An Analysis of Factors Influencing the Capital Structure of Small, Medium and Micro Enterprises PDF Download

Author: Sharon Zunckel
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 278

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Author: Nufazil Altaf
Publisher: Springer Nature
ISBN: 9813342765
Category : Business & Economics
Languages : en
Pages : 117

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Book Description
This book examines the capital structure dynamics in Indian MSMEs, offering empirical evidence to better understand the financial practices within entrepreneurial settings. Altaf and Shah in this book assess the financing pattern of Indian MSMEs, response of capital structure determinants to different macroeconomic states, links between working capital and capital structure, cash flow volatility and capital structure and also the impact of credit risk on capital structure and firm performance relationship. This book enthuses the audience looking to understand newer dynamics of capital structure and its interplay in the Indian MSMEs.

Author: Gavin Reid
Publisher: Routledge
ISBN: 113430272X
Category : Business & Economics
Languages : en
Pages : 379

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Book Description
In this extended and novel entrepreneurial analysis of small firm inception and growth, a leading authority in the field develops a new kind of ‘micro-micro’ analysis, applying rigorous methods from economics, accounting and finance to gain a deeper understanding of micro-firms, examining performance, hierarchy, capital structure, monitoring and control, flexibility, innovation, and information systems.

Author: Guy Gellatly
Publisher:
ISBN: 9780662326519
Category : High technology industries
Languages : en
Pages : 0

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Book Description
Growth and knowledge-intensity are 2 factors that are often posited to affect patterns of financing in small- and medium-sized enterprises (SMEs). This study evaluates whether SME growth characteristics (past track records on growth and projections of future growth) play a role in shaping their financial makeup. It also investigates whether SMEs that operate in high-knowledge industries (industries where research and development and skilled workers are relatively more important) develop different financial characteristics than their counterparts in other sectors of the economy.

Author: John Rand
Publisher: Oxford University Press
ISBN: 0198851189
Category : Business & Economics
Languages : en
Pages : 296

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Book Description
This is an open access title available under the terms of a CC BY-NC-ND 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Micro, Small, and Medium Enterprises in Vietnam provides a comprehensive analytic contribution to a crucial topic within development economics. Based on fifteen years of continued data collection and research efforts it brings together nine up-to-date studies on micro, small, and medium enterprise (SME) development in a coherent framework to help persuade national and international policymakers of the need to take the international call for a data revolution seriously. This edited volume provides an in-depth evaluation of the development of private sector formal and informal manufacturing SMEs in Vietnam over the past decade, combining a unique primary data source with the best panel data and analytical tools available. It generates a comprehensive understanding of the impact of business risks, credit access, institutional characteristics, and government policies, and makes available a set of materials and studies of use to academics, students, and development practitioners interested in an integrated approach to the study of growth, private sector development, and the microeconomic analysis of SME development in a fascinating developing country. Micro, Small, and Medium Enterprises in Vietnam serves as a lense through which other countries, and the international development community at large, may wish to approach the massive task of pursuing a meaningful data revolution as an integral element of the Sustainable Development Goals agenda.

Author: I. M. Pandey
Publisher:
ISBN: 9781283190725
Category :
Languages : en
Pages :

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Book Description

Author: Lucky Yona
Publisher: AuthorHouse
ISBN: 1546295585
Category : Business & Economics
Languages : en
Pages : 109

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Book Description
The dominant capital structure studies across the globe have been concentrated in developed countries and specifically for listed companies and few on unlisted companies or mixed companies. This thesis aims to examine the extent to which company liquidity, profitability, tangibility, and company size influence the leverage of Tanzanian companies as suggested by pecking order and trade-off theory. The study findings show a negative relationship between company liquidity and company leverage as measured by debt ratio and debt-to-equity ratio. These findings show the validity of the pecking order theory in Tanzania. The postulates of the trade-off theory as far as liquidity is concerned are not valid. The study findings also reveal a positive relationship between profitability and leverage, suggesting that majority of Tanzanian companies used more debts as the means of financing their business operations despite their profitability. The study also found that the tangibility of listed companies was higher than that of the unlisted companies and that there was a negative relationship between tangibility and leverage, which is valid to pecking order but contrary to trade-off theory. As far as company size is concerned, study findings suggest that pecking order theory (POT) and trade-off theory (TOT) relevance cannot be fully supported in Tanzanian companies as the findings have revealed a negative relationship between company size and leverage. Findings reveal a negative relationship between company size and leverage. Pecking order theory (POT) and trade-off theory (TOT) relevance cannot be fully supported in Tanzanian companies, and size of listed companies was higher than that of the unlisted companies. This suggests that the size of majority of Tanzanian unlisted companies is still small as compared to the listed companies.

Author: Allan Lance Riding
Publisher: Statistics Canada
ISBN: 9780662326519
Category : Small business
Languages : en
Pages : 16

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Author: Meghana Ayyagari
Publisher: World Bank Publications
ISBN:
Category : Business enterprises
Languages : en
Pages : 59

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Book Description
What role does the business environment play in promoting and restraining firm growth? Recent literature points to a number of factors as obstacles to growth. Inefficient functioning of financial markets, inadequate security and enforcement of property rights, poor provision of infrastructure, inefficient regulation and taxation, and broader governance features such as corruption and macroeconomic stability are discussed without any comparative evidence on their ordering. In this paper, the authors use firm level survey data to present evidence on the relative importance of different features of the business environment. They find that although firms report many obstacles to growth, not all the obstacles are equally constraining. Some affect firm growth only indirectly through their influence on other obstacles, or not at all. Using Directed Acyclic Graph methodology as well as regressions, the authors find that only obstacles related to finance, crime, and political instability directly affect the growth rate of firms. Robustness tests further show that the finance result is the most robust of the three. These results have important policy implications for the priority of reform efforts. They show that maintaining political stability, keeping crime under control, and undertaking financial sector reforms to relax financing constraints are likely to be the most effective routes to promote firm growth.

Author: Tamer Cavusgil
Publisher: Emerald Group Publishing
ISBN: 1848554680
Category : Business & Economics
Languages : en
Pages : 432

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Book Description
Addresses the impact on international marketing of major trends in the external and internal environment of the firm: technology-enabled international marketing research, global account management, procurement and international supplier networks, internationalization of small and entrepreneurial firms, and outsourcing and offshoring.