Small Business Data Sources in Australia

Johnson, Daniel D.; Kells, Stuart

doi:10.1111/1467-8462.00021

Cited by 1 publication

(2 citation statements)

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“…Significant cost penalties are borne by plants which operate at less than the minimum optimum scale. For example, in cement production, the minimum optimum scale is likely to be in billions of kilograms per year and firms operating in mere hundreds of millions are likely to incur a penalty of around 25% (Johns et al 1989). There are similar cost penalties attached to many other manufacturing processes.…”

Section: Small Enterprisesmentioning

confidence: 99%

“…It could also be that, since most franchisers subject potential franchisees to a screening process, failure rates are lower than for other small enterprises. Results of a survey of the benefits perceived by franchisees reported in Johns et al (1989) indicate that advertising, followed by quantity discounts, and advice and assistance were the major benefits associated with franchising. These are benefits typically enjoyed by large enterprises.…”

Section: Franchisee and Franchiser Perspectivesmentioning

confidence: 99%

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Small Enterprise: Finance, Ownership and Control

Hutchinson

1999

Int J Management Reviews

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Finance, ownership and control issues have received a great deal of attention in recent years as centres of interest in the ‘new institutional economics’. Much of the debate has been fuelled by the inability of neoclassical economics to explain the continued existence, and increasing importance, of small enterprises. Developments in agency theory, information asymmetry and signalling theory, and transaction cost economics are identified as contributing to a new approach. The concepts distilled from a review of these developments are then used in the analyses of well‐known phenomena involving small enterprises. These include capital structure and access to capital markets featuring the finance gap, the underpricing of new issues and the small firm effect. In addition, going private, by means of management buy‐outs, and franchising are examined. It is seen that the economic literature on finance, ownership and control helps to explain both the advantages and disadvantages of small enterprises. Their continued existence is seen as being due to a trade‐off of various costs and benefits.

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Section: Small Enterprisesmentioning

confidence: 99%

Section: Franchisee and Franchiser Perspectivesmentioning

confidence: 99%