Minding small change among small firms in Kenya

Family Financing and Productivity Among Small Manufacturing Firms in Ghana

This paper argues that family …nancing through loans for investment or intermediate input purchases may allow relatively unproductive …rms to stay in the market, reducing average productivity in the economy. Evidence from the Ghanaian Manufacturing Survey 1991-1998 is consistent with this hypothesis. I present reduced form estimates as well as a dynamic model which I estimate structurally using...

Small Firms Marketing:

Small Firms’ Investment:

Small Firms in the SSBF

This paper uses SSBF data to better understand how the owners of small firms use decisions about legal organization, firm size, capital structure, and owner investment in the firm to manage firm risk. The main findings are: Firms with unlimited liability are smaller, both when measured by assets and number of employees, and tend to be less leveraged than those whose owners limit their personal ...

Board Empowerment in Small Firms:

Corporate governance literature generally suggests that a company’s boards of directors may influence company performance. When the balance of power over strategic decisions and organisational outcomes favour the CEO the board may however have few possibilities to monitor managerial or company performance or influence strategic choices. This paper investigates how boards become activated and em...