The Foundations of Small Business Enterprise: An Entrepreneurial Analysis of Small Firm Inception and Growth

Note: Supplemental materials are not guaranteed with Rental or Used book purchases.

ISBN: 9780415338776 | 0415338778
Cover: Hardcover
Copyright: 2/16/2007

Rent

(Recommended)

$165.12

Term

Due

Price

Semester

Dec 12

$173.81

Quarter

Aug 13

$165.12

Short Term

Jul 6

$156.44

*This item is part of an exclusive publisher rental program and requires an additional convenience fee. This fee will be reflected in the shopping cart.
Buy New

Usually Ships in 3-5 Business Days

$222.53
eBook

Available Instantly

Online: 180 Days

Downloadable: 180 Days

$26.40

This volume is an excellent addition to Routledge?s Studies in Small Business series. In this extended and novel entrepreneurial analysis of small firm inception and growth, a leading authority in the field develops a new kind of ?micro-micro? analysis, applying rigorous methods from economics, accounting and finance to gain a deeper understanding of micro-firms, examining performance, hierarchy, capital structure, monitoring and control, flexibility, innovation, and information systems. Using statistical, econometric and qualitative methods of empirical research, Foundations of Small Business Enterprise tracks and analyses the evolution of one-hundred-and-fifty small firms from their early years through to maturity. This title will appeal to a wide range of students, specialists and practitioners in economics, accounting and finance Gavin C Reid is a Professor in Economics & Finance, CRIEFF, University of St Andrews, Scotland.

Figures	p. xiii
Tables	p. xiv
Preface	p. xvi
Acknowledgements	p. xx
Abbreviations	p. xxi
Background	p. 1
Small firm inception and growth	p. 3
Introduction	p. 3
Sampling	p. 4
Summary evidence from first year	p. 5
Summary evidence from second year	p. 8
Summary evidence from third year	p. 11
Summary evidence from fourth year	p. 14
The structure of this book	p. 16
Conclusion	p. 18
Endnotes	p. 18
Fieldwork and database	p. 20
Introduction	p. 20
Fieldwork activity	p. 20
The sample and population	p. 21
The typical micro-firm	p. 23
Key statistics from the database	p. 26
Conclusion	p. 27
Endnotes	p. 27
Main quantitative features of the database	p. 28
Introduction	p. 28
Markets	p. 28
Finance	p. 30
Costs	p. 31
Strategy	p. 32
Human capital	p. 34
Organisation	p. 35
Technical change	p. 36
Conclusion	p. 38
Appendix	p. 38
Endnotes	p. 40
Existing evidence	p. 41
Growth and profitability of micro-firms	p. 43
Introduction	p. 43
The neglect of the micro-firm	p. 44
Variants of Gibrat's Law	p. 45
Classical vs. managerial theories	p. 47
Conclusion	p. 51
Endnotes	p. 52
Funding shortages	p. 54
Introduction	p. 54
The funding constraint	p. 55
The data and the questionnaire	p. 57
Probit analysis	p. 58
Conclusion	p. 66
Endnotes	p. 67
Finance	p. 69
Modelling financial structure	p. 71
Introduction	p. 71
Analytical underpinning: statics	p. 71
Analytical underpinning: dynamics	p. 73
The dynamic model	p. 74
Some illustrative examples from the literature	p. 78
Conclusion	p. 82
Endnotes	p. 82
Capital structure at inception and the short-run performance of micro-firms	p. 84
Introduction	p. 84
Continuing or ceasing to trade	p. 85
Econometric estimates	p. 92
Conclusion	p. 96
Appendix	p. 96
Endnotes	p. 97
Trajectories of financial structure	p. 99
Introduction	p. 99
The dynamic approach	p. 100
Evidence	p. 102
Results	p. 105
Conclusion	p. 112
Endnotes	p. 113
Performance	p. 115
Performance rankings and cluster analysis	p. 117
Introduction	p. 117
The data	p. 117
Performance ranking	p. 119
Cluster analysis	p. 120
Conclusion	p. 128
Endnotes	p. 128
Performance and business strategy	p. 130
Introduction	p. 130
The data	p. 131
Explaining performance rank by business strategy	p. 133
The estimates	p. 138
Conclusion	p. 140
Appendix	p. 140
Endnotes	p. 142
Actions and outcomes	p. 143
Introduction	p. 143
Background	p. 144
Determinants of survival	p. 147
A parsimonious model of survival	p. 152
Conclusion	p. 156
Appendix	p. 158
Endnotes	p. 159
Information and contingency	p. 161
Information and performance	p. 163
Introduction	p. 163
Information needs	p. 163
Guiding decisions	p. 165
Using information systems	p. 167
Performance and IS development	p. 168
Statistical analyses of IS and performance	p. 171
Conclusion	p. 172
Endnotes	p. 173
Contingency and information system development	p. 174
Introduction	p. 174
Contingency theory	p. 175
Methodology	p. 177
Timing of contingencies and IS development	p. 178
Conclusion	p. 184
Endnote	p. 184
Small firm type, organisational form and contingency	p. 185
Introduction	p. 185
Cluster analysis of small firm types	p. 186
Regression analysis of organisational form and contingency	p. 189
Conclusion	p. 195
Appendix	p. 196
Endnotes	p. 197
Flexibility	p. 199
Flexibility, growth and survival	p. 201
Introduction	p. 201
Growth and viability	p. 201
Flexibility and performance	p. 202
Measuring performance	p. 204
Performance, flexibility and firm-specific turbulence	p. 205
Conclusion	p. 205
Endnotes	p. 206
Scale flexibility	p. 207
Introduction	p. 207
Variants of Gibrat's Law	p. 207
Regression estimates	p. 209
Passage to equilibrium	p. 211
Conclusion	p. 214
Endnotes	p. 215
Market niche flexibility	p. 216
Introduction	p. 216
The Markovian model	p. 217
The transition matrix	p. 218
Passage to long-period equilibrium	p. 219
Conclusion	p. 221
Principal theorems of Markov chains	p. 222
Endnotes	p. 223
Flexibility, firm-specific turbulence and the performance of the long-lived small firm	p. 224
Introduction	p. 224
Data	p. 224
Variables	p. 226
Estimates	p. 233
Selection equation	p. 235
Performance equations	p. 236
Conclusion	p. 240
Appendix	p. 241
Endnotes	p. 242
Epilogue	p. 244
Appendix on instrumentation	p. 247
Pre-letters	p. 249
References	p. 255
Administered questionnaire 1	p. 271
Administered questionnaire 4	p. 341
Index	p. 399
Table of Contents provided by Ingram. All Rights Reserved.

Please wait while the item is added to your bag...

FREE SHIPPING

Rent More, Save More! Use code: BBRENTAL

5% off 1 book, 7% off 2 books, 10% off 3+ books

The Foundations of Small Business Enterprise: An Entrepreneurial Analysis of Small Firm Inception and Growth

Summary

Author Biography

Table of Contents

Supplemental Materials

FREE SHIPPING

Rent More, Save More! Use code: BBRENTAL

5% off 1 book, 7% off 2 books, 10% off 3+ books

The Foundations of Small Business Enterprise: An Entrepreneurial Analysis of Small Firm Inception and Growth

Summary

Author Biography

Table of Contents

Supplemental Materials

Digital License