Small firm behaviour in Sri Lanka

被引:8
作者
Batten, J
Hettihewa, S
机构
[1] Nanyang Technol Univ, Nanyang Business Sch, Singapore 2263, Singapore
[2] Univ Western Sydney Macarthur, Dept Econ & Finance, Campbelltown, NSW 2560, Australia
关键词
D O I
10.1023/A:1008147928172
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper investigates the behaviour of small firms in Sri Lanka using a countrywide cross-sectional survey. The 73 responding firms provide information on whether certain variables: the firm's utilisation of assets; labour; technology; family savings; and access to bank financing, vary with four firm-specific factors: industry; family ownership; size; and whether the firm's manager was also an owner of the firm. Sampled small firms are mostly family owned and owner managed although a significant number of family owned firms are managed by non-family managers. Most firm's under-utilise assets, use existing rather than the latest technology, and are reliant upon family savings. Statistical analysis provides evidence of significant cross-sectional variation in small firm practice. The results are explained in terms of the cost of acquiring new technology, asymmetries and opacity in financial information, and the non-value maximising behaviour of firm owners who are also firm managers.
引用
收藏
页码:201 / 217
页数:17
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