Table 4.

Summary of descriptive statistics

ParticularsMeanParticularsMean
Firm age5.78Choice for domestic business68%
Employees8.31Competition: local SMEs87%
Owner age42.6Compliance61%
Access to finance98%Innovation – growth26%
Retained earnings63%Experience87%
Lack of adaptability61%Gender83%
Expectation on government78%Internationalisation-risk56%
Financing options (internal)66%Exit strategies24%
Source: Own elaboration

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