transferred to debt-holders and the lower the debt utilization. To improve firm access to capital, policies should be geared …Empirical evidence suggests that capital structure varies across firms facing different levels of information asymmetry … debt capacity constraints. Against this backdrop, this study investigated the effects of financial constraints on firm …

firms within the sample adjust at the same (average) pace. Dynamic capital structure theory predicts heterogeneity in … adjustment speed due to firm-specific adjustment costs. Applying an estimator designed to be unbiased in the context of …

There is tremendous interest, in the economic literature, for the determinants of firms’ capital structure decisions. A … rich body of empirical works now exists that purports to identify firm- and country-level factors affecting firms … in small firms’ capital structure. While small firms’ leverage does seem to vary across regions, at least in countries …

, significantly affect firm growth. For this purpose, we use an unbalanced panel of about 1,000,000 observations for around 155 … also rely on firm-level survey data. In this way we are able to work out a direct measure of the firms’ probability of … explaining firm growth in four out of the five countries considered. Other firm-level variables related to the financial pressure …

of firm growth. With a special focus on small and medium-sized firms, we investigate the role of the availability of … internal and external finance. After examining the key factors influencing the decision on a company's capital structure, we … on the relationship between firm growth and its determinants, and show how the evolution of the firm size distribution …

measure firm ownership. The resultsof this paper show that the conclusions reached about the effects of ownership on …

-sized enterprises ; firm growth ; capital structure … of firm growth. With a special focus on small and medium-sized firms, we investigate the role of the availability of … internal and external finance. After examining the key factors influencing the decision on a company's capital structure, we …

, significantly affect firm growth. For this purpose, we use an unbalanced panel of about 1,000,000 observations for around 155 … also rely on firm-level survey data. In this way we are able to work out a direct measure of the firms’ probability of … explaining firm growth in four out of the five countries considered. Other firm-level variables related to the financial pressure …