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Trade-off theory versus pecking order theory : capital structure decisions in a peripheral region of Portugal

Serrasqueiro, Zélia; Caetano, Ana - In: Journal of business economics and management 16 (2015) 2, pp. 445-466

Persistent link: https://www.econbiz.de/10011515997

Financing behaviour of Portuguese SMEs in hotel industry

Serrasqueiro, Zélia; Nunes, Paulo Maçãs - In: International journal of hospitality management 43 (2014), pp. 98-107

Persistent link: https://www.econbiz.de/10010427929

Trade-off-theory vs. pecking order theory and the determinants of corporate leverage : evidence from a panel data analysis upon French SMEs (2002 - 2010)

Adair, Philippe; Adaskou, Mohamed - In: Cogent economics & finance 3 (2015) 1, pp. 1-11

We test the assumptions of trade-off theory (TOT) and pecking order theory (POT) regarding corporate leverage. The dependent variable being the debt ratio, we apply a linear model upon a balanced panel data-set of 2,370 French SMEs over the period 2002 - 2010. In accordance to TOT, trade credit...

Persistent link: https://www.econbiz.de/10010492381

Short-term debt and long-term debt determinants in small and medium-sized hospitality firms

Nunes, Paulo Maçãs; Serrasqueiro, Zélia - In: Tourism economics : the business and finance of tourism … 23 (2017) 3, pp. 543-560

Persistent link: https://www.econbiz.de/10011702488

Capital structure determinants of hospitality sector SMEs

Pacheco, Luís; Tavares, Fernando A. de Oliveira - In: Tourism economics : the business and finance of tourism … 23 (2017) 1, pp. 113-132

Persistent link: https://www.econbiz.de/10011646288

The interaction of institutional quality and human capital in shaping the dynamics of capital structure in Viet Nam

Santarelli, Enrico; Hien Thu Tran - 2018

The aim of this paper is to find which of two theories of capital structure - trade-off theory or pecking order theory - best explains the capital structure decision of non-state firms during the post-transition process in Viet Nam. We also investigate the effect of human capital, institutional...

Persistent link: https://www.econbiz.de/10011874005

The impact of firm and industry characteristics on small firms’ capital structure

Degryse, Hans; Goeij, Peter; Kappert, Peter - In: Small Business Economics 38 (2012) 4, pp. 431-447

Persistent link: https://www.econbiz.de/10010865481

The importance of owner loans for rebalancing the capital structure of small knowledge-intensive service firms

Sardo, Filipe; Serrasqueiro, Zélia; Rocha Armada, Manuel da - In: Research in international business and finance 61 (2022), pp. 1-15

Persistent link: https://www.econbiz.de/10014246706

The firms' debt reversibility trend : an application to a large sample of industrial SMEs

Carvalho, António; Sardo, Filipe; Pacheco, Luís Dias - In: Cogent economics & finance 11 (2023) 1, pp. 1-23

The corporate debt reversibility analysis can be carried out not only from the owner/manager's active intervention perspective but also from the perspective of a mechanical reversion, independent of owner/managers' deliberations. Our study aims to discover how and which theoretical perspective...

Persistent link: https://www.econbiz.de/10014500531

How SME Uniqueness Affects Capital Structure: Evidence From A 1994–1998 Spanish Data Panel

Sogorb-Mira, Francisco - In: Small Business Economics 25 (2005) 5, pp. 447-457

The principal aim of this paper is to test how firm characteristics affect Small and Medium Enterprise (SME) capital … suggest that non-debt tax shields and profitability are both negatively related to SME leverage, while size, growth options … and asset structure influence positively SME capital structure; they also confirm a maturity matching behaviour in this …

Persistent link: https://www.econbiz.de/10005722631