Small Firms' Formalization: The Stick Treatment

Small Firms in the SSBF

This paper uses SSBF data to better understand how the owners of small firms use decisions about legal organization, firm size, capital structure, and owner investment in the firm to manage firm risk. The main findings are: Firms with unlimited liability are smaller, both when measured by assets and number of employees, and tend to be less leveraged than those whose owners limit their personal ...

Do Small Firms Compete with Large Firms?

Despite the pervasive phenomenon of scale economies the majority of firms has always been small firms. The emergence of small firms as a means of economic development on both sides of the Atlantic has been one of the major new topics of economic policy since the 1980s. This has drawn renewed attention to the question of how small firms are able to exist. The theories of strategic niches and dyn...

Small Firms Marketing:

Small Firms’ Investment:

Board Empowerment in Small Firms:

Corporate governance literature generally suggests that a company’s boards of directors may influence company performance. When the balance of power over strategic decisions and organisational outcomes favour the CEO the board may however have few possibilities to monitor managerial or company performance or influence strategic choices. This paper investigates how boards become activated and em...