The reality of financing small tourism firms: The case of Indian tourism SMEs

Javed Hussain; Navjot Sandhu; Hatem El-Gohary; David Edwards

doi:10.4018/IJCRMM.2020010105

The reality of financing small tourism firms: The case of Indian tourism SMEs

Javed Hussain, Navjot Sandhu, Hatem El-Gohary, David Edwards

Research output: Contribution to journal › Article › peer-review

5 Citations (Scopus)

Abstract

Small tourist firms occupy an important place within the Indian tourism industry and make a significant contribution towards gross domestic production. This study investigates access to and finance preferences of SME tourism firms in the Punjab area, India. The study employed a post-positivist research approach depending on semi-structured questionnaires and interviews. The findings confirmed that tourism firms relied on pecking order trajectory, drawing capital from own savings, family and informal lenders, which is consistent with the literature. The study provides a unique insight into issues related to tourism firms and benchmarks findings with SME literature to identify the salient points.

Original language	English
Pages (from-to)	64-80
Number of pages	17
Journal	International Journal of Customer Relationship Marketing and Management
Volume	11
Issue number	1
DOIs	https://doi.org/10.4018/IJCRMM.2020010105
Publication status	Published - 1 Jan 2020
Externally published	Yes

Keywords

Entrepreneurial Finance
Finance
Financing Preferences
India
SMEs
STFs
Tourism
Tourism Small Businesses

ASJC Scopus subject areas

Management Information Systems
Business and International Management
Information Systems
Marketing
Information Systems and Management

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.4018/IJCRMM.2020010105

Cite this

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abstract = "Small tourist firms occupy an important place within the Indian tourism industry and make a significant contribution towards gross domestic production. This study investigates access to and finance preferences of SME tourism firms in the Punjab area, India. The study employed a post-positivist research approach depending on semi-structured questionnaires and interviews. The findings confirmed that tourism firms relied on pecking order trajectory, drawing capital from own savings, family and informal lenders, which is consistent with the literature. The study provides a unique insight into issues related to tourism firms and benchmarks findings with SME literature to identify the salient points.",

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The reality of financing small tourism firms: The case of Indian tourism SMEs

Abstract

Keywords

ASJC Scopus subject areas

UN SDGs

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