This thesis examines the sources for generating financial and social capital for ethnic small business owners, particularly for Sri Lankan ethnic small businesses in Australia. The results further our understanding of raising capital by introducing a model by generating capital for ethnic small businesses. This model identifies the informal and formal sources of financial capital, factors influencing those sources and networking activities for generating social capital. We found that competition and rising costs are the major business problem for Sri Lankan ethnic small business owners, not raising capital. The reasons for using personal savings as the major surce of capital include difficulties associated with approaching financial institutions and government agencies. The role of networking with ethnic associations was also explored. Finally, recommendations are made to business owners on how to overcome various business problems and to promote better networking activities through ethnic associations. Recommendations are also made to government agency officials to provide information about government progammes, and to financial institutions about satisfying banking needs of ethnic small business owners.
Date of Award | 2006 |
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Original language | English |
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- minority business enterprises
- small business
- Australia
- Sri Lankan
- networking
An analysis of the financing of Sri Lankan small businesses and their use of ethnic networks to support their business endeavours
Devarajan, J. (Author). 2006
Western Sydney University thesis: Doctoral thesis