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Who Uses External Business Advice?

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Author Info

  • Steve Johnson,

    ()
    (Leeds Metropolitan University)

  • Wayne Thomas

    ()
    (University of the West of England)

  • Don Webber

    ()
    (University of the West of England)

Abstract

This paper examines factors that influence the propensity of a firm to take up external business support using random effects nominal probit regression analysis to capture sector heterogeneity. The results suggest a strong positive association between the orientation of the firm towards growth and its propensity to seek external business advice. ‘Push’ factors, including the existence of recruitment difficulties, are identified as key triggers for the seeking of business advice. These findings demonstrate the value of using advanced econometric techniques to analyse business survey data, and provide valuable guidance to public policy organisations concerned with business development and competitiveness.

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File URL: http://carecon.org.uk/DPs/0303.pdf
File Function: First version, 2003
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Bibliographic Info

Paper provided by Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol in its series Working Papers with number 0303.

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Length: 22 pages
Date of creation: Mar 2003
Date of revision:
Handle: RePEc:uwe:wpaper:0303

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Web page: http://www1.uwe.ac.uk/bl/research/bristoleconomics.aspx
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Keywords: Business advice; business support policy; multivariate probit analysis;

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