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Der Mittelstand wird gemeinhin als Rückgrat der deutschen Wirtschaft bezeichnet. Aufgrund der spezifischen Strukturen … Herausforderungen gestellt. Wesentliche Problemfelder stellen hier die Besteuerung, Finanzierung und Unternehmensnachfolge dar. Zu … Steueroptimierung gegeben. - Im Bereich der Finanzierung werden die erhöhten Anforderungen an das Finanzmanagement ebenso wie …
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survey. The greatest feature of this study is that, unlike previous works on traditional corporate finance, much information …
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finance on credit markets. Special emphasis is put on small and medium-sized firms as these are assumed to face more …
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This research seeks the effect of behavioural and non-behavioural factors of SME's owners and their business characteristic on the financing decisions. Moreover, this research categorized SMEs owners based on their behavioural aspects on establishing a behavioural mapping in SMEs industry. The...
Persistent link: https://www.econbiz.de/10012938808
We contribute to the financial constraints literature and the investment-cash flow sensitivity debate by defining a new and simple index of firm level financial constraints for unquoted European SMEs. Firms that are constrained according to our index pay higher interest rates on their debt. An...
Persistent link: https://www.econbiz.de/10012925010
This study tests for financial constraints on Ramp;D investment and how they differ from capital investment. To identify constraints in the access to external capital, we employ a credit rating index. Our models show that internal constraints, measured by mark-ups, are more decisive for Ramp;D...
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