What Is a Small Business?

This paper argues that a definition of small business is important for both research and governmental policy. A chronological history of definitions is discussed along with their limitations. A new definition of small business is advocated when a business has personal guarantees and has no public stock. This definition is measurable, meaningful, and congruent with the perceptions of the market system.

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Year of publication:	1993
Authors:	Osteryoung, Jerome S. ; Newman, Derek
Published in:	Journal of Small Business Finance. - Greenwich, CT : JAI Press, ISSN 1057-2287. - Vol. 2.1993, 3, p. 219-231
Publisher:	Greenwich, CT : JAI Press
Subject:	Small Business \| SME \| Definition \| Define

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	hdl:10419/114658 [Handle] RePEc:pep:journl:v:2:y:1993:i:3:p:219-231 [RePEc]
Classification:	L25 - Firm Size and Performance ; N81 - U.S.; Canada: Pre-1913 ; N82 - U.S.; Canada: 1913-
Source:	EconStor

Persistent link: https://www.econbiz.de/10011310321