FINAL 2 Fin Sm Firms Diff Conts Same Probs - Boocock Wahab.pdf (149.29 kB)
The financing of small firms: different continents, the same problems?
journal contribution
posted on 2011-04-07, 08:36 authored by Grahame Boocock, Ismail WahabThe importance of small firms for economic development has been recognised
across the globe. Most governments are aware that smaller enterprises face
problems not experienced by their larger counterparts, and have taken steps to
provide financial assistance. This article compares the experiences of small firms in
the United Kingdom and Malaysia, and assesses whether public and private sector
financial initiatives in the two countries have reduced the existence of the “finance
gap” thought to prevail in both countries. The research programme conducted for
this article suggests that, despite differences in the financial infrastructures, the
cultural backgrounds and stages of economic development, small firms in the UK
and Malaysia seem to adopt the same financing practices and face the same
difficulties in raising funds. The reasons for this phenomenon are explored and the
implications for policy-makers are discussed.
History
School
- Business and Economics
Department
- Business
Citation
BOOCOCK, B. and WAHAB, I., 2001. The financing of small firms: different continents, the same problems? New England Journal of Entrepreneurship, 4 (2), pp. 13-31.Publisher
© Sacred Heart UniversityVersion
- AM (Accepted Manuscript)
Publication date
2001ISSN
1550-333XPublisher version
Language
- en