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The Nature of the Small Firm: Understanding the Motivations of Growth and Non-Growth Oriented Owners

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  • Scott Holmes

    (School of Accountancy, Queensland University of Technology, Brisbane QLD 4001.)

  • Ian Zimmer

    (Department of Commerce, The University of Queensland, Brisbane QLD 4072.)

Abstract

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Suggested Citation

  • Scott Holmes & Ian Zimmer, 1994. "The Nature of the Small Firm: Understanding the Motivations of Growth and Non-Growth Oriented Owners," Australian Journal of Management, Australian School of Business, vol. 19(1), pages 97-120, June.
    • Handle: RePEc:sae:ausman:v:19:y:1994:i:1:p:97-120
    DOI: 10.1177/031289629401900106
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    References listed on IDEAS

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    1. James S. Ang, 1992. "On the Theory of Finance for Privately Held Firms," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, vol. 1(3), pages 185-203, Spring.
    2. Holderness, Clifford G. & Sheehan, Dennis P., 1991. "Monitoring an owner*1: The case of Turner broadcasting," Journal of Financial Economics, Elsevier, vol. 30(2), pages 325-346, December.
    3. M. J. K. Stanworth & J. Curran, 1976. "Growth And The Small Firm — An Alternative View," Journal of Management Studies, Wiley Blackwell, vol. 13(2), pages 95-110, May.
    4. Shane, Scott & Kolvereid, Lars & Westhead, Paul, 1991. "An exploratory examination of the reasons leading to new firm formation across country and gender," Journal of Business Venturing, Elsevier, vol. 6(6), pages 431-446, November.
    5. James S. Ang, 1991. "Small Business Uniqueness and the Theory of Financial Management," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, vol. 1(1), pages 1-13, Spring.
    6. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    7. Sue Birley & Paul Westhead, 1990. "Growth and performance contrasts between ‘types’ of small firms," Strategic Management Journal, Wiley Blackwell, vol. 11(7), pages 535-557, November.
    8. Gregory E P Shailer, 1994. "Asset Specificity, Agency And Information Asymmetry In Owner-Managed Firms," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 2(02), pages 753-769.
    9. Scott Holmes & Pam Kent, 1991. "An Empirical Analysis of the Financial Structure of Small and Large Australian Manufacturing Enterprises," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, vol. 1(2), pages 141-154, Winter.
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    Cited by:

    1. Jackson André da Silva & Nério Amboni & Anacleto Ângelo Ortigara & Alexandre Marino Costa, 2014. "Business DNA: an Analysis of Micro and Small Companies in the State of Santa Catarina," Brazilian Business Review, Fucape Business School, vol. 11(2), pages 115-134, March.
    2. Joseph A Crawford & Sarah Dawkins & Angela Martin & Gemma Lewis, 2020. "Putting the leader back into authentic leadership: Reconceptualising and rethinking leaders," Australian Journal of Management, Australian School of Business, vol. 45(1), pages 114-133, February.
    3. Scott McCarthy & Barry Oliver & Martie-Louise Verreynne, 2017. "Bank financing and credit rationing of Australian SMEs," Australian Journal of Management, Australian School of Business, vol. 42(1), pages 58-85, February.
    4. Woldeyohanes, H. T., 2014. "Dimensions and Determinants of Growth in Micro and Small Enterprises: Empirical Evidence from Mekelle City, Ethiopia," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 6(3), pages 1-12, September.
    5. Zouhour Ben Hamadi & Philippe Chapellier & Fabienne Villesèque-Dubus, 2014. "Innovations budgétaires en PME : l'influence du secteur d'activité et du profil du dirigeant," Post-Print hal-02010369, HAL.
    6. Husam Aldamen & Keith Duncan & Simone Kelly & Ray McNamara, 2020. "Corporate governance and family firm performance during the Global Financial Crisis," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 60(2), pages 1673-1701, June.
    7. Drolet, Steve & LeBel, Luc, 2010. "Forest harvesting entrepreneurs, perception of their business status and its influence on performance evaluation," Forest Policy and Economics, Elsevier, vol. 12(4), pages 287-298, April.
    8. Souza, Ricardo Rodrigues de & Seifert, Rene Eugenio, 2018. "Understanding the Alternative of Not Growing for Small Mature Businesses," management revue - Socio-Economic Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 29(4), pages 333-348.
    9. Suzanne Campin & Jo Barraket & Belinda Luke, 2013. "micro-Business Community Responsibility in Australia: Approaches, Motivations and Barriers," Journal of Business Ethics, Springer, vol. 115(3), pages 489-513, July.

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