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performance levels. The capital structure of Austrian SMEs are biased towards debt-financing and stronger equity, growth and …
Persistent link: https://www.econbiz.de/10012203255
One of the major issues for SME development has been access to finance. This paper examines the current state of SME development and financing in Kazakhstan. It also examines the current state of the development of value chains and discusses barriers for agriculture value chain financing. The...
Persistent link: https://www.econbiz.de/10012113904
The main objective of this paper is to understand how the changes in the macroeconomic conditions (the global financial crisis) relate to the investment and financial decision-making for each of the different size categories of SMEs. To do so, we use a large dataset of 764,963 observations in...
Persistent link: https://www.econbiz.de/10011804488
-post performance, we find that issuer firms expand their total assets and fixed assets, and also raise their leverage. …
Persistent link: https://www.econbiz.de/10012390449
their leverage …
Persistent link: https://www.econbiz.de/10012419623
issuer firms expand their total assets and fixed assets, and also raise their leverage …
Persistent link: https://www.econbiz.de/10012614108
This study examines the relationship between access to finance and growth in sales for Micro, Small, and Medium Enterprises (MSMEs) in Iran. Using data from 486 firms in five provinces, our findings indicate that external financing positively impacts sales growth for MSMEs. The results suggest...
Persistent link: https://www.econbiz.de/10014245441
leverage faced tighter constraints in accessing bank credit after the COVID-19 outbreak in spring 2020. Specifically, SMEs with … higher pre-COVID leverage obtained a smaller volume of new loans and had to pay a higher spread on them during the pandemic … were not able to substitute to other sources of debt financing and thus experienced more of a reduction in total debt as …
Persistent link: https://www.econbiz.de/10013414903
We study the effects of the reform of the system of severance payments (TFR) of Italian employees on the cost and the access to credit for small and medium-size enterprises (SMEs). The most direct consequence of the reform is to reduce in the long run the amount of liquid assets available to...
Persistent link: https://www.econbiz.de/10011377271
role of both tax and non-tax determinants in the choice to be a closely-held corporation vs. a proprietorship. While lower …-income individuals face relatively neutral incentives, higher income households face strong tax incentives to be corporate. The data … suggest a strong response to these tax incentives. Many conventional non-tax determinants are confirmed in the data as well …
Persistent link: https://www.econbiz.de/10009530883