Year: 2019
Type: article
Abstract: Objective: The aim of the study is to examine the factors such as government policy, financial capital, cultural factors, social factors, and human capital that influence SMEs business success. Research Design & Methods:By observing many factors that affect businesses, this study applies structural equation modeling using partial least squares (PLS-SEM) to provide an understanding on how people may start their business.These factors help to reduce risks of failure and in-crease chances of success.Findings: The results of testing indicate the suitability of the research model with data's re-search.Along with the acceptance of hypotheses, this research model shows the prac-tical meaning of startup performance. Implications & Recommendations:For a sustainable startup, there should be suitable legal policies, including incentive policies on taxes in the first 3-5 years, when new businesses are established.Moreover, we should focus on policies such as credit, guarantee, and loan assistance for startup enterprises in their initial stages to solve their problems.Contribution & Value Added: Many young people in Danang are entrepreneurs.The government also supports these activities and readily assists startup project effectiveness.Therefore, this study helps to understand the factors that affect startup performance.
Author: Tan Le Trinh
Institution: Duy Tan University
Language: English
Subfield: Management of Technology and Innovation
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W2985149302