This study, originally published in 1987, addresses the question of small firm performance. Drawing on an extensive database containing financial, employment and ownership data for several thousand small firms, the book examines whether small firms do actually provide jobs, whether they grow and why small firms fail. Guidance is given on how to spot the signs of impending failure in a small business, which is of use to accountants small business PR actioners and government grant providers.
1. Introduction Part 1: The Small Company: Profits and Jobs 2. The Small Manufacturing Company: Employment and Financial Characteristics 3. The Small Company and Financial Reporting in Context 4. Size and Firm Performance: Size, Profit and Growth in Small and Large Companies 5. Public Policy: Profits, Jobs and Picking the Winners Part 2: The Small Company: Failure Prediction 6. Univariate Ratio Analysis 7. Multiple Discriminant Analysis 8. Factor, Probity and Logit Analysis 9. Qualitative Information and the Prediction of Small Company Failure 10. Conclusion