Artikel
The Alternative to Assuming 'Rational' Use of Financial Information within Small Firms
Since emerging as a separate domain, research concerned with financial management in small firms has proceeded on a foundation of assumptions, primarily influenced by economics, which do not appear to be in accord with reality. Two fundamental assumptions are reviewed in this paper and the validity of each is questioned. These are that the small firm owner/manager is a rational economic decision maker and must have access to financial information to properly engage in decision making activities. Alternative interpretations, associated with the purposive action assumptions of the Austrian school of economic thought, are proposed as a more appropriate foundation for the development of theories of small firm financial management.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Journal of Small Business Finance ; ISSN: 1057-2287 ; Volume: 2 ; Year: 1993 ; Issue: 2 ; Pages: 163-174 ; Greenwich, CT: JAI Press
- Klassifikation
-
Management
Firm Performance: Size, Diversification, and Scope
Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
Current Heterodox Approaches: Austrian
- Thema
-
Rational
Small Firm
Financial Information
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Gibson, Brian
- Ereignis
-
Veröffentlichung
- (wer)
-
JAI Press
- (wo)
-
Greenwich, CT
- (wann)
-
1993
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Gibson, Brian
- JAI Press
Entstanden
- 1993
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