Many different variables have been used to measure the firm's growth. Employment and sales are the two most used criteria within the literature on growth determinants. Most of the time, researchers do not provide any theoretical justification for using one or the other criterion and appear to...

This article analyses, on the basis of a field study, the role of banks in financing medium enterprises in Belgium. It shows that, like small firms, medium-sized businesses have a preference for self-financing. As far as external funding is concerned, debt is generally their main source. How...