404 pages | 25 B/W Illus.
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. Reid examines 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 150 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.
"The book examines a variety of issues: financial structure, flexibility, performance, contingency and information systems development, markets, human capital, technological change and business strategy. Using a number of econometric techniques, such as regression analysis, logit modelling and cluster analysis, the data analysis is totally empirically founded and strongly based on a variety of rigorous theories in economic and firm theory…
The book is mainly aimed at academics, to demonstrate rigour in the testing of theories and there are many. However the non-academic and non-economist can benefit from the very interesting conclusions in this book…
Overall, this book achieved its major objective, which was to consolidate all the results of Professor Reid's research in one place and link the different strands of the studies with a strong theoretical underpinning drawn from a number of different disciplines – economics, entrepreneurship and IS. It is well written." -- Rana Tassabehji, University of Bradford School of Management
Part 1: Background 1. Small Firm Inception and Growth 2. Database Construction and Use 3. Main Quantitative Features of Database Part 2: Existing Evidence 4. Growth and Survival of Micro-Firms 5. Funding Shortages Part 3: Finance 6. Modelling Financial Structure 7. Capital Structure at Inception 8. Trajectories of Financial Structure Part 4: Performance 9. The Morphology of Performance 10. Strategy and Structure of Performance 11. Actions and Outcomes
There is a growing polarization in the international economy for companies to become either transnational corporations or small businesses. This dualism means the experience of the small business is quite different to that of a large corporation. The life of a small business is often shorter, riskier and more entwined with the personality of the entrepreneur. In this prestigious series, case-studies and the latest research are used to reveal the regional, national and international role of the small business.