This paper analyzes the capital structure decision of non-listed bank-financed firms using a rich and unique new data set of Portuguese firms. These firms are rarely studied in capital structure contexts and differ from large listed firms in terms of agency and asymmetric information problems...

This paper analyzes the impact of marginal tax rates on the capital structure decision of private bank-financed firms. These firms are rarely studied in capital structure contexts and differ from large listed firms in terms of agency and asymmetric information problems and funding sources. It is...

A tanulmány célja magyar és portugál vállalatok tőkestruktúra-döntéseinek elemzése és összehasonlítása. A munka alapját Booth et al, (2001) cikke képezi, melyben a szerzők bizonyítják, hogy a fejlődő és fejlett országokban a tőkestruktúra-döntéseket ugyanazon...

The main sources of financing for small and medium sized enterprises (SMEs) are equity (internally generated cash), trade credit paid on time, long and short term bank credits, delayed payment on trade credit and other debt. The marginal costs of each financing instrument are driven by...