model and produced results that are consistent with pecking order prediction. Financing behavior varies with financial …

determined as the income over the costs including systemic market costs of the capital (financing costs) and systemic market … financing and factor of cost of growth of the capital is explained. Action of financial lever of systemic effect is shown …

We examine the interaction between investment and financing policies in a dynamic model for a firm with existing assets …

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 …

maturity. We find that in the absence of financing constraints short-term debt maximizes firm value. In contrast with most … of non-negative equity net worth or debt financing constraints and firms behave more conservatively in the use of initial … financing constraints higher volatility may enhance firm value for firms with relatively low revenue that have out …