Testing trade-off and pecking order theories financing SMEs

By J. López-Gracia, Francisco Sogorb-Mira. 2008

422 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/6d3dd56f49fbdbd4e78ae9514639dd941757a689

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Citations in the corpus

Born to be alive? The survival of innovative and non-innovative French micro-start-ups (2014, methodology): “The literature often finds different (and sometimes opposite) effects for the same factors influencing survival depending on their status of micro-enterprises or SMEs.”
Trade-Off Theory versus Pecking Order Theory: capital structure decisions in a peripheral region of Portugal (2014, methodology): “…of actual SME debt towards the optimal debt level, as well as the relationships between determinants and debt forecast by Trade-Off and Pecking Order Theories, we turn to the partial adjustment model, just as López-Gracia and Sánchez-Andújar (2007) and López-Gracia and Sogorb-Mira (2008).”
Financing patterns of European SMEs – an empirical taxonomy (2016, neutral): “Empirical studies found that factors such as firm size, firm age, ownership structure, profitability, asset structure and industry are important determinants of the demand for and availability of financing instruments (Chittenden and Hutchinson 1996; Frank and Goyal 2007; Howorth 2001; López-Gracia ”
Trade credit and SME profitability (2014, background): “Meltzer (1960) states that a primary function of trade credit is to mitigate customers’ financial frictions, thus facilitating increased sales and market share growth (Nadiri 1969).”
Quantity and quality of information and SME financial structure (2012, background): “Michaelas et al. 1999; Esperanc ¸a et al. 2003; Lopez-Gracia and Sogorb-Mira 2008 ).”
A systematic literature review on SME financing: Trends and future directions (2021, background): “…al., 2019), as the inaccessibility of funds by SMEs is often a result of conflicting interests between lenders and SME owners, and thus, SMEs prefer internal financing to obviate the need for such funds, where possible (Degryse et al., 2012; López-Gracia & Sogorb-Mira, 2008; Newman et al., 2012).”