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Persistent link: https://www.econbiz.de/10009685977
Small and medium-sized enterprises are a centrepiece of Europe's economy. Due to their limited size and their generally …, a conference on "Financing SMEs in Europe" was jointly organised by SUERF and the Banque de France on 11 and 12 …
Persistent link: https://www.econbiz.de/10011705468
present some facts on the situation of SMEs in Europe and especially Hungary, in order to see what type of governmental …
Persistent link: https://www.econbiz.de/10008904618
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
The objective of this paper was to explore whether and how the main capital structure determinants of SMEs affected capital structure determination in different ways during the years of economic crisis. We used panel data of 8,052 SMEs operating in Greece during 2009-2012. We found that the...
Persistent link: https://www.econbiz.de/10011450554
The aim of this study is to analyse the impact of corporate financial structure on a firm's export propensity, especially that of small and medium-sized enterprises (SMEs). The paper contributes to the literature concerned with the relationship between exports and financial constraints from the...
Persistent link: https://www.econbiz.de/10011451851
This paper analyses the role that institutional factors play in explaining differences in the capital structure of small and medium-sized enterprises (SMEs) across regions belonging to a single country. Specifically, it studies the effect of the development of the financial sector and of the...
Persistent link: https://www.econbiz.de/10011565931
entities. Given the specificities of companies in the SME segment, achieving an optimal capital structure is a challenging task … reason, we decided to realize our research. The main aim of the paper is to identify determinants of the SME's capital … consist of all SME in the Czech Republic. We applied ordinal logistic regression and estimated five models. These models were …
Persistent link: https://www.econbiz.de/10012174898
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
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’ financing patterns. In addition, more recently, a new...
Persistent link: https://www.econbiz.de/10011964118