Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/114653
Authors: 
Gibson, Brian
Year of Publication: 
1993
Citation: 
[Journal:] Journal of Small Business Finance [ISSN:] 1057-2287 [Volume:] 2 [Year:] 1993 [Issue:] 2 [Pages:] 163-174
Abstract: 
Since emerging as a separate domain, research concerned with financial management in small firms has proceeded on a foundation of assumptions, primarily influenced by economics, which do not appear to be in accord with reality. Two fundamental assumptions are reviewed in this paper and the validity of each is questioned. These are that the small firm owner/manager is a rational economic decision maker and must have access to financial information to properly engage in decision making activities. Alternative interpretations, associated with the purposive action assumptions of the Austrian school of economic thought, are proposed as a more appropriate foundation for the development of theories of small firm financial management.
Subjects: 
Rational
Small Firm
Financial Information
JEL: 
L25
G32
B53
Document Type: 
Article

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