Reports on an empirical investigation into how small, family-owned businesses in Jamaica raise financing for business start-up and business growth. Access to finance has been one of the most critical issues affecting the growth and survival of these firms in the Jamaican economy but very little empirical work has been done in this area. This study uses survey data collected from over 250 family-owned enterprises from all the industrial sectors in the economy and analyzed, using multivariate statistical techniques. The results revealed that internal sources of financing are usually used to finance business start-up while external sources are used to finance business growth.
Hamburg, Germany: Institut fur Iberoamerika-Kunde (IIK), GIGA German Institute of Global and Area Studies/Leibniz-Institut fur Globale und Regionale Studien
Location:
African American Research Center, Library, University of Illinois at Urbana-Champaign
The economies of Latin America and the Caribbean have quickly recovered from the global financial crisis. With growth rates exceeding 6 percent from the previous year in 2010, the economies outpaced the OECD, which grew only by 2.3 percent. The growth prospects for the region are further analyzed.