Trade-Off Theory versus Pecking Order Theory: capital structure decisions in a peripheral region of Portugal

Trade-Off Theory versus Pecking Order Theory: capital structure decisions in a peripheral region of Portugal

This paper seeks to analyse whether the capital structure decisions of Small and Medium-Sized Enterprises (SMEs) are closer to the assumptions of Trade-Off Theory or to those of Pecking Order Theory. We use a sample of SMEs located in the interior region of Portugal, using the LSDVC dynamic estimato...

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Bibliographic Details
Main Authors: Zélia Serrasqueiro, Ana Caetano
Format: Article
Language:English
Published: Vilnius Gediminas Technical University 2014-12-01
Series:Journal of Business Economics and Management
Subjects:
Beira Interior
capital structure
Pecking Order Theory
SMEs
Trade-Off Theory
financing support
Online Access:https://journals.vgtu.lt/index.php/JBEM/article/view/2685

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