Artikel
Capital structure in small manufacturing firms: Evidence from the data
This article examines theories of capital structure pertaining to small firms and looks at the capital structure of small to mid-sized manufacturing firms within the context of those theories. Results provide support for Leland and Pyle's (1977) Signaling Theory, Myers' (1984) Pecking Order Theory, Berger and and Udell's (1998) Life Cycle Theory. Contrary to the findings of prior research, these results revealed that industry sector was not a significant determinant of capital structure. Rather, these findings show that capital structure in small to mid-sized firms is determined by measures of firm size, firm age, organizational status, profitability, and asset structure.
- Sprache
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Englisch
- Erschienen in
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Journal: Journal of Entrepreneurial Finance, JEF ; ISSN: 1551-9570 ; Volume: 11 ; Year: 2006 ; Issue: 3 ; Pages: 105-122 ; Montrose, CA: The Academy of Entrepreneurial Finance (AEF)
- Klassifikation
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Management
- Ereignis
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Geistige Schöpfung
- (wer)
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Coleman, Susan
- Ereignis
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Veröffentlichung
- (wer)
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The Academy of Entrepreneurial Finance (AEF)
- (wo)
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Montrose, CA
- (wann)
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2006
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Coleman, Susan
- The Academy of Entrepreneurial Finance (AEF)
Entstanden
- 2006
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