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calculation of the Pearson correlation coefficient. A quantitative methodology is applied, of explanatory type, which seeks to … topics to carry out the same process, but by economic sectors and / or by company size. …
Persistent link: https://www.econbiz.de/10012260066
We analyze the link between firms’ access to finance and their decisions to enter and exit the export market. We employ the Business Environment and Enterprise Performance Survey (BEEPS) conducted in 2005 and 2008-2009 to 28 countries in Eastern Europe and Central Asia. We find that more...
Persistent link: https://www.econbiz.de/10003986999
essence is the same; the financial structure represents the proportions in which a company resorts to the activity financing …The basic objective of the financial function of the company is the continuous increase of the company’s value, so that … of the company is one of the most important problems of the financial management. It represents the support of the …
Persistent link: https://www.econbiz.de/10011257900
equity investors. This type of financing might be of great interest to family firms, as the family firm owner is able to …
Persistent link: https://www.econbiz.de/10010305713
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...
Persistent link: https://www.econbiz.de/10011310325
This paper examines the characteristics of UK small firm bank finance and the causes of the frequently strained relationship between small firms and banks in the UK. Debt, credit rationing, and call option problems under the UK system are examined. The bank’s solutions including the...
Persistent link: https://www.econbiz.de/10011310351
This paper attempts to extend the Certification Paradigm--mainly used in the literature as an explanation for IPO underpricings--to provide guidelines to entrepreneurs in their efforts to secure funding for new ventures. After extending the model to cases of pre-venture-capital start-up firms,...
Persistent link: https://www.econbiz.de/10011310380
of funding, the results show that bank borrowings are still the most important source of debt financing. However …, retention of earnings gains in importance for German SMEs in comparison to debt financing. …
Persistent link: https://www.econbiz.de/10011420347
In this study we examine how Specified Purpose Acquisition Companies (SPACs) were used as a financing tool for … that financing motives were more important than public listing motives …
Persistent link: https://www.econbiz.de/10010327773
In our article we present the use of hybrid securities in the privatization process. We show that exchangeable bonds may be successfully applied during privatization of state companies throughout the world. It may be profitable for many reasons. Firstly, the exchangeables offer a much lower...
Persistent link: https://www.econbiz.de/10011551411