WHICH ARE THE FACTORS INFLUENCING FINANCING DECISIONS IN SMEs?

In this paper I review the literature in search of the factors that influence financing decisions in SMEs. Financial theories suggest that the only goal of a company is value maximization, but empirical studies have shown that small companies’ owners can have other goals than profit maximization, this being reflected in their financing decisions. Also the personal characteristics of SMEs’ founders are relevant in establishing the companies financing strategy

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Year of publication:	2011
Authors:	NISTOR, Flavia-Diana
Published in:	Proceedings of the International Conference Investments and Economic Recovery. - Facultatea de Management. - Vol. 10.2011, 1, p. 32-36
Publisher:	Facultatea de Management
Subject:	decisions \| financing \| medium sized firms \| profit maximization \| small sized firms

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009350637