Purpose – The purpose of this study is to examine the relationship between agency factors and the debt level of Ghanaian small and medium enterprises (SMEs). Design/methodology/approach – Generalized least squares model is used to estimate the regression equation. Findings – The results...

Purpose – This study seeks to examine the effect of industry classification on the capital structure of SMEs in Ghana. Design/methodology/approach – The analytical technique employed is regression framework with various capital structure measures as dependent variables, and with industry as...

Purpose – The purpose of this paper is to investigate the effects of investment opportunities and corporate finance on dividend payout policy. Design/methodology/approach – This issue is tested with a sample of 34 emerging market countries covering a 17‐year period, 1990‐2006. Fixed...