Small Business Finance: A Research Agenda
指出商业金融研究长期忽视企业规模对财务行为的影响，但新实证发现风险调整后市场回报与企业规模负相关，为小企业金融研究提供了新方向。
With few exceptions, research in the area of business finance has downplayed the effect of firm size on financial behavior. This tendency has persisted in spite of a high level of interest in the area and an increased desire by colleges of business to offer students training in small business subjects. Recently, however, new empirical findings raise the possibility that size may affect financial relationships in an important way. Specifically, research has found that ex post risk-adjusted market returns vary inversely with firm size.' These findings might themselves justify an expanded research emphasis on the effect of business size on financial policy. Yet, recent advances in the theory of financial management, which are especially relevant to behavior of small compared to large firms, offer