Title: Factors of small enterprise dynamics in the wood industry

Authors: Joze Kocjancic, Stefan Bojnec

Addresses: University of Primorska, Cankarjeva 5, Koper SI-6000, Slovenia. ' University of Primorska, Cankarjeva 5, Koper SI-6000, Slovenia

Abstract: The survey evidence to investigate factors of small enterprise dynamics in the wood industry in Slovenia is used. The empirical analysis using the statistical multivariate methods showed that the enterprise entry is determined by the role of entrepreneur and by the market environment of the enterprise. The enterprise exit is determined by the enterprise market environment of financial and regulatory nature and to a lesser extent by the role of entrepreneur. Business education, proper enabling institutional and legal frameworks and government policies are additional factors important for enterprise dynamics and enterprise survival in emerging competitive markets.

Keywords: small enterprises; enterprise dynamics; entrepreneurship; business success; multivariate factor analysis; Slovenia; small firms; wood industry; enterprise survival; emerging markets.

DOI: 10.1504/IJMED.2008.019081

International Journal of Management and Enterprise Development, 2008 Vol.5 No.5, pp.529 - 540

Published online: 28 Jun 2008 *

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