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dc.contributor.authorMaes, Johan
dc.contributor.authorSels, Luc
dc.contributor.authorRoodhooft, Filip
dc.date.accessioned2017-12-02T14:16:56Z
dc.date.available2017-12-02T14:16:56Z
dc.date.issued2004
dc.identifier.urihttp://hdl.handle.net/20.500.12127/1298
dc.description.abstractIn a free market economy the importance of small business as a major job supplier, innovator and source of growth is widely recognized. Given the importance of small business for an economy, the survival, success and performance of these firms is an issue of continuous concern. Research that can lead to the identification of those factors associated with small business performance is of great interest to policy makers, owner-managers and their advisors. This article aims at detecting predictors of small business profitability. Our objective is to distinguish internal factors of small construction companies that enhance firm profitability. Based on the data of an empirical survey in the construction industry to which certified financial data has been added, this paper investigates the influence of owner-manager human capital characteristics and selected management practices on the profitability of small construction companies. For this purpose, we develop and test a structural model. Results indicate that industry experience and level of education of the owner-manager and management practices such as avoidance of cash credit and the use of actual costing systems contribute to higher profitability. Furthermore, owner-manager human capital characteristics influence profitability both directly and indirectly. Keywords: small business profitability, management practices, owner-manager human capital, structural model
dc.language.isoen
dc.publisherVlerick Business School
dc.subjectEntrepreneurship
dc.titleLearning about small business profitability: the influence of management practices and owner-manager human capital 
dc.source.issue7
dc.source.numberofpages38
vlerick.knowledgedomainEntrepreneurship
vlerick.supervisor
vlerick.typecommWorking paper
vlerick.vlerickdepartmentP&O
vlerick.vlerickdepartmentA&F
dc.relation.urlhttp://public.vlerick.com/Publications/ce65a6b1-69a9-e011-8a89-005056a635ed.pdf
dc.identifier.vperid55033
dc.identifier.vperid51506
dc.identifier.vperid44466
dc.identifier.vpubid1356


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