Small Business Success or Failure Prediction: A Comparative Study in Ghana and Israel
Small Business Success or Failure Prediction: A Comparative Study in Ghana and Israel
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Date
2019
Authors
Gyimah, Prince
Marom, S
Lussier, R. N
Journal Title
Journal ISSN
Volume Title
Publisher
Journal of Applied Business and Economics
Abstract
This paper tests the Lussier success versus failure prediction model in Ghana, an emerging country and
Israel, a developed country. The logit results of Israel (N = 205; p = 0.000) and Ghana (N = 208; p =
0.000) support the model validity to predict the success or failure of a group of businesses. The accuracy
rate of predicting a specific business as successful or failure was greater than 85 percent in both
countries, with high R square. Testing the t-values of the individual variables in each country revealed
some differences between the two countries; results and implications are presented
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Citation
Gyimah, P., Marom, S., & Lussier, R. N. (2019). Small Business Success or Failure Prediction: A Comparative Study in Ghana and Israel. Journal of Applied Business & Economics, 21(3).