JOURNAL OF APPLIED BUSINESS AND ECONOMICS
Small Business Success or Failure Prediction: A Comparative Study in Ghana and Israel
Author(s): Prince Gyimah, Shaike Marom, Robert N. Lussier
Citation: Prince Gyimah, Shaike Marom, Robert N. Lussier, (2019) "Small Business Success or Failure Prediction: A Comparative Study in Ghana and Israel," Journal of Applied Business and Economics, Vol. 21, Iss.3, pp. 37-52
Article Type: Research paper
Publisher: North American Business Press
Abstract:
This paper tests the Lussier success versus failure prediction model in Ghana, an emerging country and
Israel, a developed country. The logit results of Israel (N = 205; p = 0.000) and Ghana (N = 208; p =
0.000) support the model validity to predict the success or failure of a group of businesses. The accuracy rate of predicting a specific business as successful or failure was greater than 85 percent in both countries, with high R square. Testing the t-values of the individual variables in each country revealed some differences between the two countries; results and implications are presented.