NATIONAL INSTITUTE FOR
MANUFACTURING MANAGEMENT
Allan Riding
Fellows
2004
Professor of Finance Organisation,
Eric Sprott School of Business, Carleton University Country: Canada
B. Eng. McGill University Metallurgical Engineering 1969
M. Eng. McGill University Metallurgical Engineering 1971
M.B.A. Concordia University Management 1973
Ph. D. McGill University Finance 1983
A detailed CV of Allan Riding (RTF document, 9 pages)
Professor Allan Riding is the first Smartlink Fellow for 2004, and is brought to Adelaide with the support of the National Australia Bank.
Three presentations made during Allan Riding's March 2004 visit to Australia:
Angel Investments and Growing Firms
These are Powerpoint Shows, with around 50 slides in each. If you do not have Powerpoint, you can download the free Powerpoint Viewer to see these online.
Session title and format
Small Business Financing: Canadian Experiences with Mobilizing Capital for SMEs
Conference presentation: Half-day Workshop
Topic Summary
Job-creating growth and survival of SMEs depends critically on availability of financial capital. Canada, like many governments, has sought to facilitate access to financing for SMEs. This presentation describes ways in which the Canadian government has done so with respect to debt (loan guarantee program) and equity (angel financing, venture capital formation, stock markets for early-stage firms). The presentation reports on the effectiveness of, and challenges associated with, each initiative. Several of the programs have been highly, perhaps too, successful. Others provide useful learning for future endeavours.
Expected Outcomes. At the completion of the session, participants should be able to:
1. Gain a better sense of the need for, and success of, various means of facilitating access to financial capital for small firms.
2. Further their understanding of the roles of various forms of financial capital in the growth and survival of SMEs.
3. Use some of the Canadian experiences to help further inform current debates and initiatives.
Potential Target Audience: This session would mainly appeal to: Managers in micro and small enterprises Managers in medium and larger enterprises Policy makers YES Coaches, client managers or sector managers supporting business development YES Consultants Academics YES
The experience level of the audience:
New to industry (or policy development); ie two years or less YES
Experienced (two to five years in there area of activity) YES
Very experienced (more than five years) YES
Books
Beyond the Banks: Creative Financing for Canadian Small Business Owners, (with B.J. Orser) John Wiley and Sons, Toronto, 1997, 287 pages. A comprehensive review of research and practice concerning non-bank financing to small firms.
Financing Prosperity: Issues and Cases in Small Business (with B.J. Orser, W. Good, and C. Mossman), (Canadian Bankers Association, Toronto, 1994). Prepared under the auspices of the Canadian Bankers Association, an education resource that provides cases, instructors’ guides, and support material, including spreadsheets and videos, on financial issues that confront small firms.
Principles of Financial Management, Canadian Edition, with V. M. Jog, H. Levy, M. Sarnatt, Prentice Hall, 1990, 653 pg.
Recent Conference Presentations
“Managing High Technology SMEs to Obtain Institutional Venture Capital: A Role for Angels,” Babson-Kauffman Entrepreneurship Research Conference, Boulder CO, 2002, with Judith J. Madill, George Haines Jr., Barbara J. Orser.
“Growth History, Knowledge Intensity and Capital Structure in Small Firms". Entrepreneurship Division, Academy of Management, 2002 (with S. Thornhill and G. Gellatly).
Informal Investment In Canada: Providing Financing For Small Business Growth, Administrative Sciences Association of Canada, Winnipeg, 2002, (with George H. Haines Jr., Judith J. Madill).
Capital Pool Companies as a Means of Early-Stage Equity Financing, Babson-Kauffman Entrepreneurship Research Conference, Boulder, Colorado 2002 (with G. Haines and An Nee Loo).
The Need for Gender-based Small Business Programs: What Does the Evidence Say? Babson-Kauffman Entrepreneurship Research Conference, Boulder, Colorado 2002 (with Barbara J Orser, Judith J. Madill).
“Networks and Linkages in Regional Technology Clusters: The Case of Ottawa”, Babson-Kauffman Entrepreneurship Research Conference, Jonkoping, Sweden 2001 (with G. Haines and J. Madill).
Recent Professional Presentations
Invited Speaker, National Research Program on Financial Services and Public Policy, “Research Issues in the Financing of New Technology-Based Firms”, 2002
Invited Speaker, Government of Ontario Business Climate Deputies Committee (Inter-Ministerial Committee comprising Deputy Ministers from 19 ministries that relate to the Ontario Business climate), 2002
Invited Speaker, Government of Ontario Cluster Secretariat (Inter-Ministerial Committee on Industry Clusters), 2001
Key areas of research for possible collaboration: Small Business Finance