Der Beitrag befasst sich mit der Nutzung der (konjunkturellen) Kurzarbeit durch mittelständische Betriebe. Es zeigte sich, dass kleine und mittelgroße Betriebe dieses Instrument deutlich seltener als ihre großbetrieblichen Pendants nutzen: im Juni 2009 ließen nur etwa 1,6 Prozent der kleinen...

Financial accounting is rooted in national thoughts, traditions and institutional settings. As a consequence, accounting has developed heterogeneously over time and fulfilled contracting purposes in divergent national environments. Against this background, we argue that the ongoing process of...

This article examines whether the capital structure of small and medium-sized enterprises (SMEs) and its firm-factor determinants are different across regions belonging to a single country. This subject is relatively innovative in capital structure research, since the majority of the studies...

The recently introduced risk capital allowance in Belgium, which allows a notional interest deduction (to be denoted NID hereafter) on a firm’s adjusted equity for tax purposes, has mitigated the tax discrepancy between equity and debt financing. To our knowledge, we provide the first...

De nos jours, l’économie mondiale oblige les entreprises des pays développés à subir un processus de restructuration. Dans ce contexte, les entreprises industrielles se doivent de collaborer avec le secteur des services afin d’améliorer leur compétitivité. En effet, les PME de...

According to recent literature, effective knowledge management should be coherent and based on the firm’s strategy. Prior empirical research, in contrast, tries to evaluate the impact of knowledge management initiatives directly on performance but finds inconsistent results and not allows the...

This research addresses the contribution that technical skills and cognitive abilities make toward technological efficiency in small and medium enterprises. While most of the literature on skill-biased technological change focuses on large corporations, this exploratory research tries to close...