Routledge Studies in Small Business: The Foundations of Small Business…


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Publication Year: 2007
Format: Hardcover Language: English


Routledge Studies in Small Business: The Foundations of Small Business…

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The foundations of the enterprise economy are identified as being at start-up. Tracking 150 new firms through the early years of their existence, this informative book provides the reader with rich insights into the inception of the small firm, through the early stages of the life cycle this being the period at which any business is at its most entrepreneurial. Written by an authority in the field, this excellent book makes extensive use of field work and case studies, and will undoubtedly appeal to both mainstream and evolutionary economists. 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 Enterprisetracks 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.

Product Identifiers
ISBN-10 0415338778
ISBN-13 9780415338776

Key Details
Author Gavin C. Reid
Number Of Pages 410 pages
Series Routledge Studies in Small Business
Format Hardcover
Publication Date 2007-02-16
Language English
Publisher Routledge
Publication Year 2007

Additional Details
Copyright Date 2007
Illustrated Yes

Weight 26.5 Oz
Height 1.2 In.
Width 0.6 In.
Length 0.9 In.

Target Audience
Group College Audience

Classification Method
LCCN 2006-017343
LC Classification Number HD2341
Dewey Decimal 658.11
Dewey Edition 22

Table Of Content
List of Figures List of Tables Preface Part 1: Background Ch. 1 Small firm inception and growth Introduction Sampling Summary evidence from first year Summary evidence from second year Summary evidence from third year Summary evidence from fourth year The structure of this book Conclusion End Notes to Chapter 1 Ch. 2. Database construction and use 2.1 Introduction 2.2 Fieldwork activity 2.3 The sample and population 2.4 The typical micro-firm 2.5 Key statistics from the database 2.6 Conclusion End Notes to Chapter 2 Ch. 3 Main quantitative features of database 3.1 Introduction 3.2 Markets 3.3 Finance 3.4 Costs 3.5 Strategy 3.6 Human capital 3.7 Organisation 3.8 Technical change 3.9 Conclusion Appendix to Chapter 3: Definitions of variables End Notes to Chapter 3 Part 2: Existing Evidence Ch. 4. Growth and Survival of micro-firms 4.1 Introduction 4.2 The neglect of the micro-firm 4.3 Variants of Gibrat’s Law 4.4 Classical v. managerial theories 4.5 Conclusion End Notes to Chapter 4 Ch. 5 Funding shortages 5.1 Introduction 5.2 The funding constraint 5.3 The data and the questionnaire 5.4 Probit analysis 5.5 Conclusion End Notes to Chapter 5 Part 3: Finance Ch. 6. Modelling financial structure 6.1 Introductions 6.2 Analytical underpinning: statistics 6.3 Analytical underpinning: dynamics 6.4 The dynamic model 6.5 Key issues 6.6 Conclusion End Notes to Chapter 6 Ch. 7 Capital structure at inception 7.1 Introduction 7.2 Continuing or ceasing to trade 7.3 Econometric estimates 7.4 Conclusions Appendix to Chapter 7: Definitions of variables End Notes to Chapter 7 Ch. 8 Trajectories of financial structure 8.1 Introduction 8.2 The dynamics of growth 8.3 Evidence 8.4 Results 8.5 Conclusion End Notes to Chapter 8 Part 4: Performance Ch. 9 The morphology of performance (with J A Smith) 9.1 Introduction 9.2 The data 9.3 Performance ranking 9.4 Cluster analysis 9.5 Conclusion End Notes to Chapter 9 Ch. 10 Strategy and structure of performance (with J A Smith) 10.1 Introduction 10.2 The data 10.3 Explaining performance rank by business strategy 10.3.1 Ordered logit model with sample selection 10.3.2 The performance-strategy relationship 10.4 The estimates 10.5 Conclusions Appendix to Chapter 10: Definitions of variables End Notes to Chapter 10 Ch. 11 Actions and outcomes 11.1 Introduction 11.2 Background 11.3 Determinants of survival 11.4 A parsimonious model of survival 11.5 Conclusion Appendix to Chapter 11: Definitions of variables End Notes to Chapter 11 Part 5: Information and Contingency Ch. 12 Information and performance 12.1 Introduction 12.2 Information needs 12.3 Guiding decisions 12.4 Using information systems 12.5 Performance and IS development 12.6 Statistical analysis of IS and performance 12.7 Conclusion Ch. 13 Contingency and Information System Development (with J A Smith) 13.1 Introduction 13.2 Contingency theory 13.3 Methodology 13.4 Timing of contingencies and IS development 13.5 Conclusion End Notes to Chapter 13 Ch. 14 Small Firm Type, Organizational Form and Contingency (with J A Smith) 14.1 Introduction 14.2 Cluster analysis of small firm types 14.3 Organizational form and contingency 14.3.1 Technological uncertainty 14.3.2 Production systems 14.3.3 Strategy 14.3.4 The 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

“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


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