The State of Research and the Economic Environment in Small-Firm Finance

17 Pages Posted: 18 Jan 2016 Last revised: 23 Mar 2016

See all articles by Ramon P. DeGennaro

Ramon P. DeGennaro

University of Tennessee, Knoxville - Department of Finance

Michael McDonald

Fairfield University - Charles F. Dolan School of Business

Date Written: March 16, 2016

Abstract

We argue that research on small firms is less informative than most scholars believe, which suggests that researchers and practitioners know less than they think. Research in small firm finance is hindered by a lack of good data, vague descriptions of methodology in the extant literature, and the potential for severe biases in results. We discuss hurdles to our understanding of small firm finance, and the status of government intervention in markets. We close by discussing potential dangers posed to businesses, especially small firms, by economic and political Institutions.

Keywords: angel finance, business formation, government intervention, political economy

Suggested Citation

DeGennaro, Ramon P. and McDonald, Michael, The State of Research and the Economic Environment in Small-Firm Finance (March 16, 2016). Available at SSRN: https://ssrn.com/abstract=2716781 or http://dx.doi.org/10.2139/ssrn.2716781

Ramon P. DeGennaro (Contact Author)

University of Tennessee, Knoxville - Department of Finance ( email )

423 Stokely Management Center
Knoxville, TN 37996
United States
865-974-1726 (Phone)
865-974-1716 (Fax)

Michael McDonald

Fairfield University - Charles F. Dolan School of Business ( email )

N. Benson Road
Fairfield, CT 06824
United States

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