Determinants of capital structure: New evidence from Portuguese small firms
This paper studies the determinants of capital structure of 2,329 Portuguese small firms, decomposing total liabilities in long and short-term debt. The results of 2007-2011 panel data suggest that information asymmetry and agency problems seem to be important for small firms in accessing long-term...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universidade do Algarve
2016-11-01
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| Series: | Dos Algarves |
| Subjects: | |
| Online Access: | http://www.dosalgarves.com/rev/N28/2rev28.pdf |