- Consulting Editors
- Finance of New industries
- The Returns to Entrepreneurship
- Risk Attitudes and Private Business Equity
- New Firm Financing and Performance
- New Perspectives On Entrepreneurial Capital Structure
- The Capital Structure of Family Firms
- Influence of Internal Factors on the Use of Equity-and Mezzanine-Based Financing in Family Firms
- Planning For Entrepreneurial Finance And Capital: A Critical Review Of The Importance Of Teaching Business Planning
- Funding Gaps
- Availability of Credit to Small Firms Young and Old: Evidence from the Surveys of Small Business Finances
- Asymmetric Information, Credit Market Condition, and Entrepreneurial Finance
- Alternative Types Of Entrepreneurial Finance
- Angel Investors and Their Investments
- Firm Growth, Schumpeterian Entrepreneurship, and Venture Capital
- Why Do Firms Go Public?
- Valuation Of IPOs
- Trade Credit and Its Role in Entrepreneurial Finance
- Factoring and Invoice Financing
- Project Finance
- Hedge Fund Asset-Based Lending
- Business Taxation, Corporate Finance, and Economic Performance
- Financial Capital among Minority-Owned Businesses
- Financing Women-Owned Firms: A Review Of Recent Literature
- International Differences In Entrepreneurial Finance
- Entrepreneurial Finance in Weak Institutional Environments
- Microfinance for Entrepreneurs
- The Past and Future of Innovations in Microfinance
- Index of Names
Abstract and Keywords
This article discusses the contribution of small and medium-size enterprises to the economy and the kind of financial environment they face, the notion of the finance gap faced by small business, and the type of capital structure they have. It then introduces the importance of the working capital management process and the role of cash management in achieving growth for small firms, and the way to enhance liquidity by financing accounts receivable. It provides an overview of the factoring and invoice financing market, the possible determinants that have contributed to the growth of this form of financial service to businesses, and the potential costs and benefits to the entrepreneurial firm. An analysis is then provided to evaluate whether factoring and invoice financing could be a short-term or long-term financing choice for small and medium-size enterprises.
Khaled Soufani is an associate professor of finance and director of the Desjardins Center for Innovation in Business Finance at the John Molson School of Business at Concordia University in Montreal, Canada. He has been a visiting scholar in a number of universities researching and lecturing on finance and economics. Dr. Soufani has a PhD from the University of Nottingham in the United Kingdom. He has published in the areas of the finance of small- to medium-sized enterprises, and family businesses. He is on the editorial board of a number of academic journals.
Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.
If you have purchased a print title that contains an access token, please see the token for information about how to register your code.