haku: @author Howorth, C. A. / yhteensä: 1
viite: 1 / 1
« edellinen | seuraava »
| Tekijä: | Howorth, C. A. |
| Otsikko: | Small Firms' Demand for Finance: A Research Note |
| Lehti: | International Small Business Journal
2001 : JUL-SEP, VOL. 19:4, p. 78-86 |
| Asiasana: | SMALL BUSINESS DEMAND FINANCE |
| Kieli: | eng |
| Tiivistelmä: | This article examines the pecking order of demand for finance within UK small firms. Case study analysis enables in-depth examination of complex interrelationships particularly between demand-side factors such as individual attitudes and preferences and supply conditions. Within case analysis reveals the expected pecking order of internal finance, short-term debt, long-term debt, and external equity. For a majority of cases the pecking order operated only in a truncated form. Cross-case analysis shows that both demand and supply factors influence truncation points but demand appears to take precedence. Where truncation occurs at the point of long-term debt, small firms appear to be financially constrained, but not at external equity. Some cases mitigated potential constraints by financial bootstrapping. |
« edellinen | seuraava »
SCIMA