This paper investigates the decision by Small and Medium Enterprises (SMEs) to raise funding via the sale of equity. Prior theoretical and empirical work on the ‘pecking order’ of funding has indicated that we should not expect SMEs to prefer equity funding over internal funding and external...

This study investigated the longitudinal behaviour of growth rates and profitability for a large sample of Australian firms. Similar to previous studies, growth rates were found to be much more volatile than profitability measures. Using a regression equation with lagged profit and growth...

An individual’s intention to behave entrepreneurially will have attitudinal and self-efficacy antecedents. Nascent entrepreneurs also have the choice to behave entrepreneurially in their own new business or to behave entrepreneurially in an existing business (as an intrapreneur). When faced...

Despite the increasing recognition of the importance of word of mouth as an integral component of a firms’ marketing efforts, there has been little emphasis on developing suitable guidelines for entrepreneurs who wish to leverage scarce resources by pursuing more innovative marketing...

We are interested in the antecedents to an individual?s decision to become an entrepreneur. Our approach is to consider an individual?s choice between self-employment and becoming an employee using multi-attribute utility discrete-choice modeling. The attributes in the model are based on the...

The aim of this paper is to provide a better understanding of the evolution of small firm performance. We do so by studying performance changes on a two dimensional "growth– profitability performance space". It is well established that both growth and profitability are important dimensions of...

This paper investigates the decision making behaviour of individuals with respect to attributes considered relevant to the assessment of potential venture opportunities. Using a decision making experiment, we were able to consider the behaviour of individuals taking into account their risk and...

This paper presents a conceptual model of the work effort decision of individuals and thereby advances our understanding of workaholism and other patterns of high or low work involvement and high or low work enjoyment. Researchers have categorized eight main types of work behaviors using the...

Methodology/Approach: There is a lack of theoretical development on the question of why people work long hours and the nature of ‘workaholism’. This paper uses the economist’s utility-maximization model to build a conceptual model of voluntary work effort that explains the work effort...

The traditional theory of the firm, as presented in virtually all economics textbooks, implicitly treats the firm as an owner-managed, or entrepreneurial, entity. In reality, ownership and control of the firm are often separated. The consequent delegation of tasks and information asymmetry lead...