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Medientyp:
E-Artikel
Titel:
From adversity to advice: Survival threats as a trigger for sustained engagement with external business support in small firms
Beteiligte:
Jibril, Halima;
Wishart, Maria;
Roper, Stephen
Erschienen:
SAGE Publications, 2023
Erschienen in:
International Small Business Journal: Researching Entrepreneurship, 41 (2023) 5, Seite 488-507
Sprache:
Englisch
DOI:
10.1177/02662426221105004
ISSN:
0266-2426;
1741-2870
Entstehung:
Anmerkungen:
Beschreibung:
This article analyses the relationship between the experience of a crisis and advice seeking in small firms. Although the benefits of business advice and support to smaller firms are well documented, smaller firms are often reluctant to seek external advice, relying instead on informal routines and a focus on daily operations. Conceptualising crisis as a trigger for advice seeking, and using survey data from 2089 small firms, we find a strong and significant relationship between experiencing a crisis and seeking external business advice up to five years after the crisis. This sustained effect on advice seeking is particularly strong for firms who also sought advice at the time of the crisis. Additionally, we find that the effect of a business crisis on sustained advice seeking is stronger for firms subject to a crisis with external origins.