Title: Factors affecting micro and small business distress in Austria

Authors: Mario Situm

Addresses: Institute for Corporate Restructuring, University of Applied Sciences Kufstein, Andreas Hofer-Straße 7, 6330 Kufstein, Austria

Abstract: This study analysed the probability of distress of micro and small enterprises in Austria on the basis of financial statement figures, data describing the sector of a company, and the regional and economic situation of the company's location using the resource-based view on a theoretical basis. Results showed that relevant indicators for explaining the distress of micro and small enterprises are the size of the company, key figures from financial statement analysis, the location of the company, affiliation with other companies, and the inflation and unemployment rates of the national economy. The results mostly remain robust even after analysing micro and small enterprises separately.

Keywords: distress; micro and small businesses; resource-based view; network-based view.

DOI: 10.1504/IJEV.2023.129277

International Journal of Entrepreneurial Venturing, 2023 Vol.15 No.1, pp.19 - 62

Received: 27 May 2021
Accepted: 16 May 2022
Published online: 02 Mar 2023 *