Mendes, Silvia; Serrasqueiro, Zélia; Maçãs Nunes, Paulo - In: BRQ Business Research Quarterly 17 (2014) 4, pp. 279-291
Considering two samples of Portuguese SMEs: 582 young SMEs and 1654 old SMEs, using the two-step estimation method and … the investment of young SMEs with high levels of investment. Sales, as the investment determinant of Neoclassical Theory …. However, cash flow has greater impact on the investment of young SMEs with low levels of investment. The empirical evidence …