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Capital structure choices and preferences in small, rapidly growing corporations are examined. As much of capital …, information asymmetries) a survey was designed in an attempt to gauge the relevance of several theories of capital structure. The …. Analysis of the responses indicates that tax factors and management preferences have major impacts on capital structure …
Persistent link: https://www.econbiz.de/10011310298
There is an increased interest in small companies and entrepreneurship among academicians and policy makers. The melting of the cold war and the collapse of the socialist economies of the Soviet bloc, in combination with the interest of the affected countries in imitating some form of...
Persistent link: https://www.econbiz.de/10011310292
While academic research concerning capital structure of large corporations has been abundant in the finance literature …, studies of small firms have been somewhat less common, and investigation of capital structure at origin (start-up) has been … virtually nil. In this paper we present empirical evidence concerning the start-up capital structures of small firms. We base …
Persistent link: https://www.econbiz.de/10011310325
Successful decision making in small firms requires the availability of financial information and its deployment in a variety of financial management techniques. This prescriptive dictate and the techniques and practices it advocates have developed from, and are supported by, a framework of...
Persistent link: https://www.econbiz.de/10011310301
to cases of pre-venture-capital start-up firms, along with the practical implications that would follow, efforts are made …
Persistent link: https://www.econbiz.de/10011310380
We empirically examine a sample of over 350 entrepreneurial firms that successfully receive an SBA guaranteed loan. The first portion of the paper contains descriptive statistics that lend anecdotal evidence concerning the organization type of borrowers, the incidence of collateral, the reasons...
Persistent link: https://www.econbiz.de/10011310372
The close link between the personal financial affairs of a small business owner and his or her firm has been noted in prior research. This article compares attitudes toward risk on the part of small business owners (SBOs) and non-small business owners (NSBOs). In addition, it compares the...
Persistent link: https://www.econbiz.de/10011310377
The beneficial economic effects of entrepreneurial activity can only be realised if such activity is relatively unconstrained in both product and factor markets, finance has been widely identified as a potential constraint on entrepreneurial activity due to either debt or equity gaps. However,...
Persistent link: https://www.econbiz.de/10011310345
that traditional sources of capital accounted for 65% of the firms' start-up capital and 35% of the start-up capital was … compared to traditional sources of financing when bootstrap financing comprised at least 60% of the total start-up capital. No …
Persistent link: https://www.econbiz.de/10011310368
The current article examines the issue of financing the micro-enterprises of Latvia by venture capital funds. It … considers the number of applications submitted by enterprises to venture capital funds, the number of investments and the amount … questionnaires, interviews, a survey and descriptive statistics. The research results demonstrate that venture capital is not a …
Persistent link: https://www.econbiz.de/10013026364