Determinants of the capital structure of small and medium enterprises: Empirical evidence in the public works and hydraulics sector from Algeria

Autor: Ishaq Hacini, Khadra Mohammedi, Khadra Dahou
Jazyk: English<br />Spanish; Castilian
Rok vydání: 2022
Předmět:
Zdroj: Small Business International Review, Vol 6, Iss 1, p e408 (2022)
Druh dokumentu: article
ISSN: 2531-0046
DOI: 10.26784/sbir.v6i1.408
Popis: This study aims to identify the determinants of the capital structure of SMEs in Algeria during the period 2010-2018. Where a sample consists of 20 SMEs from the Public Works and Hydraulics sector. The study used financial leverage as the dependent variable and assets structure, profitability, liquidity, and size as independent variables. The study used Panel Data methods for testing the hypothesis. The results show that profitability, liquidity, and assets structure are negatively related to financial leverage, while size does not affect the financial leverage. The results indicate that SMEs in Algeria rely on their internal resources to finance their activities.
Databáze: Directory of Open Access Journals