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: | Zélia Serrasqueiro, Fernanda Matias, Leonor Salsa |
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Format: | Article |
Language: | English |
Published: |
Universidade do Algarve
2016-11-01
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Series: | Dos Algarves: A Multidisciplinary e-Journal |
Subjects: | |
Online Access: | http://www.dosalgarves.com/rev/N28/2rev28.pdf |
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