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importance of SMEs for national economies will be shown. After that the financing of SMEs in selected countries will be analysed … European Union member states, the study has focused on Austria, France, Germany, Poland and the United Kingdom. -- SME …
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sample of non-financial corporations (around 120,000 firms) in six euro area countries (Belgium, Germany, France, Italy, the …
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The Organisation for Economic Co-Operation and Development (OECD) recently proposed an interest barrier to fight tax base erosion and profit shifting (BEPS). We use the introduction of such an interest deductibility restriction in Germany as a quasi-experiment and find significant corporate...
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We test the assumptions of trade-off theory (TOT) and pecking order theory (POT) regarding corporate leverage. The dependent variable being the debt ratio, we apply a linear model upon a balanced panel data-set of 2,370 French SMEs over the period 2002 - 2010. In accordance to TOT, trade credit...
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