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Advances in Small Business Finance

  • Book
  • © 1991

Overview

Part of the book series: Financial and Monetary Policy Studies (FMPS, volume 21)

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Table of contents (10 chapters)

  1. The Equity Market and Small Firm

  2. Issues in Financing of Small Firms

  3. Issues in Leveraged Buyouts, Franchising and Agency Relations

  4. Financial Institutions and Small Business Financing

Keywords

About this book

Small business research is becoming more sophisticated as an increasing number of scholars study more complex analytical issues. In many cases research pertaining to the small firm is part of the incomplete and inefficient markets controversy in the finance literature. Because of their size and traditional organizational form, small firms often find it extremely difficult to attract significant resources in sophisticated financial markets. These markets appear to be segmented and incomplete; whether or not the markets are efficient is subject to much debate. Adyances in Small Business Finance presents a variety of research studies that indicate the unique roles of debt and equity and the sources of funds for small firms. This book contributes important insight into major questions that face small finns' financiers, managers, and owners on a daily basis. Many of the studies in this volume deal with aspects of valuation of the small firm. In some instances, the focus is on the firm's ability to attract debt or equity and in others the emphasis is on valuation of the small firm's capital. Constand, Osteryoung, and Nast focus on the determinants of capital structure for small firms that are privately owned and are highly dependent on commercial loans as their supply of debt. Timothy Bates examines firm viability and finds that surviving firms are those that began with greater initial capital, create new jobs, and are led by entrepreneurs who are better educated.

Editors and Affiliations

  • California State University, Fresno, USA

    Rassoul Yazdipour

Bibliographic Information

  • Book Title: Advances in Small Business Finance

  • Editors: Rassoul Yazdipour

  • Series Title: Financial and Monetary Policy Studies

  • DOI: https://doi.org/10.1007/978-94-011-3462-0

  • Publisher: Springer Dordrecht

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer Science+Business Media Dordrecht 1991

  • Hardcover ISBN: 978-0-7923-1135-5Published: 28 February 1991

  • Softcover ISBN: 978-94-010-5532-1Published: 30 October 2012

  • eBook ISBN: 978-94-011-3462-0Published: 06 December 2012

  • Series ISSN: 0921-8580

  • Series E-ISSN: 2197-1889

  • Edition Number: 1

  • Number of Pages: XV, 184

  • Topics: Finance, general

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