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pro vyhledávání: '"Cristina Aybar-Arias"'
Publikováno v:
Small Business Economics. 39:977-996
The aim of this paper is to analyse the speed of adjustment of small and medium-sized enterprises (SMEs) to the target leverage. By applying a system GMM technique to Spanish panel data collected during the period 1995–2005, we estimate a partial a
Publikováno v:
Small Business Economics. 14:55-63
This paper shows how the financial behaviour of small and medium sized companies is influenced by size and business sector. This idea underlies two research approaches to capital structure: (i) credit rationing, and (ii) the pecking order theory. Bot
Publikováno v:
SSRN Electronic Journal.
We provide an empirical examination of the pecking order theory on capital structure in the field of Small and Medium Enterprises (SMEs). We mainly investigate if the results are sensitive to different definitions commonly used for these types of com