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Financial Structure in Small Business

Theory, Tests and Applications

  • Book
  • © 1989

Overview

Authors:
  1. D. Wijst

    1. Research Institute for Small Business, Zoetermeer, The Netherlands

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Part of the book series: Lecture Notes in Economics and Mathematical Systems (LNE, volume 320)

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Table of contents (10 chapters)

  1. Front Matter

    Pages N2-VII
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  2. Introduction

    1. Front Matter

      Pages 1-1
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    2. Aim and Outline of the Study

      • D. van der Wijst
      Pages 3-10

    3. Small Business Characteristics

      • D. van der Wijst
      Pages 11-26

  3. Inventory of Financial Structure Determinants

    1. Front Matter

      Pages 27-27
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    2. Determinants from the Theory of Finance

      • D. van der Wijst
      Pages 29-43

    3. Models of Capital Structure Choice

      • D. van der Wijst
      Pages 44-82

    4. Determinants from the Practice of Small Business Finance

      • D. van der Wijst
      Pages 83-93

    5. A Comparison and Evaluation of Both Sources

      • D. van der Wijst
      Pages 94-99

  4. Empirical Analyses in Small Business

    1. Front Matter

      Pages 101-101
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    2. Analyses of Samples of Individual Firms

      • D. van der Wijst
      Pages 103-130

    3. Analyses of Industry Averages in Retailing

      • D. van der Wijst
      Pages 131-150

  5. Applications and Conclusions

    1. Front Matter

      Pages 151-151
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    2. Applications

      • D. van der Wijst
      Pages 153-165

    3. Summary and Conclusions

      • D. van der Wijst
      Pages 166-171

  6. Back Matter

    Pages 172-184
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Keywords

About this book

46 4. 2 Assumptions and definitions 48 4. 3 Single period models 4. 3. 1 Introduction: the MM-position 48 4. 3. 2 The effect of risk of default and limited liability 50 53 4. 3. 3 The effect of bankruptcy costs 4. 3. 4 The effect of agency costs 58 4. 3. 5 The effect of informational differences 60 4. 4 Multi-period models 63 4. 4. 1 Introduction: additional assumptions and redefinitions 63 65 4. 4. 2 The MM-position 67 4. 4. 3 The effect of limited liability and the risk of default 4. 4. 4 The effect of bankruptcy costs 70 4. 4. 5 The Scott model 72 4. 4. 6 Some extensions of the Scott model 76 4. 5 Conclusions 79 Appendix to chapter 4 82 83 5 Determinants from the practice of small business finance 83 5. 1 Introduction and overview 5. 2 Determinants related to the firm's internal characteristics 85 5. 3 Determinants related to the firm's external relationships 91 6 A comparison and evaluation of both sources 94 6. 1 Comparison and evaluation 94 6. 2 Summary and empirical implications 98 PART III : EMPIRICAL ANALYSES IN SMALL BUSINESS 7 Analyses of samples of individual firms 103 7. 1 Introduction 103 7. 2 Data 104 7. 3 Hypotheses and variables 107 7. 4 Specification and estimation results 113 IV 8 Analyses of industry averages in retailing 131 8. 1 Introduction 131 8. 2 Data 132 8.

Authors and Affiliations

  • Research Institute for Small Business, Zoetermeer, The Netherlands

    D. Wijst

Bibliographic Information

  • Book Title: Financial Structure in Small Business

  • Book Subtitle: Theory, Tests and Applications

  • Authors: D. Wijst

  • Series Title: Lecture Notes in Economics and Mathematical Systems

  • DOI: https://doi.org/10.1007/978-3-642-45656-5

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer-Verlag Berlin Heidelberg 1989

  • Softcover ISBN: 978-3-540-50574-7Published: 07 December 1988

  • eBook ISBN: 978-3-642-45656-5Published: 06 December 2012

  • Series ISSN: 0075-8442

  • Series E-ISSN: 2196-9957

  • Edition Number: 1

  • Number of Pages: VII, 181

  • Topics: Finance, general, Public Economics, Quantitative Finance

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