The Indian Micro, Small, and Medium Enterprises are the forerunners in the Indian growth story with a contribution of 29 percent to Indian GDP, 45 percent contribution to exports, and employment generation of 11.10 crores. Further, every business entity needs working capital to facilitate the...

This article tests the hypothesis that financial supply-side shifts help to explain the low-investment climate of private firms in Germany. The core contention is that a firm's financial position contributes to its access to external finance on credit markets. Special emphasis is put on small...

In this paper, we explore the link between SME investment, firm economic characteristics, and the presence of financing constraints during the post-2008 crisis recovery period in Ireland. We use novel survey data between 2016 and 2018, which disaggregates investment by asset type and allows a...

While small and medium-sized enterprises (SMEs) are important for economic growth and employment, they face numerous obstacles in accessing external finance. In this article, we review recent developments in the availability of financing for SMEs in Brazil, focusing on the greater use of equity...

This paper uses firm-level data from the Business Longitudinal Database compiled by the Australian Bureau of Statistics to examine finance-seeking behaviour and outcomes by Australian small and medium-sized enterprises (SMEs). By modelling the determinants of SME financing behaviour and outcomes...

Using the Business Longitudinal Database compiled by the Australian Bureau of Statistics, this paper investigates the effects of firm-level factors, including size, the number of employees, business strategy, and firm lifecycle, on finance seeking (both debt and equity) by Australian small and...

Using the Business Longitudinal Database compiled by the Australian Bureau of Statistics, we examine the level and determinants of agency costs in small and medium-sized enterprises (SMEs), with a particular focus on the impact of family ownership and the variation in agency costs associated...

There is continuing uncertainty about whether family firms have lower agency costs. This paper proposes that a combination of family ownership and altruism affects agency costs in family firms. To begin with, family ownership can reduce agency costs through better aligning the interests of...