How SME Uniqueness Affects Capital Structure: Evidence from a 1994-1998 Spanish Data Panel
The principal aim of this paper is to test how firm characteristics affect Small and Medium Enterprise (SME) capital structure. We carry out an empirical analysis of panel data of 6482 non-financial Spanish SMEs during the five years period 1994-1998, modelling the leverage ratio as a function of fi...
| Veröffentlicht in: | Small Business Economics. - Springer Science + Business Media. - 25(2005), 5, Seite 447-457 |
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| Format: | Online-Aufsatz |
| Sprache: | English |
| Veröffentlicht: |
2005
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| Zugriff auf das übergeordnete Werk: | Small Business Economics |
| Schlagworte: | capital structure financing panel data pecking order theory SME trade-off theory C23 G32 G33 Business mehr... |
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