A Comparison of Failed and Non-failed Small Businesses in the United States: Do Men and Women Use Different Planning and Decision Making Strategies?
Vol. Volume 7, Number 4 December/2002
Stephen C. Perry
The primary objective of this study was to investigate the influence of gender in U. S. small business failures. A "failure" was defined as a bankruptcy with losses to creditors, and firms with fewer than 500 employees were considered “small.” Recently failed firms were selected randomly and matched with non-failed firms on the basis of age, size, industry, and location. The sampling frame was businesses listed in the Dun & Bradstreet credit reporting database. A crosstabulation was used to investigate the influence of gender on firm failure. The main conclusion regarding gender was that it does not appear to be related to the failure of small businesses in the U. S. Gender differences for both failed and non-failed firms were also investigated for contextual variables and variables having to do with planning and problems with strategy.