Financial Policy and Capital Structure Choice in U.K. SMEs: Empirical Evidence from Company Panel Data

Financial Policy and Capital Structure Choice in U.K. SMEs: Empirical Evidence from Company Panel... This article utilises up-to-date financial panel data, and investigates the capital structure of small and medium sized enterprises (SMEs) in the U.K. Different capital structure theories are reviewed in order to formulate testable propositions concerning the levels of debt in small businesses, and a number of regression models are developed to test the hypotheses. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Small Business Economics Springer Journals

Financial Policy and Capital Structure Choice in U.K. SMEs: Empirical Evidence from Company Panel Data

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Publisher
Kluwer Academic Publishers
Copyright
Copyright © 1999 by Kluwer Academic Publishers
Subject
Business and Management; Management; Microeconomics; Entrepreneurship; Industrial Organization
ISSN
0921-898X
eISSN
1573-0913
D.O.I.
10.1023/A:1008010724051
Publisher site
See Article on Publisher Site

Abstract

This article utilises up-to-date financial panel data, and investigates the capital structure of small and medium sized enterprises (SMEs) in the U.K. Different capital structure theories are reviewed in order to formulate testable propositions concerning the levels of debt in small businesses, and a number of regression models are developed to test the hypotheses.

Journal

Small Business EconomicsSpringer Journals

Published: Sep 30, 2004

References

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