Matches in SemOpenAlex for { <https://semopenalex.org/work/W2003404455> ?p ?o ?g. }
- W2003404455 abstract "We analyze the determinants of capital structure and its choice by small and medium-sized enterprises in Central and Eastern Europe from 2002 to 2007. We test the relevance of the three main theories: the Static Tradeoff theory, the Pecking Order theory, and the Agency Theory; which have been derived primarily for developed markets; while our knowledge on their validity for emerging European countries is limited. We confirm the positive impact of size and asset tangibility on the leverage, while rejecting both the positive impact of profitability and tax as well as the negative impact of business risk and non-debt tax shields. We report that SMEs behave homogeneously, and the relevant capital structure determinants show remarkable steadiness. Our results show a special time varying behavior, in which the relevant determinants become stronger, while most of the country-specific factors present weakening effects. We argue that firms of the CEE countries remarkably converged their financial decision-making procedure to that of developed countries through the investigated period. The relevance of Tradeoff theory is weak, as firms respect a one-sided upper threshold rather than converging to a fixed target on both sides, while they are not indifferent to the hierarchy of financing alternatives." @default.
- W2003404455 created "2016-06-24" @default.
- W2003404455 creator A5046988125 @default.
- W2003404455 creator A5056220427 @default.
- W2003404455 date "2012-06-15" @default.
- W2003404455 modified "2023-09-23" @default.
- W2003404455 title "Capital Structure and Its Choice in Central and Eastern Europe" @default.
- W2003404455 cites W1536256355 @default.
- W2003404455 cites W1586895475 @default.
- W2003404455 cites W2025655973 @default.
- W2003404455 cites W2033646694 @default.
- W2003404455 cites W2045788863 @default.
- W2003404455 cites W2063955807 @default.
- W2003404455 cites W2084310832 @default.
- W2003404455 cites W2088026236 @default.
- W2003404455 cites W2105309998 @default.
- W2003404455 cites W2106707221 @default.
- W2003404455 cites W2128498218 @default.
- W2003404455 cites W2128968861 @default.
- W2003404455 cites W2129030463 @default.
- W2003404455 cites W2131124263 @default.
- W2003404455 cites W2134025738 @default.
- W2003404455 cites W2160867884 @default.
- W2003404455 cites W2169891939 @default.
- W2003404455 cites W2314962592 @default.
- W2003404455 cites W3122933090 @default.
- W2003404455 cites W3123826726 @default.
- W2003404455 cites W3123945453 @default.
- W2003404455 cites W3125668616 @default.
- W2003404455 hasPublicationYear "2012" @default.
- W2003404455 type Work @default.
- W2003404455 sameAs 2003404455 @default.
- W2003404455 citedByCount "2" @default.
- W2003404455 countsByYear W20034044552013 @default.
- W2003404455 countsByYear W20034044552016 @default.
- W2003404455 crossrefType "posted-content" @default.
- W2003404455 hasAuthorship W2003404455A5046988125 @default.
- W2003404455 hasAuthorship W2003404455A5056220427 @default.
- W2003404455 hasConcept C10138342 @default.
- W2003404455 hasConcept C119857082 @default.
- W2003404455 hasConcept C120527767 @default.
- W2003404455 hasConcept C120757647 @default.
- W2003404455 hasConcept C121087249 @default.
- W2003404455 hasConcept C129361004 @default.
- W2003404455 hasConcept C149933338 @default.
- W2003404455 hasConcept C153083717 @default.
- W2003404455 hasConcept C162324750 @default.
- W2003404455 hasConcept C172983313 @default.
- W2003404455 hasConcept C200707436 @default.
- W2003404455 hasConcept C31170391 @default.
- W2003404455 hasConcept C34447519 @default.
- W2003404455 hasConcept C36673458 @default.
- W2003404455 hasConcept C38652104 @default.
- W2003404455 hasConcept C39389867 @default.
- W2003404455 hasConcept C41008148 @default.
- W2003404455 hasConcept C556758197 @default.
- W2003404455 hasConcept C76178495 @default.
- W2003404455 hasConceptScore W2003404455C10138342 @default.
- W2003404455 hasConceptScore W2003404455C119857082 @default.
- W2003404455 hasConceptScore W2003404455C120527767 @default.
- W2003404455 hasConceptScore W2003404455C120757647 @default.
- W2003404455 hasConceptScore W2003404455C121087249 @default.
- W2003404455 hasConceptScore W2003404455C129361004 @default.
- W2003404455 hasConceptScore W2003404455C149933338 @default.
- W2003404455 hasConceptScore W2003404455C153083717 @default.
- W2003404455 hasConceptScore W2003404455C162324750 @default.
- W2003404455 hasConceptScore W2003404455C172983313 @default.
- W2003404455 hasConceptScore W2003404455C200707436 @default.
- W2003404455 hasConceptScore W2003404455C31170391 @default.
- W2003404455 hasConceptScore W2003404455C34447519 @default.
- W2003404455 hasConceptScore W2003404455C36673458 @default.
- W2003404455 hasConceptScore W2003404455C38652104 @default.
- W2003404455 hasConceptScore W2003404455C39389867 @default.
- W2003404455 hasConceptScore W2003404455C41008148 @default.
- W2003404455 hasConceptScore W2003404455C556758197 @default.
- W2003404455 hasConceptScore W2003404455C76178495 @default.
- W2003404455 hasLocation W20034044551 @default.
- W2003404455 hasOpenAccess W2003404455 @default.
- W2003404455 hasPrimaryLocation W20034044551 @default.
- W2003404455 hasRelatedWork W2054293158 @default.
- W2003404455 hasRelatedWork W2073089954 @default.
- W2003404455 hasRelatedWork W2114760201 @default.
- W2003404455 hasRelatedWork W2121597019 @default.
- W2003404455 hasRelatedWork W2193475460 @default.
- W2003404455 hasRelatedWork W2316490187 @default.
- W2003404455 hasRelatedWork W2518932609 @default.
- W2003404455 hasRelatedWork W2584620248 @default.
- W2003404455 hasRelatedWork W2625916606 @default.
- W2003404455 hasRelatedWork W2765983824 @default.
- W2003404455 hasRelatedWork W2915424605 @default.
- W2003404455 hasRelatedWork W3025028754 @default.
- W2003404455 hasRelatedWork W3026915845 @default.
- W2003404455 hasRelatedWork W3121832897 @default.
- W2003404455 hasRelatedWork W3121867370 @default.
- W2003404455 hasRelatedWork W3122067411 @default.
- W2003404455 hasRelatedWork W3123180440 @default.
- W2003404455 hasRelatedWork W3125752512 @default.
- W2003404455 hasRelatedWork W3147445803 @default.
- W2003404455 hasRelatedWork W3210594279 @default.
- W2003404455 isParatext "false" @default.