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In the past decade, market globalization has not only been a threat for small and medium-sized enterprises (SMEs), but also an opportunity to expand their activities in many countries (Murphy and al., 1991). In fact, some of SMEs are worldwide leaders in their sectors (Simon, 1990; Entreprise,...
Persistent link: https://www.econbiz.de/10011152520
This essay is intended to begin the elaboration of a theme: the interaction between the observed sizes of firms and their internal decision making procedures. This theme is a major one in the symphony of entrepreneurial activity. The entrepreneur, as the maker and changer of economic and...
Persistent link: https://www.econbiz.de/10010790615
This paper draws the attention of the new researchers to what has been going on in the Behavioral Finance front and how we can draw from and expand upon such works. By doing so, we hope to find more convincing answers to the key questions that continue to define our fascinating academic niche.
Persistent link: https://www.econbiz.de/10010790616
This work examines the leverage ratios of firms covered by the 1998 SSBF Survey. We find that small firms in general are significantly more levered than their larger counterparts in an industry-matched Compustat sample, but the difference is at least partially explained by differences in...
Persistent link: https://www.econbiz.de/10010790617
improve firm performance. Drawing on economic and sociological perspectives and fieldwork in Bulgaria, I argue that social … capital may enhance the effects of financial capital on firm performance in microenterprises. Findings show that a collective … lending strategy facilitates greater firm performance than individual lending--due partially to the increased social capital …
Persistent link: https://www.econbiz.de/10010790619
which the banking relationship constrains performance suggests that there is no significant difference between more and less …
Persistent link: https://www.econbiz.de/10010790620
The close link between the personal financial affairs of a small business owner and his or her firm has been noted in prior research. This article compares attitudes toward risk on the part of small business owners (SBOs) and non-small business owners (NSBOs). In addition, it compares the...
Persistent link: https://www.econbiz.de/10010790629
This paper contains a review of issues pertaining to the valuation of privately held businesses, noting significant inconsistencies in the rationale and approaches taken in the valuation process. In addition to suggesting that appraisers stay with the "tried and true" rather than testing the...
Persistent link: https://www.econbiz.de/10010790631
syndicate member, and/or to the deal referrer. When the linkage to performance is explored, both solo and syndicate serial …
Persistent link: https://www.econbiz.de/10010790632
There is an increased interest in small companies and entrepreneurship among academicians and policy makers. The melting of the cold war and the collapse of the socialist economies of the Soviet bloc, in combination with the interest of the affected countries in imitating some form of...
Persistent link: https://www.econbiz.de/10010790633