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This paper analyses the capital structure of 100 Irish technology oriented small companies and in particular looks at the impact financing options have on a variety of key topics. We examine key variables and their impact on the source of finance used by tech SMES The importance of internal...
Persistent link: https://www.econbiz.de/10012963928
The purpose of this study is to investigate empirically the impact of capital structure on firm performance. This study examined the impact of capital structure on firm performance of manufacturing sector SMEs in UK for the period of 1998-2008. The authors hypothesize that there is a negative...
Persistent link: https://www.econbiz.de/10012985985
This paper reviews the evidence on financing technology-based small firms (TBSFs) in Europe. The main findings in the …
Persistent link: https://www.econbiz.de/10008729547
relationship is particularly strong in southern Europe (Italy and Spain), where financial frictions are larger and the use of …
Persistent link: https://www.econbiz.de/10012984484
We use a dynamic framework and panel methodology to investigate the determinants of a firms' time-varying capital structure. Our sample comprises 706 European firms from France, Germany, Italy and the U.K. over the period from 1983 to 2002. If capital structure adjustment is costly, firms may...
Persistent link: https://www.econbiz.de/10003666867
This paper studies the influence of the private benefits of control on the capital structure and the growth of private companies. It is argued that companies in which existing owners would lose more control if they expanded, have smaller equity increases, are more highly levered and grow more...
Persistent link: https://www.econbiz.de/10010297463
This paper studies the influence of the benefits of control on the capital structure and the growth of private companies for a sample of 8,964 UK companies with limited liability observed for up to 5 years. It is hypothesised that companies in which existing owners would lose more control if...
Persistent link: https://www.econbiz.de/10010297810
This paper incorporates the cost of adjustment between observed and optimal leverage in explaining the variation in firm?s equity or bank-debt financing investments. Using a dynamic adjustment approach identifies the determinants to capital structure between different financial systems. In...
Persistent link: https://www.econbiz.de/10010298124
We use a dynamic framework and panel methodology to investigate the determinants of a firms' time-varying capital structure. Our sample comprises 706 European firms from France, Germany, Italy and the U.K. over the period from 1983 to 2002. If capital structure adjustment is costly, firms may...
Persistent link: https://www.econbiz.de/10011390623
The level of UK corporate debt directly affects financial stability in the United Kingdom because a significant amount of the exposure of the UK financial system is to UK corporates. Our paper provides a comparison of the determinants of corporate debt in the United States, the United Kingdom,...
Persistent link: https://www.econbiz.de/10014052546