effects on German SME leverage; 4) SME policy incentives yield short-term effects on capital structures, as SMEs adjust …

and negatively correlated with the tax rate. It also predicts that firms that are farther away from their target capital …

-off theories explain the changes in capital structure of startups from inception to the later stages of development. Consistent … with the predictions of financial growth cycle theory, at the startup stage, entrepreneurs rely on initial insider capital … firms become less opaque, the proportion of business debt and trade credit financing in the total capital injection volume …

capitalists (VCs), as well-known capital structure theories from corporate finance would seem to predict in this context? Using … follows from capital structure theories after the first round of VC funding …

There is tremendous interest, in the economic literature, for the determinants of firms’ capital structure decisions. A … in small firms’ capital structure. While small firms’ leverage does seem to vary across regions, at least in countries … firms. The present paper aims to fill this gap through an empirical analysis of cross-regional variation in the capital …

The optimal capital structure is a key precondition for business, even though defining the optimal capital structure is … entities. Given the specificities of companies in the SME segment, achieving an optimal capital structure is a challenging task … as there is no model of an optimal capital structure that can be universally applied in corporate practice. For this …