Small businesses employ more than half of the entire workforce, account for more than sixty percent of new jobs created in the United States, and are responsible for about fifty percent of private domestic gross product. It is noteworthy, however, that small business owners in credit markets, in particular minority owners, have difficulty in securing sources of capital for their business operation. The literature on credit market discrimination shows consistent results that can be interpreted as evidence that minority owners are discriminated against compared to their counterparts (i.e., White owners) in obtaining loans, which may be caused by lenders’ discrimination, although such behavior is prohibited under current fair-lending laws. This paper uses pooled cross-sectional data from the Survey of Small Business Finances (1993, 1998, and 2003) and a bivariate probit model based on James J. Heckman’s approach to deal with sample selection bias for those choosing to apply for loans. Those who didn’t apply for loans have been ignored in analyses of credit markets for small business owners. This paper adds to the small business lending market literature by 1) combining cross sectional data from the Survey of Small Business Finances (SSBF) for 1993, 1998, and 2003 to get more precise estimates and test statistics with more power; 2) conducting regression analyses with different model specifications to show the robustness of the empirical results; and 3) dealing directly with problems of sample selection based on Heckman’s approach with particular attention to the assumptions required to justify the identification of the effect (i.e., exclusion restrictions).

The analysis confirms previous results, suggesting that minority owners are discriminated against in credit markets. These conclusions are supported in a variety of model specifications.

This study investigates the influence of business-specific, bank-specific, and political-specific networks on small firm investments in Vietnam. Also, I aim to explain how these social networks substitute the weaknesses of local institutions. Examining a set of more than 9,800 firm-year observations of small businesses in Vietnam from 2005–2015, I find that social ties with bank officials can boost firm investments; social ties with government officials can help firms overcome institutional voids; whereas social ties with businesspeople appear trivial to investment decisions. More importantly, I propose that networking, especially networks built upon connections with government officials, can substitute local institutions by addressing weaknesses in (1) inefficient legal enforcement, (2) corruption, (3) bureaucratic compliance, and (4) non-transparent governance system.

The purpose of this paper is to analyse the performance of two similar small businesses in seeking resource consent to expand their operations. The proposed developments are examples of locally unwanted land use. Why did one project proceed as planned, and the other project experience expensive delays? The different outcomes are examined from three perspectives: stakeholder theory, the NIMBY phenomena and the legislative framework. The paper then suggests approaches to address the growing problem of community resistance that can threaten small business development. The paper contributes to the literature by providing new insights into the complex relationship between stakeholder theory, the NIMBY phenomena and the legislative framework.

Although the characteristics of top managers is an important factor associated with competitive advantage, and managerial resources are recognized as a firm’s major resource, there is limited research concerning the role of top manager’s capabilities in the relationship between entrepreneurial orientation and international performance. Based on the upper echelons perspective and resource-based view, the present study aimed to analyze top manager’s cultural intelligence as an internal contingency of the relationship between entrepreneurial orientation and international performance. The study’s theoretically derived research model was tested using survey data obtained from 206 small- and medium-sized enterprises. The findings suggested that the extent to entrepreneurial orientation was related to a firm’s international performance was contingent on the level of three dimensions of cultural intelligence (metacognitive, cognitive, and motivational). Furthermore, as the level of all four cultural intelligence dimensions of top managers increased, the relationship between entrepreneurial orientation and international performance increased in strength. The implications of the present findings for future research and practice were discussed.

The effects of employee-perceived leadership paradigms on multiple measures of firm performance collected from managers and customers in small businesses were examined. Four leadership paradigms operating in Australian retail pharmacies were assessed against six performance measures – financial outcomes, staff and customer satisfaction, productivity, retaining staff, and manager retention. Structural equation modeling, regression, and analysis of variance were employed to test the hypotheses. Predictions that firms characterized by visionary and organic/distributed leadership would outperform those using classical and transactional leadership were supported on all measures. Furthermore, the emerging organic leadership paradigm outperformed the others on every measure.

This paper provides a comparative perspective of public procurement policies for small and medium-sized enterprises (SME) in the United States and Europe. Public procurement is increasingly recognized as a strategic function of public administration because of the huge amount of resources it consumes, as well as the important policy objectives it seeks to promote, including SME-related objectives. Progress towards meeting SME procurement participation goals, however, remains elusive on both sides of the Atlantic. Policy makers and administrators have little comparative research upon which to draw regarding the effectiveness of various policy approaches, a shortcoming this paper seeks to address. An institutional perspective is adopted which helps explain similarities and differences in U.S. and European SME policies.

This paper presents the results of a consilience framework developed and tested to reconcile the varying definitions, methodologies and purposes of the data collected on independent contracting within Australia. The result is a multilayered profile of the self-employed contractor which draws together official labour market statistics, taxation office liabilities and marketing-based consumer data sources. The framework sees independent contractors emerge as a dynamic, entrepreneurial and complex group who defy many of the age, gender and industry stereotypes that law and policy makers confine them to. While these initial results are limited to Australia, the challenge independent contractors present to established systems of legal, social and government regulation are embedded within the wider contexts of self-employment and small business. These contexts are universal and the sooner these challenges are answered, the sooner the opportunities they also present can be realised.

This research responds to calls for studies aimed at developing a more nuanced understanding of women small business owners’ networking behaviours and structures. The study examined whether business start-up motivations and phase of the business (prestart-up, start-up and established) influenced women’s networking behaviours and structures. Semistructured interviews were conducted with 28 women. Interview data were used to categorise participants into classic, forced, and work–family owners. Analysis of the interviews found no marked differences in networking behaviours and network structures of participants during prestart-up phase. During start-up and established phases differences began to emerge. Given that classic and forced owners had established their businesses for financial reasons, a diverse network was more relevant for them. However, work–family participants established the business for family/work balance, thus a small network of close ties was sufficient to achieve their business goals. Theoretical, practical and research implications of the findings are outlined.

Traditionally, environmental education has been aimed at the community or in primary schools and governmental pressure to reduce environmental damage has focussed on large businesses. More recently, the role and importance of small business and how to engage them in the environmental debate has come under scrutiny. Researchers have identified education as one method of increasing the understanding of small business owner-managers' role and knowledge of practices that, when implemented, will reduce the negative impacts of their businesses. However, there is little attention given in the literature to the perspective of the small business owner-manager and environmental education. This research was conducted to begin to address this gap. Research results confirm that there is limited environmental education for small businesses and that there is a disconnect in meeting the needs of such a disparate group. Six elements were identified by the small business owner-managers in the design of environmental education for them: use of plain language, provision of best practice examples, industry specific information, solutions for immediate improvement, practical content and use of trusted sources to deliver the program.

Small business owners who turn to professional web development consultants for assistance with building a web site may need support not only in terms of the technical aspects of web site implementation, but also in terms of understanding their options for e-business. However, client/consultant relationships within the small business sector can be problematic and the limited research available into small business engagement of web developers suggests that bad experiences and disappointing outcomes are not uncommon.

Interpretive case study methodology was used to explore four sets of small business owner/web developer relationships: how each pair worked together and what they expected of each other. The negotiation and clarification of roles and responsibilities proved to be an essential aspect of the relationships. Also, achieving an adequate level of client involvement in the web site design and development process was a challenge in all cases.

Allotment and subcontracting are the two procedures enabling small businesses to participate in procurement. We compare these two procedures in the context of a procurement contract awarded by a first-price sealed-bid auction. We assume that the public buyer wishes to fulfil two different goals: to minimize expected costs of the contract for the public buyer and to maximize small businesses' profit. We show that, under specific cost-technology conditions we determine, the allotment procedure not only enables extensive participation by small businesses but also can achieve the goal of minimizing expected total costs for the public buyer.