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structure of small-to-medium enterprises (SMEs) and large Greek listed firms for the period spanning from 2005 to 2010. Panel … detect that the influence of corporate governance variables on the capital structure of SMEs is less evident compared with … large firms. We attribute this to the active involvement of owners in the management of SMEs, which reduces the need for …
Persistent link: https://www.econbiz.de/10011241908
, on small and medium enterprises’ (SMEs) performance. Using firm-level data on SMEs for the years 2002–2009, this paper …
Persistent link: https://www.econbiz.de/10011241912
employment, especially for SMEs, while the effect of product innovation is not significant. The study also distinguishes that … compensation effects of process innovation may appear with a certain delay justifying the importance for SMEs of being persistent …
Persistent link: https://www.econbiz.de/10011154823
enterprises (SMEs) have a lower probability to innovate and a higher likelihood to face financial constraints, their innovative …
Persistent link: https://www.econbiz.de/10011154843
Small and medium-sized enterprises (SMEs) are supposed to be less likely to conduct formal R&D because of the lack of … Italian SMEs operating in the manufacturing sector. From the model we derive three main implications: (1) there is no …
Persistent link: https://www.econbiz.de/10010865370
SMEs. The results show that UK SMEs with greater cash flow volatility and institutional investors hold more cash; whereas … levered and dividend paying SMEs with non-executive ownership hold less cash. We also find that ownership structure is … governance mechanisms are more effective for SMEs with high growth investment opportunities, while external governance mechanisms …
Persistent link: https://www.econbiz.de/10010865373
Most small and medium enterprises (SMEs) in Korea struggle in financing R&D. Thus, the Korea Core Industrial Technology … Investment Association (KITIA) was established to implement a matching fund program (MFP) to help SMEs with this undertaking … 2004, evaluates the performance of the MFP in terms of the success rate of funded SMEs’ initial public offerings (IPOs) and …
Persistent link: https://www.econbiz.de/10010865377
The promotion and support of small and medium-sized enterprises (SMEs) is an essential component of policies designed … to help improve Europe’s economic performance. A crucial issue is whether SMEs face difficulty obtaining bank loans …. Using pre-crisis survey data from 2005 and 2006 for nearly 3,500 SMEs (firms with fewer than 250 employees) in the European …
Persistent link: https://www.econbiz.de/10010865389
Our analysis of survey data of US small and medium-sized enterprises (SMEs) explores (1) whether firms have ‘dynamic …. Our survey reveals that about a quarter of SMEs self-report high levels of these ethics-focused dynamic capabilities. We … SME’s ethical performance, and that the performance effects are contingent on an SME’s degree of entrepreneurial …
Persistent link: https://www.econbiz.de/10010865427
faced by firms achieving high growth and those with the potential to do so. This article uses data for 4,858 UK SMEs to …
Persistent link: https://www.econbiz.de/10010865440