Title: Impact of behavioural attributes and enterprise-related capital on micro-enterprise growth

Authors: Zahoor Ahmad Paray; Lalit Sharma

Addresses: Swarrnim Start-up and Innovation University, Gandhinagar, Gujarat, India ' Indian Institute of Entrepreneurship, Gawahati, Assam, India

Abstract: In the majority of emerging and developing countries, micro-enterprises generate employment, revenue, and contribute considerably to GDP. However, research shows that micro-enterprises do not grow since their primary emphasis is survival rather than expansion. This is primarily due to a lack of funds, market, consumer base, and entrepreneurial spirit. This low growth phenomenon is not well documented in the literature, and no significant research has been undertaken. The study examines a sample of 280 micro-entrepreneurs from three different regions of India. Using a multi-linear regression approach, the results indicate that the existing literature's growth determinants have little impact on enterprise growth. This research can be expanded by considering different industries and business types. A more growth-oriented research, according to the study, is needed to identify major factors influencing micro-enterprise growth in India, in particular, and in the developing world in general.

Keywords: micro-enterprise growth; growth determinants; India; behavioural factors; external factors; regression.

DOI: 10.1504/IJGSB.2022.127227

International Journal of Globalisation and Small Business, 2022 Vol.13 No.2, pp.192 - 210

Received: 11 Sep 2021
Accepted: 15 Jul 2022

Published online: 29 Nov 2022 *

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