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Small Business Enterprise: An Economic Analysis

Small Business Enterprise: An Economic Analysis


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About the Book

This book is concerned with one of the major contemporary issues of industrial organization: the role of small business enterprise in a mature market economy. Key issues covered are start-up and its financial features; static and dynamic scale economies; enterprise case histories; small business strategy; competitive forces; strategic pricing policy; determinants of growth and survivial; and the political economy of fair trade and enterprise. The treatment is analytical and empirical, well grounded in business reality, and set within the context of the political economy of small business. It is based on a unique and extensive database of small business enterprise, containing over 40,000 data points gathered by field work within the firm. The book starts with a section on the database and then applies diverse methods; statistical analysis; enterprise and case histories; econometrics; and political economy. In this way, a particularly rich picture of the modern small business emerges, because it is viewed from different perspectives. By the importation of contemporary ideas from industrial economics, allied to the use of statistical, econometric and qualitative techniques on a relational database, this book brings new standards of rigour and insight into the study of small business enterprise, without losing touch with either the reality of the small business or the milieu within which it functions. The author brings to this work his long-standing research experience in industrial economics, and an established publication record in small business economics.

Table of Contents:
Preface Part I Introduction 1 Analysing the small business enterprise 2 The small firms relational database Part II Statistical analysis 3 The typical small business enterprise 4 Cost curves and scale economies 5 Rankings data on financial inception Part III Case studies 6 Enterprise profiles 7 Competitive and defensive strategies 8 The forces of competition Part IV Econometrics 9 Staying in business 10 Pricing asymmetries 11 Growth and its determinants Part V Political economy 12 Small firms and fair trade 13 Perceptions of the enterprise culture Part VI Conclusion 14 A small firms research agenda

Review :
`The book is rich in ideas and insight, and will be useful for reference. ... is accessible and lucidly written, ... Any economist with a shelf of books on small firms has to add this one.' - The Business Economist Vol 25 No 1 93 `... a book combining empirical research, economic analysis and theory for SMEs is very welcome. And for a book of this quality, it is an event.' - Graham Bannock, Economic Affairs `With the publication of this book and the bold research agenda he proposes Reid single handedly moved the entire field of small business economics forward towards maturity.' - David B. Audretsh, Kyklos `Professor Reid is almost religious in his drive to persuade researchers to gather primary data, and devise estimation techniques to advance the frontiers of small business economics. With this I can hardly quibble. To my knowledge this is the finest work of its kind. It fills an important niche in our understanding of small firms, and the effort has to be judged a success.' - The Journal of Economic Literature


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Product Details
  • ISBN-13: 9780415132077
  • Publisher: Taylor & Francis Ltd
  • Publisher Imprint: Routledge
  • Height: 234 mm
  • No of Pages: 344
  • Weight: 503 gr
  • ISBN-10: 041513207X
  • Publisher Date: 07 Sep 1995
  • Binding: Paperback
  • Language: English
  • Sub Title: An Economic Analysis
  • Width: 156 mm


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