Small Firm Management

This text focuses upon the inherent difficulties associated with small firm contractual relationships. The authors investigate the economic interests and incentives associated with various small firm ownership and financial structures; the difficulties in monitoring and enforcing contractual obligations; the problems of obtaining reliable information on firm performance; the importance of internal decision-making and the management of change; and the impact of legislation and other non-governmental forms of regulation in small business relationships. The book analyzes and discusses relevant issues, drawing together recent theoretical and empirical developments from the economics of industrial organization and labour and financial economics. This text should be of interest to undergraduate and postgraduate students on courses which require an understanding of economics of small business and small business advisors.