10 THEORETICAL PROPOSALS FOR RENEWING THE STUDY OF THE MANAGER'S FINANCING DECISION IN SMALL BUSINESSES

10 propositions théoriques pour renouveler l’étude de la décision de financement dans la petite entreprise par le dirigeant

Médéssè Carol Frédy Gandegnon ()
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Médéssè Carol Frédy Gandegnon: LISST - Laboratoire Interdisciplinaire Solidarités, Sociétés, Territoires - EHESS - École des hautes études en sciences sociales - UT2J - Université Toulouse - Jean Jaurès - UT - Université de Toulouse - ENSFEA - École Nationale Supérieure de Formation de l'Enseignement Agricole de Toulouse-Auzeville - CNRS - Centre National de la Recherche Scientifique - INP - PURPAN - Ecole d'Ingénieurs de Purpan - Toulouse INP - Institut National Polytechnique (Toulouse) - UT - Université de Toulouse, INP - PURPAN - Ecole d'Ingénieurs de Purpan - Toulouse INP - Institut National Polytechnique (Toulouse) - UT - Université de Toulouse, IRGO - Institut de Recherche en Gestion des Organisations - UB - Université de Bordeaux - Institut d'Administration des Entreprises (IAE) - Bordeaux

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Abstract: Entrepreneurial finance has long addressed the issue of financing small businesses from the exclusive perspective of the supply of financing, neglecting an understanding of the demand-side mechanisms, which are nevertheless essential and embodied by the manager. Thus, based on the two characteristic elements of small businesses: the preponderance of the manager and their managerial specificities, we develop a theoretical framework based on two theories, managerial choice and financial proxemics, whose association suggests that the financing decision is a choice based on a proximity logic. The result is a four-dimensional conceptual model structured around: the person of the decision-maker, the decisionmaking process, the influence of the financiers and the financing purpose. His analysis brings out ten theoretical propositions intended to complete and/or renew the study of the financing decision in SB from the demand-side.

Keywords: Small Business; decision making process; financing; manager (search for similar items in EconPapers)
Date: 2023-08-21
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Published in Vie et Sciences de l'Entreprise, 2023, 1 (216-217), pp.92-118. ⟨10.3917/vse.216.0092⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04816276

DOI: 10.3917/vse.216.0092

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