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While some previous research supports the existence of a finance gap within the small and medium enterprise (SME) sector, particularly for female owned SMEs, the evidence is hardly unequivocal. Further, much of the prior research has focused on supply‐ rather than demand‐side issues. Hence, the purpose of this paper is to investigate both supply‐ and demand‐side issues for female and male SME owners.

From the results of three focus groups and a review of the literature eight hypotheses were formulated for testing with a mail survey sent to 534 SME owners.

Based on 123 responses, the findings provide no evidence to suggest that a supply‐side finance gap exists within the Australian SME sector. There is also no evidence that Australian SME owners (particularly female owners) are being discouraged from applying for loans from a financial institution because they believe their application will be rejected. The results suggest that other demand‐side issues (particularly risk‐taking propensity and desire to maintain control) play a more important role in the capital structure decision making of SME owners.

This study's major limitations are its reliance on a sample of solely Western Australian businesses that were not representative of the population of Western Australian SMEs and its relatively small sample size.

Financial advisers need to be sensitive to various demand‐side issues when advising SME owners about the merits of applying for external funding.

This study adds to the limited available evidence concerning the importance of various demand‐side issues to SME owners considering accessing external funding.

To investigate the relationship between biological sex (male or female) and stereotypical sex‐roles (masculinity and femininity) and to determine which might be more appropriate to use when examining small to medium‐size (SME) owner characteristics such as: locus of control (internal, powerful others and chance); need for achievement; risk‐taking propensity; and preference for innovation.

Data for this study came from 673 usable responses (517 males, 156 females) to a survey of the attitudes and expectations of a random sample of SME owner‐operators in Western Australia.

It was found that femininity was significantly higher for women compared with men, but that there was no significant difference for masculinity. Results also indicate that, unlike femininity, masculinity is highly correlated with all of the “traditional” psychological traits. As a result, only one significant difference between men and women (based on their biological sex) was found; men had a higher risk‐taking propensity.

The results presented in this study confirm the belief that biological sex may not be an appropriate discriminator when examining differences in the psychological attributes of SME owners. Results suggest that the use of masculine and feminine traits might prove more useful in future research on this issue. Further, given the masculinity bias inherent in most of the psychological attributes typically found in the SME literature, it is suggested that Norman's Big Five (being more gender‐neutral) might be more appropriate in examining differences in SME owner characteristics.

The paper aims to examine the direction of the relationship between a firm's internal audit function and its external audit fees, extending a previous study by Goodwin‐Stewart and Kent, which used data from 2000.

The paper uses publicly available information to analyse the relationship between internal audit and audit fees.

The findings support Goodwin‐Stewart and Kent's result that the existence of an internal audit function in a firm has a significantly positive relationship with audit fees. In fact, the strength of this relationship has increased since 2000.

The study focuses on the top 300 public companies from a market capitalisation perspective and, therefore, the results may not be generalisable to other smaller public companies or to private firms. Second, the dichotomous experimental variable used in the study (existence of internal audit) might not be an ideal measure of internal audit usage since it may not be sensitive enough to capture all the variation in external audit fees. The findings suggest that companies use internal audit and audit fees in a complementary way to strengthen their overall control/operating environment.

Although the study extends and validates work already completed by Goodwin‐Stewart and Kent, the true value of its result is that users can use publicly available information to determine that firms with an internal audit function are more likely to use it in a complementary way with audit fees, thereby potentially indicating a commitment by that firm to a stronger monitoring/control environment.

The purpose of this paper is to systematically profile investors’ personality traits to examine if, and how, those traits are associated with phenomena observed in financial markets. In particular, the paper looks at overconfidence and overreaction in an experimental foreign exchange market.

The paper measures the personality of the subjects using the short form of the NEO-PIR instrument, the NEO-FFI developed by Costa and McRae (1992) which is based on Norman's (1963) “Big Five” personality constructs of negative emotion, extraversion, openness to experience, agreeableness and conscientiousness. The paper measures psychological gender using questions developed by Bem (1994). Preference for innovation and risk-taking propensity are measured using instruments developed by Jackson (1976). The paper then examines the behavior of the subject who traded interactively in “real time” in an interactive-simulated foreign exchange market where “price discovery” was instantaneous and pricing decisions were made instantaneously as items of news, determined by the researchers, were released.

The paper demonstrates that personality traits are associated with overconfidence and overreaction in financial markets. The paper presents meta-analysis which facilitates the development of a posteriori theories of how particular traits affect investment; there are important roles for risk-taking propensity, negative emotion, extraversion, masculinity, preference for innovation and conscientiousness.

A typical behavioral finance paper might find an empirical regularity in prices and, on the basis of such patterns, infer the underlying psychology motivating the behavior of investors. The approach differs from this caricature of the “typical” behavioral finance paper. The paper does not infer the underlying psychology of investors from patterns in prices. Rather, the paper learns about investors by systematically profiling their personality traits. The paper then demonstrates how those traits are associated with the prices generated by the investors the authors study. In focussing on the role of individual personality, the paper refocusses behavioral finance on the individuals who set prices.

Takes a broad look at Computer‐Mediated Communication (CMC) norms. Examines some of the simpler procedural norms as well as broader norms for social behaviour in particular types of networked communities.

Identifies key activities that network users can perform in order to use the network effectively. Offers recommended reading, from beginner to expert user status. Explains some commonly used terms (e.g. Turbo Gopher with Veronica!). Lists useful Internet resources.

The librarian and researcher have to be able to uncover specific articles in their areas of interest. This Bibliography is designed to help. Volume IV, like Volume III, contains features to help the reader to retrieve relevant literature from MCB University Press' considerable output. Each entry within has been indexed according to author(s) and the Fifth Edition of the SCIMP/SCAMP Thesaurus. The latter thus provides a full subject index to facilitate rapid retrieval. Each article or book is assigned its own unique number and this is used in both the subject and author index. This Volume indexes 29 journals indicating the depth, coverage and expansion of MCB's portfolio.

In the last four years, since Volume I of this Bibliography first appeared, there has been an explosion of literature in all the main functional areas of business. This wealth of material poses problems for the researcher in management studies — and, of course, for the librarian: uncovering what has been written in any one area is not an easy task. This volume aims to help the librarian and the researcher overcome some of the immediate problems of identification of material. It is an annotated bibliography of management, drawing on the wide variety of literature produced by MCB University Press. Over the last four years, MCB University Press has produced an extensive range of books and serial publications covering most of the established and many of the developing areas of management. This volume, in conjunction with Volume I, provides a guide to all the material published so far.