Dividend policy and capital structure have been seen as the key financing decisions affecting the firm at least since … the time of Modigliani and Miller (1958, 1961, 1963). In recent years, ownership structure has come to be seen as of equal … importance, both affecting, and being affected by, the other two variables. This study looks at the financing structure of a …

initial operating capital, and to employ approximately 13 people on a full- or part-time basis. The cooperative's annual net …

consideration of firm characteristics shows that the magnitude of spillover effects depends on size, ownership structure, and …