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Research on financial constraints of very small firms is scarce because it is difficult to observe and measure their transactions. Previous studies on small enterprises in post-communist countries have focused either on the effect of financing constraints on business growth (Budina et al., 2000,...
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The principal aim of this paper is to test how firm characteristics affect Small and Medium Enterprise (SME) capital … suggest that non-debt tax shields and profitability are both negatively related to SME leverage, while size, growth options … and asset structure influence positively SME capital structure; they also confirm a maturity matching behaviour in this …
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On average, small business support projects appear to improve beneficiary sales, and the growth effect is obvious when supporting young or growing firms. However, the effect is largely offset by sales reductions due to overcrowding. Small business support projects must be operated in two ways to...
Persistent link: https://www.econbiz.de/10012203849
structure of SME imports and exports in the various markets are outlined by means of analyses, figures and comparisons. Findings …) profitability of transactions, (2) prospects for establishing long-term cooperation, and (3) high demand for products originating in …
Persistent link: https://www.econbiz.de/10012232558
Each organization faces the challenge of operating in an environment that is unpredictable and turbulent. Emergence of business era caused that change had become a key feature that determines the economic environment of an enterprise. Market environment forces companies to seek strategic...
Persistent link: https://www.econbiz.de/10012232593
presents a resource based analysis of family run SME, operating in IT parts and consumables market. In order to understand this … strategy of the SME. The value chain analysis helps to name the main organization’s capabilities and evaluates them in terms of … resources. The outcome of this audit shows that most of SME resources are of an intangible nature. Contrary to the higher …
Persistent link: https://www.econbiz.de/10009443744
. We do not detect any structural problems in average SME's capital structure. Rather, German Mittelstand firms appear to …
Persistent link: https://www.econbiz.de/10005026952