The Economics of Small Businesses

The Economics of Small Businesses

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Is small still beautiful? The recent economic and financial crisis has shown that developed countries in which firms are smaller suffered the biggest GDP plunges. Today, economic growth depends more than in the past on sound and well-organized firms, which means more innovation, a better educated labor force, higher likelihood of access to financial resources and efficient investments. This does not mean the end of small-sized firms, but that they need to be different from the way they were in the past. This book provides an international perspective on analyses and policy recommendations for how small businesses can reinforce their role in modern economies.They also used lower ratios of outside debt, bank loans, and insider financing, although these differences were not significant. These findings suggest that, consistent with prior research, women-owned firms are more reliant of owner- providedanbsp;...

Title:The Economics of Small Businesses
Author:Giorgio Calcagnini, Ilario Favaretto
Publisher:Springer Science & Business Media - 2011-01-07


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