Using new data originating from a recently conducted survey, this paper examines the financing of small and medium … to the US SMEs. The young SMEs also utilize less FI debt in Finland than in the US. We also find that the financing of …

This paper investigates the empirical evidence on determinants of financing decisions on the pool of respondents among … managers perceive particular instruments of internal and external financing. We find, that firms follow pecking order theory … for working capital financing, however the arguments for pecking order theory in investment financing are not that strong …

of funding, the results show that bank borrowings are still the most important source of debt financing. However …, retention of earnings gains in importance for German SMEs in comparison to debt financing. …

Empirical studies examining the financing decisions of the firm focus exclusively on publicly held firms, not family …-controlled firms despite their economic importance. This study investigates the external financing behavior of family-controlled firms …-controlled firms, the external financing decisions of family-controlled firms are influenced by control incentives and information …

financing of farms through debt. The results show that Polish farms exhibit low target levels of debt, which they adjust …

The nature and role of early stage equity financing in the development of emerging entrepreneurial ventures in the …

to test to what degree the financing patterns were steady during the observed period (2001-2012). Specifically, in … notion in Poland. Our results show that financing patterns changed importantly during the last 20 years, which manifests …