This thesis aims to identify, and subsequently test, how financing preferences driven by non-economic, emotionally-based objectives can have consequences for the size and performance of small and medium-sized family enterprises. Small and medium-sized enterprises (SMEs) in general are known to have difficulty accessing finance, but the extent to which family owners’ preferences might further limit the firm’s use of finance, and in turn its size, remains largely unexplored to date.
Year Manuscript Completed
Economics, Finance (0508)
Family-owned business enterprises Finance; Family-owned business enterprises Management; Small business Finance; Small business Management.
Primary Language of Manuscript