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Successful decision making in small firms requires the availability of financial information and its deployment in a … irregular use of financial information in small firm decision contexts. Rather than seeking to justify these departures within … provide an appropriate framework for the study of small firms. Financial information in this alternative framework is likely …
Persistent link: https://www.econbiz.de/10010790705
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/10011310292
A simple single-period model of entrepreneurial capital structure choice under conditions of informational asymmetry is developed. The uncertain terminal cash flow generated by a business venture is assumed to depend on both the amount of effort provided by the entrepreneur and the quality of...
Persistent link: https://www.econbiz.de/10011310307
While academic research concerning capital structure of large corporations has been abundant in the finance literature, studies of small firms have been somewhat less common, and investigation of capital structure at origin (start-up) has been virtually nil. In this paper we present empirical...
Persistent link: https://www.econbiz.de/10011310325
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
A simple single-period model of entrepreneurial capital structure choice under conditions of informational asymmetry is developed. The uncertain terminal cash flow generated by a business venture is assumed to depend on both the amount of effort provided by the entrepreneur and the quality of...
Persistent link: https://www.econbiz.de/10010790725
While academic research concerning capital structure of large corporations has been abundant in the finance literature, studies of small firms have been somewhat less common, and investigation of capital structure at origin (start-up) has been virtually nil. In this paper we present empirical...
Persistent link: https://www.econbiz.de/10010790726
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/10011310313
The objective of this paper is to offer an answer to the question : why do some entrepreneurs wish to own another firm in the future after having closed an unsuccessful one? We first show this question is relevant because making use of a sample of entrepreneurs in the UK who have experienced a...
Persistent link: https://www.econbiz.de/10005583098
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