Firm level empirical research on the impact of financing decisions on small business performance is scarce in the Australian context. This study adopts an instrument variable (IV) approach to analysis the impact of financing decisions, in particular, equity or debt obtained, on the performance...

In Australia, small businesses are defined by ABS as entities “employing less than 20 employees” (ABS 2008). In 2006 2007, 99% of businesses were considered as small businesses. Even though referred to as the “engine room of the Australia economy”, the small businesses are...

We develop a comprehensive performance determination framework for small businesses; provide a broad overview of recent firm-level research on firm performance; classify the performance determinants into three categories: (1) immediate factors, i.e. production, operation, marketing, R&D, and...