This paper examines the financing structure of small and medium-sized enterprises (SMEs) in Germany and questions … whether an equity gap - or, more generally, a financing gap -exists. Reviewing the literature and available data sources, we … find that financing constraints seem to affect, if at all, only a very small subgroup among highly growth-oriented firms …

of financing sources may be limited by the supply-side financial endowment of the region. Small firms are known to be …

dividend payout ratio are significant determinants of the financing decisions of Austrian firms. Legal status, listing and …