Research review: A review of the latest research in the field of small business and entrepreneurship

Abstract

This is the first of a series of reviews for Small Enterprise Research that cover recently published research in the field of small business management and entrepreneurship. The focus of this review is on financial management in small to medium enterprises (SMEs), in particular working capital and cash flow management. A total of 18 papers published in the past 12 months are reviewed summarising their methodology, findings and implications for research, education, policy and practice. The papers are grouped into four categories. The first are those that provide an overall examination of the nature of SME financing. The second are those that focus on the relationship between working capital management and profitability in SMEs. The third group encompass studies of how owner-managers undertake the management of working capital, specifically in developing economies. The fourth group examines the relationship between financial management and growth within SMEs.

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