Capital structure and financing of SMEs: Australian evidence

By Gavin Cassar, S. Holmes. 2003

644 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/22cefff97c163ff75f39d93ae992995b20726667

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

In Economics and Econometrics

Citations in the corpus

The Determinants of Capital Structure for Australian Multinational and Domestic Corporations (2005, background): “The major published studies on capital structure for Australian firms include Allen (1991), Chiarella, Sim, Pham and Tan (1992), Pham and Chan (1993), Gatward and Sharpe (1996), Twite (2001) and Cassar and Holmes (2003) .”
The impact of firm and industry characteristics on small firms’ capital structure (2010, background): “Studies that investigate SMEs draw the same conclusion (Michaelas et al., 1999; Cassar and Holmes, 2003; Sogorb-Mira, 2005) and Hall et al. (2004) report this relationship for Dutch SMEs.”
Trade-Off Theory versus Pecking Order Theory: capital structure decisions in a peripheral region of Portugal (2014, background): “453 Mira (2001, 2005); Cassar and Holmes (2003); Ramalho and Silva (2009); González and González (2012); Serrasqueiro and Maçãs Nunes (2012).”
Small Business Reliance on Bank Financing in Ghana (2007, background): “To overcome problems in evaluating creditworthiness, Diamond (1989) suggests using firm reputation—the good name a firm has built up over the years that is understood by the market, which has observed the firm’s ability to meet its obligations in a timely manner.”
Determinants of the Capital Structure of Ghanaian Firms (2008, background): “(see Cassar and Holmes, 2003; Hall et al., 2004; Sogorb-Mira, 2005). Hall et al., (2004), for example, found that in countries such as Belgium, Germany, Spain, Ireland, Italy, the Netherlands, Portugal and UK, short-term debt is about three times more than long-term debt.”
Determinants of capital structure in Irish SMEs (2010, methodology): “…is to test hypotheses formulated from capital structure theories by testing static multivariate regression models on panel data (e.g. Michaelas et al. 1999; Chittenden et al. 1996; Hall et al. 2004; Sogorb Mira 2005; Esperanca et al. 2003; Fu et al. 2002; Cassar & Holmes 2003; Heyman et al. 2008).”
Capital structure determinants: an empirical study of French companies in the wine industry (2008, neutral): “Table XXX Measures of capital structure determinants Determinants measures Some references Size ( ) ( )AssetsTotalLnSalesTotalLn Homaifar et al., 1994; Rajan & Zingales, 1995; Michaleas et al., 1999; Booth et al., 2001; Ozkan, 2001; Sogorb Mira, 2002; Cassar & Holmes, 2003; Panno, 2003; Deesomsak 20”
The Determinants of Capital Structure: Evidence from the Asia Pacific Region * (2004, background): “Hence, a comparative analysis of the determinants of capital structure both across countries and 1 Published studies include Wiwattanakantang (1999) for Thailand; Suto (2003) for Malaysia; Prasad et al. (2003) for Thailand and Malaysia; Cassar and Holmes (2003) and Zoppa and McMahon (2002) for Austr”
Small and Medium-Sized Enterprises Financing: A Review of Literature (2013, background): “Therefore, the order of preference for the financing sources for a firm should follows internal equity, issuing debt, and then issuing equity (Cassar & Holmes, 2003).”
Capital Structure Decisions During a Firm's Life Cycle (2011, background): “However, considering that Cassar and Holmes (2003) indicate that the control of industry grouping in the regressions had limited effect on the inferences, although industry effects were generally found to be significant, it is useful to verify whether small and medium-sized firms may experience diff”
Determinants of capital structure: an empirical study of firms in Iran (2015, neutral): “…deviation of (ROA) VCP: difference between profit at times [t] and [t 1] to profit at time [t 1] Abor and Biekpe (2009), Sheikh and Wang (2011), Cassar and Holmes (2003), Ezeoha (2011) Profitability ROA: earnings before interest and tax divided by total assets Leland and Pyle (1977), Su…”
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 of banks in Ghana: an empirical approach (2007, background): “Firms will, therefore, incur higher finance costs due to the potential liquidation costs ( Cassar and Holmes, 2003”