Financing preferences of ethnic minority owner/managers in the UK

Journal of Small Business and Enterprise Development

Volumn 14, Issue 3, 2007, Pages 487-500

  Hussain, Javed ^a   Matlay, Harry ^a  

^a BIRMINGHAM CITY UNIVERSITY   (United Kingdom)

Author keywords

Ethnic minorities; Finance; Owner managers; Small enterprises; United Kingdom

Indexed keywords

EID: 34547884272     PISSN: 14626004     EISSN: None     Source Type: Journal    
DOI: 10.1108/14626000710773565     Document Type: Article

References (50)

1. Bank of England (1994), Finance for Small Firms: A Sixth Report, Bank of England, London.
2. Bank of England (1999), The Financing of Ethnic Firms in the UK: A Special Report, Bank of England, London.
3. Bank of England (2001), Finance for Small Firms: An Eighth Report, Bank of England, London.
4. Barclays Bank (1999), Small Business Report, Barclays Bank PLC, London.
5. BBA (2002), Ethnic Minority Business in the UK: Access to Finance and Business Report, British Bankers Association, London.
6. Berger, A.N. and Frame, W.S. (2007), "Small business credit scoring and credit availability", Journal of Small Business Management, Vol. 45 No. 1, pp. 5-22.
7. Berger, A.N. and Udell, G.F. (1998);, The Economics of Small Business Finance: The Roles of Private Equity and Debt Markets in the Financial Growth Cycle, Mimeo, pp. R1-R16.
8. Berger, A.N. and Udell, G.F. (2002), "Small business credit availability and relationship lending: The importance of bank organisational lending", The Economic Journal, Vol. 112 No. 477, pp. F32-F53.
9. Berry, A., Grant, P. and Jarvis, R. (2004), "European bank lending to the UK SME sector: An investigation of approaches adopted", International Small Business Journal, Vol. 22 No. 2, pp. pp115-31.
10. Berthoud, R., Modood, T. and Smith, P. (1997), Ethnic Minorities in Britain, The Fourth National Survey of Ethnic Minorities in Britain, Policy Studies Institute, London.
11. Binks, M.R. and Ennew, C.T. (1996), "Growing firms and the credit constraint", Small Business Economics, Vol. 8, pp. 17-25.
12. Blackburn, R. and Ram, M. (2004), "Fix or fiction? The contribution and limitations of entrepreneurship and small firms to combating social exclusion", paper presented at the 27th ISBA Conference, Newcastle/ Gateshead, November.
13. Bolton Committee (1971), Report of the Committee of Inquiry on Small Firm, CMND 4811, HMSO, London.
14. CBR (2000);, British Enterprise in Transition 1994-1999, ESRC Center for Business Research, Cambridge.
15. Chami, R. (2001), "What is different about family business?", IMF Working Paper, International Monetary Fund, Washington, DC.
16. Cosh, A.D. and Hughes, A. (1994), "Size, financial structure and profitability", in Hughes, A. and Storey, D.J. (Eds), Finance and the Small Firm, Routledge, London.
17. Cosh, A., Duncan, J. and Hughes, A. (1996), The Changing State of British Enterprise: Growth Innovation and Comparative Advantage in SMEs 1986-1995, ESRC Center of Business Research, Cambridge University Press, Cambridge.
18. Cruickshank, D. (2000), Competition in the UK Banking, HMSO, London.
19. Deakins, D. and Hussain, J.G. (1993), "Risk assessment with asymmetric information: A case study of lending decisions by bank officers", UKMER Journal, Vol. 3 No. 2, pp. 11-23.
20. Deakins, D., Hussain, J.G. and Ram, M. (1992), A Study of the Finance of Ethnic Minority Small Firms in the West Midlands, Mimeo, Birmingham Polytechnic, Birmingham.
21. Deakins, D., Logan, D. and Steel, L. (2001), The Financial Management of the Small Enterprise, Certified Accountants Educational Trust, London.
22. DTI (2005), SME Banking Services and Small Business Competitiveness, Department of Trade and Industry, London, available at: www.dti.gov.uk (accessed 14 December 2005).
23. Hamilton, R.T. and Fox, M.A. (1998), "The financing preferences of small firm owners", International Journal of Entrepreneurial Behaviour & Research, Vol. 4 No. 3, p. 239.
24. Holmes, S. and Kent, P. (1991), "An empirical analysis of the financial structure of small and large Australian manufacturing enterprises", Journal of Small Businesses Finance, Vol. 1 No. 2, pp. 141-54.
25. Hussain, J., Millman, C. and Matlay, H. (2006), "Access to entrepreneurial finance - an international perspective", Journal of Small Business and Enterprise Development, Vol. 13 No. 4, pp. 584-99.
26. Ibbotson, P. and Moran, L. (2005), "The role of banks in the evolution of small entrepreneurial Irish firms", Journal of Small Business and Enterprise Development, Vol. 12 No. 4, pp. 556-63.
27. Irwin, D. and Scott, J.M. (2006), "Barriers faced by SMEs in raising finance from banks", paper presented at the ISBE Conference, Cardiff, November.
28. Jackson, W.E. and Mishra, C.S. (2007), "Small enterprise finance, governance, and imperfect capital markets: An introduction to the inaugural office depot forum special issue", Journal of Small Business Management, Vol. 45 No. 1, pp. 1-4.
29. Jones, T. (1993), Britain's Ethnic Minorities, Policy Studies Institute, London.
30. Levent, T.B., Masurel, E. and Nijkamp, P. (2003), "Diversity in entrepreneurship: Ethnic and female roles in urban economic life", International Journal of Social Economics, Vol. 30 No. 11, pp. 1131-61.
31. McMillan Committee (1931) Report of the Committee on Finance and Industry, CMND 3897, HMSO, London.
32. Mascarenhas-Keyes, S. (2006), "Ethnic minority small and medium enterprises in England: Diversity and challenges", paper presented at the Conference of the International Council for Small Business, Melbourne, June.
33. Matlay, H. (1997), "The training needs of small business owner/ managers operating in the West Midland region of the UK", unpublished PhD thesis, University of Warwick, Coventry.
34. Matlay, H. (2004), "E-Entrepreneurship and small e-business development: Towards a comparative research agenda", Journal of Small Business and Enterprise Development, Vol. 11 No. 3, pp. 408-14.
35. Myers, S.C. (1984), "The capital structure puzzle", The Journal of Finance, Vol. 39 No. 3, pp. 575-92.
36. Nwankwo, S. and Lindridge, A. (1998), "Marketing to ethnic minorities in Britain", Journal of Marketing Practice: Applied Marketing Science, Vol. 4 No. 7, pp. 200-16.
37. Peterson, R. and Shulman, J. (1987), "Capital structure of growing small firms: A twelve-country study on becoming bankable", International Small Business Journal, Vol. 5 No. 4, pp. 10-22.
38. Ram, M., Smallbone, D. and Deakins, D. (2002), Ethnic Minority Businesses in the UK: Access to Finance and Business Support, British Bankers Association, London.
39. Reynolds, P.L. and Lancaster, G. (2006), "A scheme to increase profitability in entrepreneurial SMEs", Journal of Small Business and Enterprise Development, Vol. 13 No. 3, pp. 395-410.
40. SBS (2003), Ethnic Minority in Businesses in England, Report of Annual Small Business Survey, Small Business Service, HMSO, London.
41. SBS (2004), A Government Action Plan for Small Business, Small Business Service, HMSO, London.
42. Scherr, F.C., Sugrue, T.F. and Ward, J.B. (1990), "Financing the small firm start-up: Determinants of debt use", Journal of Small Business Finance, Vol. 3 No. 2, pp. 17-36.
43. Smallbone, D., Baldock, R., Ram, M. and Deakins, D. (2001), "Access to finance by ethnic businesses: Some results from a national study", paper presented at the Public Policy and Institutional Context of Immigrant Businesses Conference, Liverpool, March.
44. Stanworth, J. and Gray, C. (1991), Bolton 20 Years On: The Small Firms in the 1990s, Paul Chapman, London.
45. Stanworth, J. and Purdy, D. (2004), "Combating social exclusion - the entrepreneurial dimension", paper presented at the 27th ISBA Conference, Newcastle/Gateshead, November.
46. Storey, D.J. (1994), Understanding the Small Business Sector, Routledge, London.
47. Tucker, J. and Lean, J. (2001), Micro-Finance and the Small Firm, ACCA Research Report No. 66, The Association of Chartered Certified Accountants, London.
48. Tucker, J. and Lean, J. (2003), "Small firm finance and public policy", Journal of Small Business and Enterprise Development, Vol. 10 No. 1, pp. 50-61.
49. Ward, R. (1986), "Orientation and opportunity: An interpretation of Asian enterprise in western society", paper presented at Annual Meeting of the American Sociological Association, New York, NY, September.
50. Wilson Committee (1979), The Financing of Small Firms, Interim Report of the Committee to Review the Functioning of the Financial Institutions, Cmnd 7503, HMSO, London.