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Capital Structure Policies SMEs

By Alexander Lehner

Product Image: Capital Structure Policies SMEs

Capital Structure Policies SMEs

By Alexander Lehner

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Description
This book investigates the empirical evidence on capital structure decisions of European small and medium-sized enterprises (SME). More than 100 firms had been surveyed on financial instruments, determinants of financing decisions and the differences in the use of those instruments and determinants when doing business in developing countries. The theoretical section provides an overview of the Pecking Order as well as the Trade-off Theory. Furthermore, cross country determinants of capital structure and existing empirical evidence from other studies are examined. The survey shows that more than half of the respondents follow some kind of target debt level and that slightly less than half follow some kind of financing pecking order. A fair amount of support for the Pecking Order Theory as well as for the Trade-off Theory had been found.
Product details
Binding:
Paperback
Number of Pages:
72
Release Date:
2017-02-09
Publication Date:
2017-02-09
Publisher:
AV Akademikerverlag
Languages:
Original: English
ISBN10:
3639634926
ISBN13:
9783639634921
Weight:
125 g
Height:
150 cm
Width:
220 cm
Thickness:
5 cm

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Very good
Almost no signs of wear. Book pages have no markings, accessories are intact and all other media are in good condition.
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