This study investigates first, the determinants of the capital structure and second, the speed of adjustment of capital structure of small and medium capitalised firms in Europe before and during the sovereign debt crisis period. The sample includes 306 firms from 10 European countries...

This paper investigates the determinants of capital structure in unlisted firms in New Zealand. Hypotheses utilising pecking-order theory, trade-off theory and agency costs theory are empirically examine the effects of firm ownership structure, firm characteristics and industry on small business...