Financing the small firm

作者: David A. Walker

DOI: 10.1007/BF00393807

关键词: Internal financingEntrepreneurshipFinancial systemEmpirical researchEconomicsFinanceFinancial marketEquity (finance)DebtRisk financingVenture capitalEconomics and EconometricsGeneral Business, Management and Accounting

摘要: This study presents a framework to delineate financing the small firm. Special consideration is given firms' unique sources such as trade and bank credit, entrepreneur's own resources, informal investment, venture capital. The firm has limited or no access many traditional debt equity markets that supply long term corporate world, therefore operates in segmented imperfect financial markets. links between opportunities managerial goals are traced from start-up stage through establishing mature As matures, it broader market. establishes foundation for future empirical research.

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