This study uses firm level survey data to assess whether the capital structure theory is portable to small firms in developing countries and whether country characteristics play a role in their financing decisions. Using a sample of both small companies and large firms from 24 developing...

This paper explores the importance of supply of capital for corporate financing. To identify this relation, we examine the impact of two exogenous events, entry to the EU and the adoption of Euro, which caused shifts in equity and credit markets during European integration. Following membership...