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Featured researches published by Holly Schrank.


Journal of Small Business Management | 2010

Socially Responsible Processes of Small Family Business Owners: Exploratory Evidence from the National Family Business Survey

Margaret A. Fitzgerald; George W. Haynes; Holly Schrank; Sharon M. Danes

The purpose of this exploratory study is to ascertain the impact of family, business, and community factors on the socially responsible processes of small family businesses, and investigate the influence of financial success and attitudes toward community on these processes. The research is grounded in the Sustainable Family Business Theory, which has been enhanced to include the interactive and collaborative action, both economically and socially, of family businesses and their communities. Data are from the National Family Business Survey, 2000 panel. The processes studied include interpersonal transactions in the form of community leadership and holding an elected or appointed office, and resource transactions in the form of providing financial or technical assistance in community development, and providing donations to local programs. Models assessed the probability and intensity of assistance provided by family businesses. The findings indicate that the social and economic climate of the community may contribute to the performance of responsible actions by businesses because human, social and financial capital resources from both the family and the business can be used to solve problems in the community. The most robust result was that individuals with very positive attitudes about their local communities were more likely to serve in leadership positions and make financial and technical contributions to the community. Business owners in economically vulnerable communities were willing to assume more responsibility to fill leadership positions in the community and make substantial contributions of financial and technical assistance than those in less vulnerable communities. Policymakers must recognize the many contributions of family businesses and forge rural developmentpolicies that not only help sustain existing businesses and fuel the engine of economic growth, but encourage human capital development, and, in turn, enhance the contributions of the family and the business to their community.


Natural Hazards | 2013

Small-business demise and recovery after Katrina: rate of survival and demise

Holly Schrank; Maria I. Marshall; Adrienne Hall-Phillips; Renee F. Wiatt; Nicole E. Jones

Post-disaster research is often plagued by displacement of subjects, loss of infrastructure, and the disruption of communication. Economic losses and business disruptions caused by a disaster tend to affect small businesses on a greater scale. With the majority of small businesses being operated out of a home, the inability to recover affects both economic and overall well-being of the business and the family. Specifically for small businesses, post-disaster research is important because it leads to increased preparedness and survival strategies for the sector and reduced economic vulnerabilities in owner-controlled areas. Historically, most of what is known about preparation, response, and recovery of small businesses from natural disasters is based on businesses that have recovered. However, there exists a need for understanding recovery also from the perspective of those that tried, but failed to recover. Grounded in a pragmatic approach, this study presents a methodology for tracking demised small businesses after Hurricane Katrina. Supported by empirical evidence, solutions to the problems of timing, generalizability, and access are presented, providing a systematic methodology for successfully studying small businesses after a disaster event. Rate of survival and demise data are presented, providing more useful numbers than prior estimates. Locating demised and recovered small businesses efficiently is the first step in understanding how business owners prepare, react, adjust, and strive to recover from disaster-driven events. A solution to this challenging issue of access makes the study of demised small businesses possible.


Natural Hazards | 2014

Small business disaster recovery: a research framework

Maria I. Marshall; Holly Schrank

Exogenous, non-normative shocks to small businesses such as natural disasters have been understudied. Moreover, most disaster research on small businesses has focused on business recovery as a dichotomy at one point in time. However, disaster recovery for small businesses is an iterative process set in the context of individual, family/household, and community recovery over time. A new dynamic research framework for small business recovery is proposed which allows for a shared framework and vocabulary.


Natural Hazards | 2015

Predicting small business demise after a natural disaster: an analysis of pre-existing conditions

Maria I. Marshall; Linda S. Niehm; Sandra Sydnor; Holly Schrank

Few studies of small businesses have addressed demise in post-disaster environments, and the factors that lead to business demise after natural disasters are not well understood. This study explored demise by interviewing a random sample of small business owners whose businesses survived or met demise following Hurricane Katrina. The goal of this study was to determine whether businesses that met demise could be predicted based on pre-existing characteristics of those businesses and their owners. Findings indicated that businesses owned by women, minorities, and veterans were more likely to meet demise. Owners with more industry experience and older businesses were less likely to meet demise, along with larger businesses (number of employees) and service-based businesses. Businesses that had prior disaster experience and prior cash flow problems were also less likely to meet demise post-Katrina, suggesting that prior experiences with some type of adversity may provide knowledge and insight that aid small business owners during subsequent experiences during disaster preparation, response, and recovery periods. Home-based businesses were also less likely to meet demise, whereas businesses located in coastal counties were more likely to meet demise.


Natural Hazards | 2017

Analysis of post-disaster damage and disruptive impacts on the operating status of small businesses after Hurricane Katrina

Sandra Sydnor; Linda S. Niehm; Yoon G. Lee; Maria I. Marshall; Holly Schrank

When small businesses are impacted by natural hazard events, hazard and sociological researchers may have access to collect data from a sample of open businesses, in hopes of distilling lessons that might help reduce vulnerability to future disasters. Lessons from demised businesses might be more useful in reducing business closure for increasing business sustainability to disasters. Using interviews from a random sample of 371 open and 126 closed businesses’ experiences with Hurricane Katrina, discrete choice methods examine the relationship between the impact of post-disaster damage, loss of lifelines, types of delays in reopening, and cascading damages on business continuity. This unique sample offers the opportunity to determine whether damage to operating businesses was different than that of demised businesses. Respondents provided pre-Katrina data up through the last interviews in 2013. Results demonstrate that damage may have a short-term effect on operating status; it was associated with immediate demise but had much less effect on longer-term recovery. Additionally, it is evident that there is one path to failure. Businesses that did reopen, but later closed, may have been impacted by a cascade of both exogenous and endogenous shocks.


Journal of Contingencies and Crisis Management | 2018

Survival and success of family-owned small businesses after hurricane Katrina: Impact of disaster assistance and adaptive capacity

George W. Haynes; Sharon M. Danes; Holly Schrank; Yoon G. Lee

The studys purpose is to examine the relative importance of direct disaster assistance to family‐owned small firms on their survival and success while considering the components of their adaptive capacity after experiencing Hurricane Katrina. This study employed data from the 2013 and 2015 Small Business Survival and Demise after a Natural Disaster Project (SBSD), a project funded by the National Science Foundation. The logistic regression results show that family businesses with SBA loans (or loan guarantees) were significantly more likely to survive. In addition, family businesses where household and family issues were more frequently in conflict with work demands were more likely to survive. On the other hand, the OLS regression results indicate that family businesses with more stress and more family–business conflict were less likely to succeed.


Archive | 2014

Natural Disasters, Climate Change, and Tourism Panel Discussion

Sandra Sydnor; Holly Schrank; Daniel P Aldrich

The first talk argued that small business demise due to disasters may occur almost immediately, but it can also occur over time for some businesses that reopen post disaster but just cannot overcome their situation. Natalie Chin and Sandra Sydnor argued that additional exogenous shocks or endogenous shocks such as family problems may contribute to demise for businesses that initially reopened. Our early results suggest that business demise occurs at a much lower rate than previously estimated, even when other reasons for business attrition are included. Business demise cannot be predicted based solely on business characteristics, Small business survival also cannot be pigeonholed. Some businesses fully recover and progress while other struggle for years to regain the business activity levels they enjoyed prior to the disaster.


Journal of Consumer Behaviour | 2004

Effect of brand name on consumers' risk perceptions of online shopping

Wen-yeh Huang; Holly Schrank; Alan J. Dubinsky


Journal of Business Venturing | 2006

Financial intermingling in small family businesses

Tansel Yilmazer; Holly Schrank


Archive | 2006

The family's dynamic role within family business entrepreneurship

Ramona K.Z. Heck; Sharon M. Danes; Margaret A. Fitzgerald; George W. Haynes; Cynthia R. Jasper; Holly Schrank; Kathryn Stafford; Mary Winter

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Cynthia R. Jasper

University of Wisconsin-Madison

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