Small firm finance and public policy

Jonathan Tucker, Jonathan Lean

Research output: Contribution to journalArticle

41 Citations (Scopus)
3 Downloads (Pure)

Abstract

Examines how a finance gap for small firms might be addressed by means of government policy to support informal financing initiatives. A review of both the finance and the government policy literature provides the basis for discussing and conceptualising the financing difficulties faced by small firms, the role of informal financing in alleviating certain of these difficulties and the areas where public policy is currently usefully employed in addressing such financing problems. Undertakes a questionnaire survey to collect data concerning small business awareness and use of informal finance and to identify issues concerning difficulties encountered in gaining access to finance. The results suggest that a debt finance gap may exist for a minority of firms, though an equity finance gap may represent a more significant issue for small firms. Four categories of policy action emerge from the study towards the achievement of economic and social policy objectives.

Original languageEnglish
Pages (from-to)50-61
Number of pages12
JournalJournal of Small Business and Enterprise Development
Volume10
Issue number1
DOIs
Publication statusPublished - 1 Mar 2003
Externally publishedYes

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Finance
Financing
Small firms
Public policy
Government policy
Social policy
Equity finance
Minorities
Debt finance
Small business
Economic policy
Access to finance
Questionnaire survey

Bibliographical note

Copyright © and Moral Rights are retained by the author(s) and/ or other copyright owners. A copy can be downloaded for personal non-commercial research or study, without prior permission or charge. This item cannot be reproduced or quoted extensively from without first obtaining permission in writing from the copyright holder(s). The content must not be changed in any way or sold commercially in any format or medium without the formal permission of the copyright holders.

Keywords

  • Finance
  • Information
  • Policy

ASJC Scopus subject areas

  • Business, Management and Accounting (miscellaneous)
  • Strategy and Management

Cite this

Small firm finance and public policy. / Tucker, Jonathan; Lean, Jonathan.

In: Journal of Small Business and Enterprise Development, Vol. 10, No. 1, 01.03.2003, p. 50-61.

Research output: Contribution to journalArticle

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