The role of small business enterprise in a mature market economy is one of the major issues in contemporary industrial organization, and is the focus of this book. Small Business Enterprise brings new standards of rigour and insight into the study of small firms by importing contemporary ideas from industrial economics and by using up-to-date statistical and econometric techniques. Based on a uniquely rich set of data, Small Business Enterprise focuses on the early period after start-up of the small firm. It investigates competitive niches and how they are established,...

A new analytical approach to small firms' cases, which
* Uses rich primary source data on modern small businesses
* Combines business strategy and industrial organization
* Presents detailed Profiles on diverse small businesses
* Shows how successful small businesses achieve competitive advantage
* Considers both extended rivalry and financial structure
* Shows how to ground' small business theory in reality
Profiles in Small Businesses has a companion volume Small Business Enterprise by Gavin Reid (also published by Routledge, Hb: 0-415-05681-0:...

In the late 1920s Piero Sraffa initiated his scientific project to revive the classical surplus approach to the theory of value and distribution. Since the 1960s Pierangelo Garegnani has played a major role in keeping this project alive, adopting Sraffa's concern with the critique, interpretation and reconstruction of classical theory. This text celebrates Garegnanis achievement and expands upon his work in areas such as: the critique of neoclassical theory; classical political economy and its relationship to marginalism; issues in the theory of production; and the surplus approach and...

Venture capital is a relatively new investment form, especially in the UK and Europe. This text provides a systematic analysis of what drives investor-investee relations in venture capital markets. It employs a principal agent framework to provide a contemporary, global analysis of contracting relations practice. By developing this framework, Gavin Reid is able to develop an organizing principle for viewing the bewildering complexity of real-world venture capital activity. The principal-agent framework is simply and non-technically expounded and background information on the UK capital...

This volume is an excellent addition to Routledge's Studies in Small Business series. In this extended and novel entrepreneurial analysis of small firm inception and growth, a leading authority in the field develops a new kind of 'micro-micro' analysis, applying rigorous methods from economics, accounting and finance to gain a deeper understanding of micro-firms. Reid examines performance, hierarchy, capital structure, monitoring and control, flexibility, innovation and information systems.

Using statistical, econometric and qualitative methods of empirical research,...