Strategy and financial policy in uk small firms

Journal of Business Finance and Accounting

Volumn 25, Issue 1-2, 1998, Pages 1-27

  Jordan, Judith ^a   Lowe, Julian ^a   Taylor, Peter ^a  

^a UNIVERSITY OF THE WEST OF ENGLAND   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0002067376     PISSN: 0306686X     EISSN: 14685957     Source Type: Journal    
DOI: 10.1111/1468-5957.00176     Document Type: Article

References (38)

1. Balakrishnan, S. and I. Fox (1993), 'Asset Specificity, Firm Heterogeneity and Capital Structure', Strategic Management Journal, Vol.14, No.1, pp. 3-16.
2. Barton, S. L. and P. J. Gordon (1988), 'Corporate Strategy and Capital Structure', Strategic Management Journal, Vol.9, No.6 (November), pp. 623-632
3. Binks, M.R., C.T. Ennew and G. V. Reed (1990), Small Business and Their Banks (Forum of Private Business, Knutsworth, Cheshire).
4. Box, G.E.P. and D. A. Cox (1964), 'An Analysis of Transformations', Journal of the Royal Statistical Society, Series B, Vol.26, pp. 211-243
5. Bradburd, R.M. and D. R. Ross (1989), 'Can Small Firms Find and Defend Strategic Niches? A Test of the Porter Hypothesis', Review of Economics and Statistics, Vol. LXXI, No. 2, pp. 258-62.
6. Chang, Y. and H. Thomas (1989), 'The Impact of Diversification Performance on Risk Return Performance', Strategic Management Journal, Vol.10, No.3, pp. 271-284
7. Cosh, A. and A. Hughes (1994), 'Size, Financial Structure and Profitability. UK Companies in the 1980's', in A Hughes and D. J. Storey (eds.) Finance and the Small Firm (London: Routledge).
8. Friend, I. and J. Hasbrouck (1988), 'Determinants of Capital Structure', Research and Finance, Vol.7, pp. 1-19.
9. Gujarati, D.N. (1988), Basic Econometrics, 2nd Edition (New York: McGraw-Hill) pp. 232-235
10. Harris, M. and A. Raviv (1991), 'The Theory of Capital Structure', Journal of Finance, Vol.XLVI, No.1, pp. 297-355.
11. Heckman, J. (1979), 'Sample Selection Bias as a Specification Error', Econometrica, Vol.47, pp. 153-161
12. Himmelberg, C. and B. Petersen (1994), 'R & D and International Finance. A Panel Study of Small Firms in High Tech Industries', Review of Economics and Statistics, Vol. LXXVI, No.l, pp. 38-51.
13. HMSO (1991), Constraints on the Growth of Small Firms (London: HMSO).
14. Hughes, A. and D. J. Storey (eds.) (1994), Finance and the Small Firm (London: Routledge).
15. Jordan, J., J. Lowe and P. Taylor (1997), 'Strategy, Financial Policy and Technology Assets in UK Small Firms', in R. Oakey and S.-M. Mukhta (eds.), .New Technology-Based Firms in the 1990s Vol. 3 (London: Paul Chapman Publishing), pp. 55-70.
16. Keasey, K. and R. Watson (1987), 'Non-financial Symptoms and the Prediction of Small Company Failure: A Test of Argenti's Hypothesis', Journal of Business Finance & Accounting, Vol.14, No.3, pp. 335-354
17. Koenkar, R. and G. Bassett (1982), 'Robust Tests Heteroscedasticity Based on Regression Quartiles', Econometrica, Vol.50, pp. 43-61.
18. Lowe, J., J. McKenna and G. E. Tibbits (1990), 'Small Firm Growth and Failure : Public Policy Issues and Practical Problems', in K. M. Renfrew and R. C. McCosker (eds), The Growing Small Business, Proceedings of the Fifth National Small Business Conference, pp. 175-190
19. -, A. Naughton and P. Taylor (1994), 'The Impact of Corporate Strategy on the Capital Structure of Australian Companies', Managerial and Decision Economics, Vol.15, pp. 245-257
20. MacKinnon, J. G., H. White and R. Davidson (1983), 'Tests for Model Specification in the Presence of Alternative Hypotheses: Some Further Results', Journal of Econometrics, Vol.21, pp. 53-70.
21. Miller, D. (1986), 'Configurations of Strategy and Structure: Towards a Synthesis' Strategic Management Journal, Vol.7, No.3 (May/June), pp. 233-249
22. Modigilani, M. and M. Miller (1958), 'The Cost of Capital, Corporation Finance and the Theory of Investment', American Economic Review, Vol.48 (June), pp. 261-297
23. Myers, S. (1984), 'The Capital Structure Puzzle', Journal of Finance, Vol.XXXXIX, No.3 (July), pp. 575-592
24. Norton, E. (1991), 'Capital Structure and Small Public Firms', Journal of Business Venturing, Vol.6, pp. 287-303.
25. O'Neill, H.M. and J. Duker (1986), 'Survival and Failure in Small Business', Journal of Small Business Management, Vol.24 No.1 (January), pp. 30-37
26. Petit, R. and R. Singler (1985), 'Small Business Finance: A Research Agenda', Financial Management (Autumn), pp. 47-60.
27. Porter, M. E. (1980), Competitive Strategy: Techniques for Analysing Industries and Competitors (New York: Free Press).
28. Ramanujam, V. and P. Varadarajan (1989), 'Research on Corporate Diversification: A Synthesis', Strategic Management Journal, Vol.10 (November/December), pp. 523-551
29. Ramsey, J. (1969), 'Tests for Specification Errors in Classical Linear Least Squares Regression Analysis', Journal of the Royal Statistical Society, Series B, Vol.31, pp. 350-371
30. Robson, G., C. Gallagher and M. Daly (1994), 'Diversification Strategy and Practice in Small Firms', International Journal of Small Business Research, Vol.11, No.2, pp. 37-53.
31. Rumelt, R. P. (1974), Strategy Structure and Economic Performance (Cambridge, MA: Harvard University Press).
32. Stoy-Hay ward/National-Westminster Bank (1987), A Study to Determine the Reasons for the Failure of Small Businesses in the UK (London: Stoy-Hayward/National Westminster Bank).
33. Storey, D., K. Keasey, R. Watson and P. Wynarczyk (1987), The Performance of Small Firms (London: Croom-Helm).
34. - R. Watson and P. Wynarczyk (1988), 'Fast Growth Small Businesses. A Study of 40 Small Firms in North East England', Research Paper .No. 67 (London Department of Employment).
35. Taylor, P. and J. Lowe (1995), 'A Note on Capital Structure and Corporate Strategy', Strategic Management Journal, Vol.16, No.5 pp. 411-414
36. White, H. (1980), 'A Heteroscedastic-Consistent Covariance Matrix Estimator and a Direct Test for Heteroscedasticity,' Econometrica, Vol.48, pp. 817-38.
37. Williamson, O.E. (1988), 'Corporate Finance and Corporate Governance', Journal of Finance, Vol.43, pp. 567-591
38. Wrigley, L. (1970), Divisional Autonomy and Diversification, Doctoral Dissertation (Harvard Business School).