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The existing finance literature is inadequate with respect to its coverage of the debt structure of small and medi-um sized enterprises (SMEs). In addition, the role of trust in accessing finance for such enterprises is under-investigated. This paper presents a mathematical model for optimizing...
Persistent link: https://www.econbiz.de/10010345097
The research in small firms financing is characterized by a lack of a theoretical framework. One basic assumption in this study is that agency theory can provide an essential framework to explain the interaction between informal and formal venture capitalists and their portfolio firms. Five...
Persistent link: https://www.econbiz.de/10011310320
The research in small firms financing is characterized by a lack of a theoretical framework. One basic assumption in this study is that agency theory can provide an essential framework to explain the interaction between informal and formal venture capitalists and their portfolio firms. Five...
Persistent link: https://www.econbiz.de/10010790718
The objective of this paper is to offer an answer to the question : why do some entrepreneurs wish to own another firm in the future after having closed an unsuccessful one? We first show this question is relevant because making use of a sample of entrepreneurs in the UK who have experienced a...
Persistent link: https://www.econbiz.de/10005583098
internal and external finance. After examining the key factors influencing the decision on a company's capital structure, we …-sized enterprises ; firm growth ; capital structure …
Persistent link: https://www.econbiz.de/10008904618
This paper investigates whether financial obstacles, and, more generally, financial pressure faced by firms, significantly affect firm growth. For this purpose, we use an unbalanced panel of about 1,000,000 observations for around 155,000 non-financial corporations in five euro area countries....
Persistent link: https://www.econbiz.de/10003826608
This paper investigates the determinants of capital structure and use of financing for small and medium sized … of capital structure and financing. For asset structure the direction of the influence is reliant upon the capital …
Persistent link: https://www.econbiz.de/10013134704
The article analyzes the factors determining the capital structure of the Spanish small and medium enterprises [SMEs …
Persistent link: https://www.econbiz.de/10010765325
This article examines theories of capital structure pertaining to small firms and looks at the capital structure of … findings of prior research, these results revealed that industry sector was not a significant determinant of capital structure …. Rather, these findings show that capital structure in small to mid-sized firms is determined by measures of firm size, firm …
Persistent link: https://www.econbiz.de/10010765343
borrowers, consistent with the Pecking-Order Theory of capital structure. Discouraged borrowers resemble denied borrowers in …
Persistent link: https://www.econbiz.de/10008615019