Shugliashvili, Teona; Pirveli, Erekle; Munjishvili, Tea; … - In: Credit and capital markets : Kredit und Kapital 56 (2023) 3/4, pp. 313-351
non-debt tax shields affect SME leverage; 2) Policies addressing the term spread and economic uncertainty influence debt … levels across various German industries; 3) Industry-specific SME policies are advisable, due to the significant industry … effects on German SME leverage; 4) SME policy incentives yield short-term effects on capital structures, as SMEs adjust …