To read the full version of this content please select one of the options below:

The financing preferences of small firm owners

Robert T. Hamilton (University of Canterbury, Christchurch, New Zealand)
Mark A. Fox (Lincoln University, Canterbury, New Zealand)

International Journal of Entrepreneurial Behavior & Research

ISSN: 1355-2554

Article publication date: 1 December 1998

Downloads
8760

Abstract

Small owner‐managed firms typically operate with levels of debt, much of it short‐term, which are higher than those found in large companies. This paper investigates the financing preferences of a cross‐section of small firm owners. The findings support the view that the financing decisions of small firm owners are based on a demand‐side packing order of finance types. The resulting financial structures reflect a desire to minimise intrusion into the firms and are not entirely the consequence of persistent deficiencies in the provision of finance to small firms.

Keywords

Citation

Hamilton, R.T. and Fox, M.A. (1998), "The financing preferences of small firm owners", International Journal of Entrepreneurial Behavior & Research, Vol. 4 No. 3, pp. 239-248. https://doi.org/10.1108/13552559810235529

Publisher

:

MCB UP Ltd

Copyright © 1998, MCB UP Limited