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...