Wieczorek-Kosmala, Monika; Błach, Joanna; Trzęsiok, Joanna - In: Journal of business economics and management 21 (2020) 6, pp. 1543-1560
This paper contributes to the academic debate on the pecking order theory and SMEs equity financing, in this equity … is to investigate whether the relevance of equity financing for European SMEs is driven by the country … relevance of internal funds or external equity, with respect to SMEs performance and characteristics. For that purposes the SAFE …