Economies of scale and the demand for money
Cross-sectional data from four Surveys of Small Business Finance demonstrate that economies of scale in money holding exist, that these economies appear to be increasing over time, and that the magnitudes are greater than those estimated for large US corporations. Firms not practising several specif...
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Veröffentlicht in: | Small business economics 2010-10, Vol.35 (3), p.283-298 |
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description | Cross-sectional data from four Surveys of Small Business Finance demonstrate that economies of scale in money holding exist, that these economies appear to be increasing over time, and that the magnitudes are greater than those estimated for large US corporations. Firms not practising several specific cash management techniques and firms facing constraints in the credit market hold lower money balances. Minority-owned firms exhibit economies of scale similar to the overall sample but cash management practices and credit constraint variables generally do not influence their money holding behavior. Scale economies vary widely across industries but overall means are relatively stable over time. |
doi_str_mv | 10.1007/s11187-008-9161-7 |
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Firms not practising several specific cash management techniques and firms facing constraints in the credit market hold lower money balances. Minority-owned firms exhibit economies of scale similar to the overall sample but cash management practices and credit constraint variables generally do not influence their money holding behavior. Scale economies vary widely across industries but overall means are relatively stable over time.</description><subject>Business and Management</subject><subject>Business management</subject><subject>Business structures</subject><subject>Cash</subject><subject>Cash management</subject><subject>Coefficients</subject><subject>Commercial credit</subject><subject>Credit</subject><subject>Credit market</subject><subject>Demand for money</subject><subject>Economic growth</subject><subject>Economies of scale</subject><subject>Elasticity</subject><subject>Entrepreneurship</subject><subject>Estimation</subject><subject>Financial management</subject><subject>GDP</subject><subject>Gross Domestic Product</subject><subject>Industrial Organization</subject><subject>Industry</subject><subject>Management</subject><subject>Microeconomics</subject><subject>Money</subject><subject>Money demand</subject><subject>Small and medium sized enterprises</subject><subject>Small business</subject><subject>Small businesses</subject><subject>Stock exchanges</subject><subject>Studies</subject><subject>U.S.A</subject><issn>0921-898X</issn><issn>1573-0913</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2010</creationdate><recordtype>article</recordtype><sourceid>BENPR</sourceid><recordid>eNp9kE1LxDAQhoMouK7-AA9C8eJBopmk-TrKsn7AghcFb6FNE92lbdake9h_b0pFwYOnGZjnmRlehM6B3AAh8jYBgJKYEIU1CMDyAM2AS4aJBnaIZkRTwEqrt2N0ktKGkNEiM3S9tKEP3dqlIvgi2ap1RdU3xfDhisZ1Y-tDLLrQu_0pOvJVm9zZd52j1_vly-IRr54fnhZ3K2xLRgdshdbc1qLWjEnqy7L2Mk-UkFa52ldN_ksLxoBxWtaCSe-dILxUzOpGUc_m6Grau43hc-fSYLp1sq5tq96FXTKSa06BCMjk5R9yE3axz89lCDhVhKsMwQTZGFKKzpttXHdV3BsgZozBTOGZHJ4ZwzMyO3RyUmb7dxd_F_8nXUzSJg0h_lwpiSKUC86-AH4LeHs</recordid><startdate>20101001</startdate><enddate>20101001</enddate><creator>Natke, Paul A.</creator><creator>Falls, Gregory A.</creator><general>Springer</general><general>Springer US</general><general>Springer Nature B.V</general><scope>AAYXX</scope><scope>CITATION</scope><scope>0U~</scope><scope>1-H</scope><scope>3V.</scope><scope>7WY</scope><scope>7WZ</scope><scope>7X5</scope><scope>7XB</scope><scope>87Z</scope><scope>8A3</scope><scope>8AO</scope><scope>8BJ</scope><scope>8FK</scope><scope>8FL</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FQK</scope><scope>FRNLG</scope><scope>F~G</scope><scope>JBE</scope><scope>K60</scope><scope>K6~</scope><scope>L.-</scope><scope>L.0</scope><scope>M0C</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>Q9U</scope></search><sort><creationdate>20101001</creationdate><title>Economies of scale and the demand for money</title><author>Natke, Paul A. ; 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source | Jstor Complete Legacy; Springer Nature - Complete Springer Journals; Business Source Complete (EBSCO) |
subjects | Business and Management Business management Business structures Cash Cash management Coefficients Commercial credit Credit Credit market Demand for money Economic growth Economies of scale Elasticity Entrepreneurship Estimation Financial management GDP Gross Domestic Product Industrial Organization Industry Management Microeconomics Money Money demand Small and medium sized enterprises Small business Small businesses Stock exchanges Studies U.S.A |
title | Economies of scale and the demand for money |
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