An Empirical Investigation into the Size of Small Businesses

Jerome S. Osteryoung, R. Daniel Pace and Richard L. Constand
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Jerome S. Osteryoung: Florida State University
R. Daniel Pace: Valparaiso University
Richard L. Constand: College of Business, Honolulu

Journal of Entrepreneurial Finance, 1995, vol. 4, issue 1, 75-86

Abstract: A fundamental understanding of small businesses begins with an adequate definition of what constitutes a small business. Often the definition of a small business incorporates the definitions employed by the Small Business Administration (SBA) which, in part, uses the number of employees as the definitive measure. This paper examines the SBA’s definitions of a small business which use the number of employees as the standard. We find little evidence that supports the use of SBA definitions or any definition that relies on the number of employees.

Keywords: Small Firms; Small Business; SME; Size (search for similar items in EconPapers)
JEL-codes: L25 (search for similar items in EconPapers)
Date: 1995
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Citations: View citations in EconPapers (1)

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