This work adds to our understanding of financing decisions among owners of small- and medium-sized enterprises (SMEs), with particular reference to SMEs that conduct research and development (R&D). The work examines, conceptually and empirically, the forms of financing that are preferred by...

This paper explores the financial characteristics of successful Canadian small- and medium-sized enterprises (SME). It asks whether industry membership and early growth history play a role in shaping these financial characteristics. Our study reveals a strong correlation between capital...