The Role of Human and Financial Capital in the Profitability and Growth of Women-Owned Small Firms ( Journal of Small Business Management; Jul2007, Vol. 45 Issue 3, p303-319)
Susan Coleman, researcher and author of The Journal of Small Business Management, examines the relationship between human and financial capital and firm performance for women- and men-owned small firms in the retail and service industry. The findings suggest that the growth aspirations for women-owned firms may be driven by factors other than human capital or the ability to secure external capital.
Topic: Should the new administration offer incentives for investing in women-owned businesses?
Category: Academic Research
What is it? An online article from the Journal of Small Business Management accessed through the Business Search Premier Database.
Publication Information:
Journal of Small Business Management ; Jul2007, Vol. 45 Issue 3, p303-319
ISSN: 0047-2778
Accession number: 25198996
Author: Susan Coleman
Location: The article abstract can be located online here. The full article is available for purchase at the Wiley Interscience website. I accessed the full pdf article through the Business Source Premier Database
Accessed: March 2, 2009. 14:15 PST
Support:
Susan Coleman- Ansley Chair of Finance at the University of Hartford
Haber and Reichel- These two authors have published the journal article titled: “Identifying Performance Measures of Small Businesses.”
R.K. Caputo and A. Dolinsky- These two authors have published the article: “Women’s Choice to Pursue Self-Employment.”
Susan Coleman examines the suggestions of the findings that socioeconomic researchers have provided within the past two decades. She applies the data from previous research to make assertions concerning the comparison between men-and women-owned businesses in the service and retail industries.
Audience and Agenda: The Journal of Small Business Management is published by the Wiley-Blackwell Publishing Inc. As the official journal of the International Council for Small Business (ICSB), the JSBM is recognized as a primary instrument for projecting and supporting the goals and objectives of this organization, which include scholarly research and the free exchange of ideas. According to Ulrichsweb.com, the circulation of the journal is 3500 unspecified. The primary avenues of funding come from advertising and subscriptions.
Usefulness: The article makes a strong argument for the government to offer incentives for investing in women-owned businesses through the comparison between the profitability measures of men- and women-owned small firms. The article cites studies which have shown that women-owned firms were more likely to fail, and had lower levels of sales, profits and employment. This is largely due to the financing difficulties female entrepreneurs have reported in the past two decades. Although commercial banks are typically a major source for financing for small firms, in 1993 only 32% of women-owned firms used them, while more than 35% simply used credit cards as a source of financing. Overall, the shortage of financial capital is a major barrier to the success of small businesses. In order for new firms founded by women to succeed, a stable source of initial capital must exist.
Works Cited:
http://www3.interscience.wiley.com/journal/118519646/abstract?CRETRY=1&SRETRY=0
http://www.wiley.com/bw/journal.asp?ref=0047-2778
http://www.ulrichsweb.com/ulrichsweb/
http://uhaweb.hartford.edu/scoleman/
Filed under: Academic Research Sources, Source Notes
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