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
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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).