How SME Uniqueness Affects Capital Structure: Evidence From A 1994–1998 Spanish Data Panel

By Francisco Sogorb-Mira. 2002

525 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/29be058d270f0004681420756f25e93daa6f7821

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In Accounting

1. Tom Vanacker
2. Maria Psillaki
3. Maurizio La Rocca
4. Tiziana La Rocca
5. Alfio Cariola
6. Tom van Caneghem
7. Geert van Campenhout
8. Sophie Manigart

In Economics and Econometrics

1. Tom Vanacker
2. Maurizio La Rocca
3. Tiziana La Rocca
4. Alfio Cariola
5. Maria Psillaki
6. Sophie Manigart
7. Tom van Caneghem
8. Geert van Campenhout

Citations in the corpus

• Trade-Off Theory versus Pecking Order Theory: capital structure decisions in a peripheral region of Portugal (2014, unknown): “…level of tangible assets increases the possibility of offering collaterals, lessening problems of information asymmetry between SME managers/ owners and creditors (Berger, Udell 1998; Michaelas et al. 1999; Sogorb-Mira 2005), a positive relationship is expected between asset tangibility and debt.”
• Quantity and quality of information and SME financial structure (2012, background): “Sogorb-Mira 2005). • Profitability (PROF) is defined as return on total assets, being the ratio of earnings before interest and taxes (EBIT) to total assets (see e.g. Michaelas et al. 1999; Sogorb-Mira 2005 ).”
• Do country or firm factors explain capital structure? Evidence from SMEs in France and Greece (2008, background): “For example, Hall et al. (2004) and Sogorb-Mira (2005) find a negative relationship between short term debt and asset structure and a positive relationship differentiate between long-term debt and asset structure.”
• A two-part fractional regression model for the financial leverage decisions of micro, small, medium and large firms (2009, unknown): “Thus, in recent years there has been a substantial increment in the number of empirical studies on SMEs’ debt policy decisions; see inter aliaMichaelas et al. (1999), Watson and Wilson (2002), Cassar and Holmes (2003), Hall et al. (2004) and Sogorb-Mira (2005).”
• Pecking order and debt capacity considerations for high-growth companies seeking financing (2010, background): “dataset (e.g., Heyman et al. 2008; Sogorb-Mira 2005), leading to potentially biased results.”
• The impact of recent financial shocks on the financing and investment policies of UK private firms (2013, result): “The positive relationship between growth and leverage is consistent with earlier published studies (see for example, Michael et al., 1999a; Sogorb-Mira, 2005).”
• The impact of firm and industry characteristics on small firms’ capital structure (2010, unknown): “Sogorb-Mira (2005) reports a stronger positive effect of growth opportunities on long term debt, but a negative impact on short term debt.”
• DETERMINANTS OF SMALL AND MEDIUM SIZED FAST GROWING ENTERPRISES IN CENTRAL AND EASTERN EUROPE: A PANEL DATA ANALYSIS (2010, unknown): “…have selected several variables that the empirical literature (see Honjo and Haranda, 2006; Wiboonchutikula, 2002; Wiklund, Patzelt and Shepherd, 2009; Sogorb-Mira, 2005; Hall, Hutchinson and Michaelas, 2000, 2006; Garcıa-Teruel and Martınez-Solano, 2008) suggests are important growth determinants.”
• The Relationship between Capital Structure and Firm Performance Evaluation Measures: Evidence from the Tehran Stock Exchange (2012, background): “Sogorb (2005) Surveyed the impact of small and medium companies’ features on their capital structure in Spain during 1994 to 1998.”
• Determinants of capital structure in Irish SMEs (2010, unknown): “The latter postulates that, when internal sources of finance are not sufficient for investment needs, the firm has a preference to raise external finance in debt markets, C. mac an Bhaird (&) Fiontar, Dublin City University, Dublin, Ireland e-mail: ciaran.macanbhaird@dcu.ie B. Lucey School of…”
• Are the determinants of capital structure country or firm specific? (2009, unknown): “Our findings are in line with those of Titman and Wessels (1988), Ozkan (2001), Gaud et al. (2005), and Sogorb-Mira (2005) who report results which are consistent with the notion that larger firms have higher debt ratios.”
• Like milk or wine: Does firm performance improve with age? (2013, unknown): “We control for lagged log size measured on number of employees (LnSize) and, following SogorbMira (2005), also long-term and short-term financial ratios over assets (LTDR and STDR), and also include sets of dummy variables to control for specific years and two-digit industrial sectors.”