Abstract
This study investigated the implications that cash flow problems and resource intermingling between the family and the business had on small business recovery and resilience after a natural disaster. This study contributed to the literature by studying the impact of cash flow problems and resource intermingling on small businesses in two separate periods: right after the natural disaster (period 1) and eight years after the disaster (period 2). Period 1 determined whether the business was in operation directly following Hurricane Katrina. Period 2 investigated success of the small business after Katrina (compared to pre-Katrina success). Results showed that cash flow problems and resource intermingling did not affect operational status directly following Katrina, but did play a role in business resilience in the long run.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 203-214 |
| Number of pages | 12 |
| Journal | Journal of Family and Economic Issues |
| Volume | 42 |
| Issue number | 1 |
| Early online date | Sep 17 2020 |
| DOIs | |
| State | Published - Mar 2021 |
Bibliographical note
Funding Information:This article is based upon material from the Purdue University Project “Small Business Survival and Demise after a Natural Disaster”, supported by NSF Grant #0856221-CMMI and “Small Business Disaster Recovery Process: An Analysis of Rural Communities in Mississippi” supported by USDA-NIFA Grant # 2011-67023-30609.
Publisher Copyright:
© 2020, Springer Science+Business Media, LLC, part of Springer Nature.
Keywords
- Bootstrapping and resource
- Cash flow problems
- Intermingling
- Natural disaster
- Recovery and resilience
- Small businesses