Foundation evidence of the relationship between entrepreneurs, financial issues and financial advisers

In this study financial advisers’ relative influence on entrepreneurs’ decisions have been investigated. Financial advisers are advisers, included in entrepreneurs’ discussion networks, with whom entrepreneurs discuss financial issues. The concept of financial adviser includes a range of different people with different functions, irrespective of whether these people provide the entrepreneur with finance or not. It may include people such as venture capitalists, business angels, bankers, accountants, advocates or management advisers. Based on follow-up surveys completed in relation to the Danish participation in Global Entrepreneurship Monitor (GEM), it was found that financial advisers only play a minor role in the two early phases of the entrepreneurial process before the venture is actually started. Entrepreneurs might have relationships with financial advisers in these stages, but only few of them are included in the discussion network. It was further revealed that the ties between financial advisers and entrepreneurs often are weaker than the ties entrepreneurs have with others in their discussion network. Two practical implications for financial advisers emerged from the study. First, they need to re-consider their role in the early phases of the entrepreneurial process in order to increase their influence and benefit from the co-operation. Second, they need to find a way to create a closer relationship with the entrepreneurs they advise.

A study on small business enterprises in Bangladesh : searching for growth factors and obstacles

Small businesses are the heart of the market-based economy with their business operations in rural and urban areas of developed and developing countries. In Bangladesh, small business enterprises are playing a significant role by contributing to the production and services, employmnet and thereby to GDP. But these are found to face servere competition and different types of constraints. As a result, these have not achieved substantial growth. In view of this, the present study is primarily aimed at identifying factors and obstacles that influence the growth of SBEs. Finally, the paper suggests some policy measures which are expected to excel the growth of SBEs.

The ‘great unwatched’ and the ‘lightly touched’: surveillance and stock market fraud

This chapter examines financial corporate crime, specifically the discontinuitiesand asymmetries in power that condition the differential uses of surveillance andsurveillance technologies in the governance of stock market fraud. It studiesstate and non-state control ('rule at a distance') (Rose and Miller 1992), theresistance practiced by the powerful economic actors who make up national andinternational equity trading markets, and the control efforts of regulatory agenciescharged with preventing, regulating and enforcing laws to counter stockmarket crime. At a theoretical level the study critiques the claims of surveillanceliteratures that technologically mediated surveillance, 'the new transparency',renders all social fields visible, and therefore knowable, manageable and governable(Haggerty and Ericson 2000), by documenting and interrogating how codeis used by powerful bankers, lawyers, accountants and stock brokers to construct'visibility covers' (Williams 2008: 1; Snider 2009; Braithwaite 2005).