What Is a Small Business?

Jerome S. Osteryoung and Derek Newman
Additional contact information
Jerome S. Osteryoung: Florida State University
Derek Newman: Lincoln University, Canterbury

Journal of Entrepreneurial Finance, 1993, vol. 2, issue 3, 219-231

Abstract: 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.

Keywords: Small Business; SME; Definition; Define (search for similar items in EconPapers)
JEL-codes: L25 N81 N82 (search for similar items in EconPapers)
Date: 1993
References: View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://jefsite.org/RePEc/pep/journl/jef-1993-02-3-c-osteryoung.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pep:journl:v:2:y:1993:i:3:p:219-231

Access Statistics for this article

More articles in Journal of Entrepreneurial Finance from Pepperdine University, Graziadio School of Business and Management Contact information at EDIRC.
Bibliographic data for series maintained by Craig Everett ().