How Are Small Firms Financed? Evidence from Small Business Investment Companies

Elijah Brewer · Hesna Genay · William E. Jackson · Paula R. Worthington

53 citations0/0 files storedRePEc: Research Papers in Economics

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Private Equity and Venture Capital Banking stability, regulation, efficiency Corporate Finance and Governance

Abstract

This article examines the investment decisions of small business investment companies (SBICs). The results indicate that potential costs of contracting among SBICs, small firms, and others may have significant effects on how small firms are funded. For instance, projects generating tangible assets and firms operating in industries with few growth opportunities are more likely to be financed with debt than nondebt.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 53 citations exist upstream.

References

1976Theory of the firm: Managerial behavior, agency costs and ownership structure 1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers 1958The Cost of Capital, Corporation Finance and the Theory of Investment 1992Insiders and Outsiders: The Choice between Informed and Arm's-Length Debt 1990Managerial discretion and optimal financing policies 1991Monitoring and Reputation: The Choice between Bank Loans and Directly Placed Debt 1995The Effect of Credit Market Competition on Lending Relationships 1992Liquidation Values and Debt Capacity: A Market Equilibrium Approach

Cited by

2006SMEs' Access to Debt Finance 1998The Underinvestment Problem and Patterns in Bank Lending 2008Credit guarantees and SME efficiency 2018Financing Entrepreneurial Production: Security Design with Flexible Information Acquisition 2004Growth history, knowledge intensity and capital structure in small firms 2012The effect of foreign bank presence on firm entry and exit in transition economies

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.