THE PROFIT DISTRIBUTION DECISION IN SMALL ENTERPRISES: A REVIEW OF THEORY AND PRACTICE

摘要: ABSTRACT This paper provides a review of present understanding how profit-distribution decisions should be and are made in small enterprises. The intention is to seek guidance on ensuring that such soundly smaller business concerns, notwithstanding limited direction from modern finance theory. Views profit distribution which have appeared the scholarly literature enterprise first examined. interactions inevitably exist between financing enterprises also considered. Subsequently, empirical evidence distributions reviewed. An attempt then synthesize various perspectives emerge theoretical enterprise. Finally, research agenda proposed for further inquiry into this most important aspect small-enterprise financial management.