey

Journal of Small Business and Enterprise Development, Volume: 20, Issue: 2, Pages: 358 - 382

Swansea University Authors: David Pickernell Orcid Logo, Paul Jones Orcid Logo

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DOI (Published version): 10.1108/14626001311326770

Abstract

The purpose of this paper is to investigate whether new and young firms are different from older firms. This analysis is undertaken to explore general characteristics, use of external resources and growth orientation. Data from the 2008 UK Federation of Small Businesses survey provided 8,000 respons...

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Published in: Journal of Small Business and Enterprise Development
ISSN: 1462-6004
Published: Emerald Publishing Ltd 2013
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URI: https://cronfa.swan.ac.uk/Record/cronfa44602
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first_indexed 2018-09-26T12:59:58Z
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spelling 2018-09-26T08:14:38.3415104 v2 44602 2018-09-26 New and young firms: Entrepreneurship policy and the role of government – evidence from the Federation of Small Businesses survey 913bd73da00d7df4f5038f6f144b235e 0000-0003-0912-095X David Pickernell David Pickernell true false 21e2660aaa102fe36fc981880dd9e082 0000-0003-0417-9143 Paul Jones Paul Jones true false 2018-09-26 BBU The purpose of this paper is to investigate whether new and young firms are different from older firms. This analysis is undertaken to explore general characteristics, use of external resources and growth orientation. Data from the 2008 UK Federation of Small Businesses survey provided 8,000 responses. Quantitative analysis identified significantly different characteristics of firms from 0‐4, 4‐9, 9‐19 and 20+ years. Factor analysis was utilised to identify the advice sets, finance and public procurement customers of greatest interest, with ANOVA used to statistically compare firms in the identified age groups with different growth aspirations. The findings reveal key differences between new, young and older firms in terms of characteristics including business sector, owner/manager age, education/business experience, legal status, intellectual property and trading performance. New and young firms were more able to access beneficial resources in terms of finance and advice from several sources. New and young firms were also able to more easily access government and external finance, as well as government advice, but less able to access public procurement. New and young firms are utilising external networks to access several resources for development purposes, and this differs for older firms. This suggests that a more explicit age‐differentiated focus is required for government policies aimed at supporting firm growth. The study provides important baseline data for future quantitative and qualitative studies focused on the impact of firm age and government policy. Journal Article Journal of Small Business and Enterprise Development 20 2 358 382 Emerald Publishing Ltd 1462-6004 Firm age, Entrepreneurs, Knowledge management, External resources, Enterprising individuals, United Kingdom, Business development, Enterprise development, Government policy, Small businesses 1 4 2013 2013-04-01 10.1108/14626001311326770 https://www.emeraldinsight.com/doi/abs/10.1108/14626001311326770 COLLEGE NANME Business COLLEGE CODE BBU Swansea University 2018-09-26T08:14:38.3415104 2018-09-26T08:14:38.3571066 Faculty of Humanities and Social Sciences School of Management - Business Management David Pickernell 0000-0003-0912-095X 1 David Pickernell 2 Julienne Senyard 3 Paul Jones 0000-0003-0417-9143 4 Gary Packham 5 Elaine Ramsey 6
title New and young firms: Entrepreneurship policy and the role of government – evidence from the Federation of Small Businesses survey
spellingShingle New and young firms: Entrepreneurship policy and the role of government – evidence from the Federation of Small Businesses survey
David Pickernell
Paul Jones
title_short New and young firms: Entrepreneurship policy and the role of government – evidence from the Federation of Small Businesses survey
title_full New and young firms: Entrepreneurship policy and the role of government – evidence from the Federation of Small Businesses survey
title_fullStr New and young firms: Entrepreneurship policy and the role of government – evidence from the Federation of Small Businesses survey
title_full_unstemmed New and young firms: Entrepreneurship policy and the role of government – evidence from the Federation of Small Businesses survey
title_sort New and young firms: Entrepreneurship policy and the role of government – evidence from the Federation of Small Businesses survey
author_id_str_mv 913bd73da00d7df4f5038f6f144b235e
21e2660aaa102fe36fc981880dd9e082
author_id_fullname_str_mv 913bd73da00d7df4f5038f6f144b235e_***_David Pickernell
21e2660aaa102fe36fc981880dd9e082_***_Paul Jones
author David Pickernell
Paul Jones
author2 David Pickernell
David Pickernell
Julienne Senyard
Paul Jones
Gary Packham
Elaine Ramsey
format Journal article
container_title Journal of Small Business and Enterprise Development
container_volume 20
container_issue 2
container_start_page 358
publishDate 2013
institution Swansea University
issn 1462-6004
doi_str_mv 10.1108/14626001311326770
publisher Emerald Publishing Ltd
college_str Faculty of Humanities and Social Sciences
hierarchytype
hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Business Management{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Business Management
url https://www.emeraldinsight.com/doi/abs/10.1108/14626001311326770
document_store_str 0
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description The purpose of this paper is to investigate whether new and young firms are different from older firms. This analysis is undertaken to explore general characteristics, use of external resources and growth orientation. Data from the 2008 UK Federation of Small Businesses survey provided 8,000 responses. Quantitative analysis identified significantly different characteristics of firms from 0‐4, 4‐9, 9‐19 and 20+ years. Factor analysis was utilised to identify the advice sets, finance and public procurement customers of greatest interest, with ANOVA used to statistically compare firms in the identified age groups with different growth aspirations. The findings reveal key differences between new, young and older firms in terms of characteristics including business sector, owner/manager age, education/business experience, legal status, intellectual property and trading performance. New and young firms were more able to access beneficial resources in terms of finance and advice from several sources. New and young firms were also able to more easily access government and external finance, as well as government advice, but less able to access public procurement. New and young firms are utilising external networks to access several resources for development purposes, and this differs for older firms. This suggests that a more explicit age‐differentiated focus is required for government policies aimed at supporting firm growth. The study provides important baseline data for future quantitative and qualitative studies focused on the impact of firm age and government policy.
published_date 2013-04-01T03:55:53Z
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score 11.013731

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