Management training in small firms – a case of market failure?

摘要: The take-up of management training is lower in small than large firms. A case often made the UK that this reflects an ignorance on part owner-managers firms benefits training. In other words, argument put market subject to failure and so justifies provision subsidies. This paper critiques view. analysis shows forces explain rather better by authors therefore suggest assumption leading unreasonable, hence they question for further public-funded