Search results for " capital structure"

showing 3 items of 3 documents

Pecking Order Versus Trade-off: An Empirical Approach to the Small and Medium Enterprise Capital Structure

2003

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. Panel data methodology is used to test the empirical hypotheses over a sample of 6482 Spanish SMEs during the five-year period 1994?1998. The results suggest that both theoretical approaches contribute to explain capital structure in SMEs. However, while we find evidence that SMEs attempt to achieve a target or optimum leverage (trade-off model), there is less support for the view that SMEs adjust their leverage level to their financing requirements (pecking order model). En este trabajo, exploramos dos de las teorías má…

FinanceCapital structurebusiness.industryPecking orderjel:C34Sample (statistics)Trade-offjel:G32jel:G33MicroeconomicsLeverage (negotiation)Pecking order theoryEconomicsSmall and medium-sized enterprisesbusinessselección jerárquica equilibrio estático estructura de capital pymes datos de panel. Pecking Order Trade-off Capital Structure Small and Medium Enterprises Panel Data.Panel dataSSRN Electronic Journal
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New Challenges of Economic and Business Development – 2012 : Conference Proceedings (May 10 - 12, 2012, Riga, University of Latvia)

2012

Support for Conference Proceedings by ERAF Project "Support for the international cooperation projects and other international cooperation activities in research and technology at the University of Latvia" No. 2010/0202/2DP/2.1.1.2.0/10/APIA/VIAA/013

Market efficiencyInternational franchisingTriple Helix modelOptimal capital structureLogisticsGDPTeam PerformanceManagement theoryTourismAirline industryStakeholdersInsurance marketsNew Product DevelopmentRisksHuman capitalMunicipality budgetMarketingDevelopment economicsResearch policyCost-benefit analysisBusiness groupsOrganizational developmentMergers and acquisitionsInternational rating agencyCompliance Management SystemsRegional integrationKnowledge sharingFinancial scienceWell-beingBargain purchaseTax wedgeFinancial managementEducationEmployee selectionMonetary policyCorporate cultureHigher educationCitizen participationInnovationMotivationOnline surveysManagement educationEmployer BrandingBrand imageFinancial analysisInternal auditPrint advertisement assessmentICT:SOCIAL SCIENCES::Business and economics [Research Subject Categories]Environmental management accountingFinancial system stabilityEmployee satisfactionBanking sectorSocial MediaPension system
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Financial health and partner attractiveness in the market for inter-firm collaboration

2014

alliances capital structure partner selection
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