The subject of the capital structure decision of firms has been thoroughly studied both theoretically and empirically. This paper adds to the existing literature by examining a number of hypotheses relating to the capital structure decision in relation to the firms' size, namely by...

This paper examines the existence of a linear or nonlinear interaction between the Advance/Decline ratio index and the returns of the Athens General Index. We investigate the possibility of a nonlinear causality mechanism through which the Advance/Decline ratio index (the ratio of the number of...

One of the most enduring debates in economics is whether financial development causes in a linear or nonlinear manner, economic growth or whether it is a consequence of increased economic activity. Little research into this question has been done for the case of Greece especially in a nonlinear...

Greece is still caught in a prolonged recession, which started in 2008. As a result, the economy continues to shrink, which has direct repercussions on the level of private and public consumption as well as on the level government's functions. The present paper attempts to record and depict...

Research Question - This study examines whether bankruptcy prediction models work well during recessionary periods, on an advanced economy, and how their results can be improved, via a methodological approach to change the coefficients of their variables. Motivation - This is the first study to...

Purpose: The main objective of this paper is to suggest an integrated approach of assessing the level of financial literacy of MSMEs, combining quantitative data derived by the use of the OECD/INFE (2019) questionnaire, and qualitative data via designing focus groups to discuss the survey...

Using a unique database of survey respondents on crowdinvesting, we explore users' perceptions of motivations and risks of crowdfunding with financial returns (equity crowdfunding and p2p lending). Specifically, our sample consists of respondents on a crowdinvesting survey from Germany, Spain...

In this paper I investigate the level of access of the opaque micro and small firms to finance. The objective of the paper is threefold: first to analyze how small and micro firms finance themselves, second to investigate what their financing preferences are and third to explore their opinions...

The main objective of this paper is to analyze whether deviations from the target capital structure affect firms' decisions to become acquirers. The analysis is conducted in two stages. In the first stage we estimate the target leverage ratio considering the main determinants of capital...

The purpose of this paper is to show that different methodologies may lead to different implications about the validity of the pecking order theory. Using data from Greek firms as a starting-point, the paper first investigates whether they follow the financing pattern implied by the pecking...