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Financial Structure in Small Business

Theory, Tests and Applications

  • D. van der Wijst

Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 320)

Table of contents

  1. Front Matter
    Pages N2-VII
  2. Introduction

    1. Front Matter
      Pages 1-1
    2. D. van der Wijst
      Pages 3-10
    3. D. van der Wijst
      Pages 11-26
  3. Inventory of Financial Structure Determinants

    1. Front Matter
      Pages 27-27
    2. D. van der Wijst
      Pages 29-43
    3. D. van der Wijst
      Pages 44-82
    4. D. van der Wijst
      Pages 94-99
  4. Empirical Analyses in Small Business

    1. Front Matter
      Pages 101-101
    2. D. van der Wijst
      Pages 103-130
    3. D. van der Wijst
      Pages 131-150
  5. Applications and Conclusions

    1. Front Matter
      Pages 151-151
    2. D. van der Wijst
      Pages 153-165
    3. D. van der Wijst
      Pages 166-171
  6. Back Matter
    Pages 172-184

About this book

Introduction

46 4. 2 Assumptions and definitions 48 4. 3 Single period models 4. 3. 1 Introduction: the MM-position 48 4. 3. 2 The effect of risk of default and limited liability 50 53 4. 3. 3 The effect of bankruptcy costs 4. 3. 4 The effect of agency costs 58 4. 3. 5 The effect of informational differences 60 4. 4 Multi-period models 63 4. 4. 1 Introduction: additional assumptions and redefinitions 63 65 4. 4. 2 The MM-position 67 4. 4. 3 The effect of limited liability and the risk of default 4. 4. 4 The effect of bankruptcy costs 70 4. 4. 5 The Scott model 72 4. 4. 6 Some extensions of the Scott model 76 4. 5 Conclusions 79 Appendix to chapter 4 82 83 5 Determinants from the practice of small business finance 83 5. 1 Introduction and overview 5. 2 Determinants related to the firm's internal characteristics 85 5. 3 Determinants related to the firm's external relationships 91 6 A comparison and evaluation of both sources 94 6. 1 Comparison and evaluation 94 6. 2 Summary and empirical implications 98 PART III : EMPIRICAL ANALYSES IN SMALL BUSINESS 7 Analyses of samples of individual firms 103 7. 1 Introduction 103 7. 2 Data 104 7. 3 Hypotheses and variables 107 7. 4 Specification and estimation results 113 IV 8 Analyses of industry averages in retailing 131 8. 1 Introduction 131 8. 2 Data 132 8.

Keywords

Finance business calculus capital markets evaluation inventory management modeling research retailing time series

Authors and affiliations

  • D. van der Wijst
    • 1
  1. 1.Research Institute for Small BusinessZoetermeerThe Netherlands

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-45656-5
  • Copyright Information Springer-Verlag Berlin Heidelberg 1989
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-540-50574-7
  • Online ISBN 978-3-642-45656-5
  • Series Print ISSN 0075-8442
  • Buy this book on publisher's site
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