Although there is ample literature on the use of capital budgeting techniques by small firms, there is practically no …

Financial capital is necessary not only for business formation but also for business survival and expansion: its role … is well documented in the literature. While venture capital and IPOs often make the popular press, the fact is most firms …

Access to capital is an on-going challenge for small firms. Capital is required to address a broad range of needs: to … cover start-up costs, to provide working capital, to secure facilities or equipment, and to hire employees. Most small firms …. Alternatively, very small firms are heavily reliant on bank loans, trade credit, and informal sources of capital including loans …

capital. Results indicate that newer firms were significantly less likely to have lines of credit and were also significantly … adequate sources of capital as major contributors to dissolution (Gaskill et al., 1993), Lussier, 1996; Watson et al., 1998 …, publicly-held firms, are unable to raise capital in the public debt and equity markets (Ang, 1991). Alternatively, they are …

differences are in the ownership concentration, relative importance of various sources of capital, debt characteristics (sources …