Vos, Edward; Smith, Bronwyn M. - In: Journal of Entrepreneurial Finance 8 (2003) 1, pp. 31-55
information (which forms the basis of the risk and return measures) is easily visible and obtainable. Unfortunately, the fact that … privately-held enterprises. Therefore by using data from 100 small businesses and three measures of risk, this study provides … empirical evidence that for small businesses, there is no significant relationship between financial returns and risk, but there …