Osteryoung, Jerome S.; Newman, Derek - In: Journal of Small Business Finance 2 (1993) 3, pp. 219-231
This paper argues that a definition of small business is important for both research and governmental policy. A … chronological history of definitions is discussed along with their limitations. A new definition of small business is advocated when … a business has personal guarantees and has no public stock. This definition is measurable, meaningful, and congruent …