Corporate debt policy of small firms: an empirical (re)examination

By José P. Esperança, Ana Paula Matias Gama, M. Gulamhussen. 2003

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Capital Structure and Profitability of Nigerian Quoted Firms: The Agency Cost Theory Perspective (2014, background): “However, a negative relationship exists between size and short term debt ratio in the studies of Caesar and Holmes (2003), Esperanca et al. (2003), and Hall et al., (2004) as stated in Joshua (2008).”
Determinants of capital structure in Irish SMEs (2010, methodology): “Keywords Capital structure SME Zellner’s SUR model JEL Classifications E44 G21 G32 L26”
Small business financing in the UK before and during the current financial crisis (2012, background): “…and Scherr and Hulburt (2001) find that growth options have little effect on leverage, other studies find a positive relationship between leverage and growth (Cassar, 2004; Esperanca et al., 2003; Lopez-Gracia and Sogorb-Mira, 2008; Michaelas et al., 1999; Van Caneghem and Van Campenhout, 2010).”
Quantity and quality of information and SME financial structure (2012, background): “regarding their ability to meet (financial) obligations in a timely manner] (Ang 1991; Diamond 1989 ).”
Determinants of the Capital Structure of Ghanaian Firms (2008, background): “Growth is likely to place a greater demand on internally generated funds and push the firm into borrowing (Hall et al., 2004). According to Marsh (1982), firms with high growth will capture relatively higher debt ratios.”