Artikel
Capital Structure and Small Growth Firms
Capital structure choices and preferences in small, rapidly growing corporations are examined. As much of capital structure theory involves variables not easily or practically quantified (e.g., preferences, motivations, agency costs, information asymmetries) a survey was designed in an attempt to gauge the relevance of several theories of capital structure. The survey was sent to 405 firms, taken from lists of successful high growth corporations; 27.2% returned usable responses. Analysis of the responses indicates that tax factors and management preferences have major impacts on capital structure. Implications arising from agency cost, information asymmetry, and signaling theory apparently have little impact on capital structure choice and financing strategies of the responding firms.
- Language
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Englisch
- Bibliographic citation
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Journal: Journal of Small Business Finance ; ISSN: 1057-2287 ; Volume: 1 ; Year: 1991 ; Issue: 2 ; Pages: 161-177 ; Greenwich, CT: JAI Press
- Classification
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Management
Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
Firm Performance: Size, Diversification, and Scope
- Subject
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Capital Structure
Capital
Small Firm
Growth Firm
- Event
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Geistige Schöpfung
- (who)
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Norton, Edgar
- Event
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Veröffentlichung
- (who)
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JAI Press
- (where)
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Greenwich, CT
- (when)
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1991
- Handle
- Last update
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10.03.2025, 11:43 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Norton, Edgar
- JAI Press
Time of origin
- 1991
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