A simple single-period model of entrepreneurial capital structure choice under conditions of informational asymmetry is … to reduce the amount of effort he exerts. However, by astute choice of capital structure, the entrepreneur can mitigate …. This explains the predominance of debt in the capital structures of small firms. …

Capital structure choices and preferences in small, rapidly growing corporations are examined. As much of capital …, information asymmetries) a survey was designed in an attempt to gauge the relevance of several theories of capital structure. The …. Analysis of the responses indicates that tax factors and management preferences have major impacts on capital structure …

Capital structure choices and preferences in small, rapidly growing corporations are examined. As much of capital …, information asymmetries) a survey was designed in an attempt to gauge the relevance of several theories of capital structure. The …. Analysis of the responses indicates that tax factors and management preferences have major impacts on capital structure …

While academic research concerning capital structure of large corporations has been abundant in the finance literature …, studies of small firms have been somewhat less common, and investigation of capital structure at origin (start-up) has been … virtually nil. In this paper we present empirical evidence concerning the start-up capital structures of small firms. We base …

While academic research concerning capital structure of large corporations has been abundant in the finance literature …, studies of small firms have been somewhat less common, and investigation of capital structure at origin (start-up) has been … virtually nil. In this paper we present empirical evidence concerning the start-up capital structures of small firms. We base …