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Advances in Small Business Finance

  • Rassoul Yazdipour

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

Table of contents

  1. Front Matter
    Pages i-xv
  2. The Equity Market and Small Firm

    1. Jerome S. Osteryoung, Donald A. Nast, William H. Wells
      Pages 19-28
  3. Issues in Financing of Small Firms

    1. Richard L. Constand, Jerome S. Osteryoung, Donald A. Nast
      Pages 29-45
  4. Issues in Leveraged Buyouts, Franchising and Agency Relations

  5. Financial Institutions and Small Business Financing

  6. Back Matter
    Pages 157-184

About this book

Introduction

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.

Keywords

Buyout Finance Financing Franchising Initial Public Offering valuation

Editors and affiliations

  • Rassoul Yazdipour
    • 1
  1. 1.California State UniversityFresnoUSA

Bibliographic information