Jindrichovska, Irena; Ugurlu, Erginbay; Kubickova, Dana - In: Ekonomika a managment 2013 (2013) 3, pp. 6-26
In this paper, we explore two of the most relevant theories that explain financial policy in small and medium enterprises (SMEs): pecking order theory and trade-off theory. The theoretical section provides an overview of contemporary theories of capital structure. According to the pecking order...