Abstract
Original language | English |
---|---|
Place of Publication | Birmingham |
Publisher | Aston University |
ISBN (Print) | 9781854496744 |
Publication status | Published - Feb 2007 |
Fingerprint
Bibliographical note
RP0704Keywords
- ethnic minorities
- finance
- graduates
- gender
- small firms
- entrepreneurship
Cite this
}
Access to start up finance for ethnic minority graduate entrepreneurs in the West Midlands: a gendered perspective. / Hannon, Paul; Hussain, Javed.
Birmingham : Aston University, 2007.Research output: Working paper
TY - UNPB
T1 - Access to start up finance for ethnic minority graduate entrepreneurs in the West Midlands: a gendered perspective
AU - Hannon, Paul
AU - Hussain, Javed
N1 - RP0704
PY - 2007/2
Y1 - 2007/2
N2 - This aim of this paper, from a study funded by the National Council for Graduate Entrepreneurship (NCGE), is to explore access to finance for ethnic minority graduate entrepreneurs (EMGEs) with a particular focus on comparisons between different ethnic groups, and men and women. The authors interviewed selected individuals based upon a review of literature on finance for ethnic minority enterprise. A number of key results from the survey, in that EMGEs: • use external finance significantly (more so than non graduates) and encounter barriers in accessing finance at start-up, in particular those belonging to poor families. • rely excessively on personal savings and family finance, at the start-up and long after the start-up stage, that has implications for the optimal capital structure. • start up businesses that are, on average, larger than non-graduate enterprises and have the potential to reduce economic inactivity amongst the ethnic population. • have, in contrast to general graduate start-ups, a high level of unemployment, take a longer period of time to enter employment and there is a higher level of dissatisfaction with career progression. These findings raise the question whether the right financial advice is taken and whether this behaviour constrains EMGEs' expansion.
AB - This aim of this paper, from a study funded by the National Council for Graduate Entrepreneurship (NCGE), is to explore access to finance for ethnic minority graduate entrepreneurs (EMGEs) with a particular focus on comparisons between different ethnic groups, and men and women. The authors interviewed selected individuals based upon a review of literature on finance for ethnic minority enterprise. A number of key results from the survey, in that EMGEs: • use external finance significantly (more so than non graduates) and encounter barriers in accessing finance at start-up, in particular those belonging to poor families. • rely excessively on personal savings and family finance, at the start-up and long after the start-up stage, that has implications for the optimal capital structure. • start up businesses that are, on average, larger than non-graduate enterprises and have the potential to reduce economic inactivity amongst the ethnic population. • have, in contrast to general graduate start-ups, a high level of unemployment, take a longer period of time to enter employment and there is a higher level of dissatisfaction with career progression. These findings raise the question whether the right financial advice is taken and whether this behaviour constrains EMGEs' expansion.
KW - ethnic minorities
KW - finance
KW - graduates
KW - gender
KW - small firms
KW - entrepreneurship
M3 - Working paper
SN - 9781854496744
BT - Access to start up finance for ethnic minority graduate entrepreneurs in the West Midlands: a gendered perspective
PB - Aston University
CY - Birmingham
ER -