What has happened to small business investment spending?

1979 ◽  
Vol 7 (3) ◽  
pp. 46-50
Author(s):  
John H. Hand
Keyword(s):  
Small Business ◽  
Business Investment ◽  
Investment Spending

Venture Funders — Are They the Solution?

1998 ◽  
Vol 12 (2) ◽  
pp. 77-83
Author(s):  
Paul M. Kelley
Keyword(s):  
Small Business ◽  
Birth Rate ◽  
Fast Track ◽  
Government Support ◽  
High Tech ◽  
Investment Company ◽  
Business Investment ◽  
The Us ◽  
Us Government ◽  
Financial Climate

The author briefly describes what venture funders do and how they do it to illuminate the process of high-tech business formation and development. By way of illumination, he gives two short histories of successful university spin-outs that his company, Zero Stage Capital, has helped launch. He then examines how this firm's knowledge and experience may apply in the context of the Scottish university and financial climate, and bearing in mind the goals of Scotland's Technology Ventures strategy. Finally, he discusses the US government support initiatives for small business, the Small Business Investment Company (SBIC) Program. He suggests an approach for its application in increasing the birth-rate of fast-track technology-based ventures in Scotland or in other countries that have the infrastructure to support and enhance the process.

scholarly journals The Miracle of Microfinance? Evidence from a Randomized Evaluation

2015 ◽  
Vol 7 (1) ◽  
pp. 22-53 ◽  
Author(s):  
Abhijit Banerjee ◽  
Esther Duflo ◽  
Rachel Glennerster ◽  
Cynthia Kinnan
Keyword(s):  
Health Education ◽  
Small Business ◽  
Durable Goods ◽  
Women’S Empowerment ◽  
Group Lending ◽  
Treatment Area ◽  
Business Investment ◽  
Percentage Point Increase ◽  
Randomized Evaluation ◽  
Point Increase

This paper reports results from the randomized evaluation of a group-lending microcredit program in Hyderabad, India. A lender worked in 52 randomly selected neighborhoods, leading to an 8.4 percentage point increase in takeup of microcredit. Small business investment and profits of preexisting businesses increased, but consumption did not significantly increase. Durable goods expenditure increased, while “temptation goods” expenditure declined. We found no significant changes in health, education, or women's empowerment. Two years later, after control areas had gained access to microcredit but households in treatment area had borrowed for longer and in larger amounts, very few significant differences persist. (JEL G21, G31, O16, O12, L25, I38)

scholarly journals An Alternative Model of Business Investment Spending

1972 ◽  
Vol 1972 (3) ◽  
pp. 547 ◽  
Author(s):  
M. Ishaq Nadiri ◽  
Franco Modigliani ◽  
R. J. Gordon
Keyword(s):  
Alternative Model ◽  
Business Investment ◽  
Investment Spending

scholarly journals Housing Assets and Small Business Investment: Exploring Links for Theory and Policy

2013 ◽  
Vol 48 (4) ◽  
pp. 744-757 ◽  
Author(s):  
Darja Reuschke ◽  
Duncan Maclennan
Keyword(s):  
Small Business ◽  
Business Investment ◽  
Housing Assets

scholarly journals The relative importance of regional institutions and external finance for small business investment: evidence from Vietnam

2020 ◽  
Vol 16 (6) ◽  
pp. 911-929
Author(s):  
Bach Nguyen
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Relative Importance ◽  
Local Institutions ◽  
Firm Investment ◽  
Business Investment ◽  
External Finance ◽  
Institutional Settings ◽  
Heterogeneous Effects ◽  
Conventional Models

AbstractThis study examines the relative importance of local institutions and external finance on small business investment. Utilising the institutional theory, we argue that local institutions and external finance have heterogeneous effects on firm investment. More importantly, they may interact and moderate each other. Analysing a set of 1.3 million observations of small businesses operating in Vietnam (2006–2016) obtained from the Annual Enterprise Survey data from the Vietnam Statistics Office, we find that local institutional settings and external finance are important determinants of firm investment. Moreover, local institutions are able to moderate the effects of external finance on firm investment. As such, this study asserts that conventional models cannot discern whether institutions or external finance are more important to firm investment. Rather, the relative importance of institutions and external finance should be investigated from the perspective of their interaction.

A NOTE ON THE BUSH TAX CUTS: DID THEY SUCCEED IN STIMULATING BUSINESS INVESTMENT?

2016 ◽  
Vol 20 (6) ◽  
pp. 1623-1639
Author(s):  
Ky-hyang Yuhn ◽  
Christopher S. Bennett
Keyword(s):  
Regression Models ◽  
Tax Incentives ◽  
Intervention Analysis ◽  
Investment Incentives ◽  
Budget Deficits ◽  
Tax Reforms ◽  
Business Investment ◽  
Relevant Variables ◽  
Investment Spending ◽  
Tax Cuts

Traditional regression models have reported conflicting results on the effectiveness of tax incentives in stimulating business investment. This study investigates the effects of the Bush tax cuts on U.S. investment using intervention analysis in conjunction with regression analysis that controls for relevant variables. Although intervention analysis has the advantage of allowing the behavior of investment to be influenced only by the time path of exogenous shocks such as tax reforms, control variables can test for the robustness of the results. We have found that the two tax reforms enacted in 2001 and 2003 had little impact on marginal investment incentives. The intervention analysis results are further reinforced by the evidence provided by alternative regression models that control for a host of variables. The failure of the tax reforms to stimulate investment spending may be attributable to several factors, such as a global savings glut, cheap global money, inappropriate designs for tax incentives, and budget deficits.

Dimensions of SBIC and Venture Capital Financing

1978 ◽  
Vol 2 (3) ◽  
pp. 16-22
Author(s):  
James M. Johnson
Keyword(s):  
Small Business ◽  
Venture Capital ◽  
Investment Behavior ◽  
Business Investment ◽  
Investment Policies ◽  
Lack Of Information ◽  
Information Gap ◽  
Key Characteristics ◽  
Capital Financing ◽  
Venture Capital Firms

Financing the small business can be both frustrating and time consuming. A large part of the problem stems from the lack of information available to the entrepreneur concerning the investment policies and objectives of potential financiers. As a step toward filling this information gap, the present study reports some key characteristics of the investment behavior of Small Business Investment Corporations and Venture Capital firms. The data provided are designed to enable the entrepreneur to determine whether such sources of funding might be profitably pursued.

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