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)|
|Number of pages||12|
|Journal||Journal of Family and Economic Issues|
|Early online date||Sep 17 2020|
|State||Published - Mar 2021|
Bibliographical noteFunding 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.
© 2020, Springer Science+Business Media, LLC, part of Springer Nature.
- Bootstrapping and resource
- Cash flow problems
- Natural disaster
- Recovery and resilience
- Small businesses