Finance for Growing Enterprises

Front Cover
Roger Buckland, Edward W. Davis
Routledge, Jul 15, 2016 - Business & Economics - 314 pages

This volume, originally published in 1995, examines the mechanisms by which businesses that have the capacity to grow – whether in terms of output, innovation or export – acquire the cash that enables growth. Addressing an issue of central importance to the competitiveness of firms and economies, this book draws together research by leading academics in the area. Throughout, research studies develop the themes of market failure, finance gaps and failure of demand. They also bring out the linkages between the financing choices facing the growing firm and the issues of organisation and of corporate governance that have to be address during the process of growth and maturity. Contributors challenge financial orthodoxy throughout, providing coherent analyses of the difficulties faced in the finance of the growing enterprise, from its early dependence on banks and informal finance to the pinnacle of a stock exchange listing.

 

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Contents

1 Introduction
1
2 Market Fallures in the Provision of Finance and in Business Services for Small and MediumSized Enterprises
13
3 Bank Finance for Growing Small Businesses
40
Issues and Evidence
55
5 The Role of Informal Venture Capital in Financing the Growing Firm
77
6 ThirdParty Equity The Role of the UK VentureCapital Industry
102
7 The Stock Exchange and the Unlisted Securities Market
127
An InterTemporal Study
139
10 Efficient Pricing of IPOs
173
A Financial Analysis of the Sock Shop
195
New Markets for Growing Firms Equities
223
13 The Development of Financial Strategy and Accountability around Quotation
249
14 Conclusion
270
References
283
Index
303
Copyright

9 Debt Targeting and Banking Relationships in the Financial Behaviour of Newly Quoted Firms in the UK
152

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