ABSTRACT
This chapter provides a further link between established evidence and the developments that flow from it, as developed in Chapters 6-18. This link is achieved in three ways. First, it utilises primary source data on Scottish small firms. Second, its focus is on the long-lived small firm, that is to say the small firm in a mature phase, long-distant from its start-up and early growth phase. This is a theme that will be returned to in Chapter 18. Third, it develops a theory of the financially endowed small firm. Specifically, it models and tests a financially constrained small firm (cf. Jefferson, 1997).
