Small businesses do not share the same financial management problems with large businesses. This paper shows that the source of the differences could be traced to several characteristics unique to small businesses. This uniqueness in turn creates a whole new set of financial management issues. The major implication is that, yes, there are new and interesting topics in small business financial management research.

JEL Codes

G32, L25, G35


Small Business, Small Business Uniqueness, Theory of Financial Management