Stay alert, save businesses. Planning for adversity among immigrant entrepreneurs

International Journal of Entrepreneurial Behavior & Research
Authors:
Diego Campagnolo (dSEA Unipd),Catherine Laffineur (Université Côte d'Azur), Simona Leonelli (dSEA Unipd), Aloña Martiarena (IE Business School), Matthias A. Tietz (University of St Gallen), Maria Wishart (Warwick Business School).
Planning for adversity is the ability of a firm to detect unexpected events before they arise preventing their consequences.
In this paper, the authors investigate if and how SMEs' planning for adversity affects firms' performance.
Their findings show that immigrant-led SMEs are characterized by a lower performance level and that they are less likely to implement an adversity plan, especially when they are in an enclave sector. Finally, planning for adversity is good for SMEs performance and allows to pick up early warning signals of a threat, to be prepared for crises before they arise and before the firm is damaged.
Read the full paper: https://unipd.link/Paper_Campagnolo_Leonelli

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