Are the determinants of capital structure country or firm specific?

By Maria Psillaki, N. Daskalakis. 2009

408 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/6f857998a7bb7f405152c2c0f7bc3417f878e4ae

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Citations in the corpus

Determinants of capital structure in emerging markets: evidence from Vietnam (2017, background): “Psillaki & Daskalakis (2009) report that firm size is positively correlated with leverage while asset structure, profitability and risk is negatively explained capital structure.”
What do we know about the capital structure of small firms? (2012, positive): “Several cross-country papers based on small firms (Hall et al. 2004; Psillaki and Daskalakis 2009) tend to support the idea that firm-specific effects outweigh the country effects in firm leverage.”
Small business financing in the UK before and during the current financial crisis (2012, background): “This theory predicts that firms with better growth opportunities and therefore, a greater need for finance resources are more likely to turn to debt finance after internal funds have been exhausted (Michaelas et al., 1999; Psillaki and Daskalakis, 2008).”
Quantity and quality of information and SME financial structure (2012, background): “expected. Moreover, because more information is typically available for larger firms than for small firms, the former will have less information asymmetries (see e.g. Cole 2008; Psillaki and Daskalakis 2008 ).”
A conceptual framework for identifying financing preferences of SMEs (2015, background): “However, Psillaki and Daskalakis (2009) provide significant empirical evidence of the negative association of leverage with asset structure for the SMEs of Greece, Italy and France.”
Trade-Off Theory versus Pecking Order Theory: capital structure decisions in a peripheral region of Portugal (2014, background): “Similar results were also found by Sogorb-Mira (2005) for Spanish SMEs, Psillaki and Daskalakis (2009) for Greek, French, and Italian SMEs, by Bhaird and Lucey (2010) for Irish SMEs, and La Rocca et al. (2011) for Italian SMEs.”