The major claim of this article is twofold, that is, that fixed assets in small manufacturing enterprises in developing countries have to be seen with respect to two roles. The first is capital intensity. The second is the collateral value of these assets. The former is associated with the small...

This article reports results from an empirical search for the determinants of the very small firms' survival prospects. Research in the area seems to be excessively concentrated in new firms and fails to include measures related to the investment policies and market strategies of the small...

This article claims that the basic relationships between, on the one side, size, growth and age of the small firm and, on the other side, the small firm's hazard of exit is, apart from the “honeymoon” and the “liability of senescence” effects, non-linear, either U-shaped or inverted...