IDEAS home Printed from https://ideas.repec.org/a/sae/entthe/v26y2001i2p51-61.html
   My bibliography  Save this article

Growth and Financial Profiles Amongst Manufacturing SMEs from Australia's Business Longitudinal Survey

Author

Listed:
  • Richard G. P. McMahon

Abstract

The principal objective of this paper is to compare and contrast financial profiles for a longitudinal panel of 871 small and medium-sized enterprises (SMEs) In the Australian manufacturing sector that have embarked upon different development pathways and to examine possible connections between enterprise growth and the experience of common financial problems. Collectively, the findings represent a departure from much received knowledge in SME financial scholarship. The experience of growth seems not to have influenced the return on Investment, asset structure, financial structure, liquidity and solvency ratios of the SMEs studied; but the margin, operating expenses, turnover, and financing expense ratios do appear to be affected by growth. Overall, the financial profiles produced are quite unremarkable; there Is no evidence of problematic financial consequences of growth. The only differences in financial profiles found are those that are readily explained by differences in the scale or growth resource needs of the businesses examined.

Suggested Citation

  • Richard G. P. McMahon, 2001. "Growth and Financial Profiles Amongst Manufacturing SMEs from Australia's Business Longitudinal Survey," Entrepreneurship Theory and Practice, , vol. 26(2), pages 51-61, December.
    • Handle: RePEc:sae:entthe:v:26:y:2001:i:2:p:51-61
    DOI: 10.1177/104225870102600203
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/104225870102600203
    Download Restriction: no
    File URL: https://libkey.io/10.1177/104225870102600203?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Wallace N. Davidson III & Dipa Dutia, 1991. "Debt, Liquidity, and Profitability Problems in Small Firms," Entrepreneurship Theory and Practice, , vol. 16(1), pages 53-64, October.
    2. Calvin M. Boardman & Jon W. Bartley & Richard L. Ratliff, 1981. "Small Business Growth Characteristics," Entrepreneurship Theory and Practice, , vol. 5(3), pages 33-43, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Pierre-André Julien & Josée St-Pierre, 2012. "Entrepreneur, incertitude et information : un essai d’application," Post-Print hal-01705651, HAL.
    2. Sarra Kouada & Bénédicte Aldebert & Serge Amabile, 2018. "L’hypercroissance des start-up n’est pas un long fleuve tranquille : rôle et place des structures d’accompagnement ?," Post-Print halshs-01943501, HAL.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. James J. Chrisman & Alan Bauerschmidt & Charles W. Hofer, 1998. "The Determinants of New Venture Performance: An Extended Model," Entrepreneurship Theory and Practice, , vol. 23(1), pages 5-29, October.
    2. Amir Sasson, 2008. "Exploring Mediators: Effects of the Composition of Organizational Affiliation on Organization Survival and Mediator Performance," Organization Science, INFORMS, vol. 19(6), pages 891-906, December.
    3. Thornhill, Stewart & Amit, Raphael, 2003. "Learning from Failure: Organizational Mortality and the Resource-based View," Analytical Studies Branch Research Paper Series 2003202e, Statistics Canada, Analytical Studies Branch.
    4. Thornhill, Stewart & Amit, Raphael, 2003. "Comprendre l'echec : mortalite organisationnelle et approche fondee sur les ressources," Direction des études analytiques : documents de recherche 2003202f, Statistics Canada, Direction des études analytiques.
    5. Paola Valbonesi & Federico Biagi, 2016. "Incentivising Innovation and Adoption of ICT: ICT Innovation Voucher Programmes," JRC Research Reports JRC104057, Joint Research Centre.
    6. Reuben Vinnell & R. T. Hamilton, 1999. "A Historical Perspective on Small Firm Development," Entrepreneurship Theory and Practice, , vol. 23(4), pages 5-18, July.
    7. Stewart Thornhill & Raphael Amit, 2003. "Learning About Failure: Bankruptcy, Firm Age, and the Resource-Based View," Organization Science, INFORMS, vol. 14(5), pages 497-509, October.
    8. Chandler, Gaylen N. & Hanks, Steven H., 1998. "An examination of the substitutability of founders human and financial capital in emerging business ventures," Journal of Business Venturing, Elsevier, vol. 13(5), pages 353-369, September.
    9. Jan Brinckmann & Soeren Salomo & Hans Georg Gemuenden, 2011. "Financial Management Competence of Founding Teams and Growth of New Technology–Based Firms," Entrepreneurship Theory and Practice, , vol. 35(2), pages 217-243, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:entthe:v:26:y:2001:i:2:p:51-61. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.