The Importance of Financial Theories for SME Capital Structure Decisions

Lussuamo, João; Lopes, João; Oliveira, Márcio

http://hdl.handle.net/10400.8/5764

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Autores

Lussuamo, João

Lopes, João

Oliveira, Márcio

Resumo(s)

This chapter aims to analyze the importance of financial theories for SME capital structure decisions. The financial theories considered for this study were trade-off theory and pecking order theory. From the various empirical evidences researched in the Web of Science and Scopus database, it was found that most SME capital structure decisions follow the financial theory of hierarchical hierarchy, that is, the SME finance their investment opportunities through retained earnings, debt issuance, and finally stock issuance.

URI

http://hdl.handle.net/10400.8/5764

Citação

Lussuamo, J., Lopes, J., & Oliveira, M. J. (2020). The Importance of Financial Theories for SME Capital Structure Decisions. In Farinha, L., Cruz, A. B., & Sebastião, J. R. (Ed.), Handbook of Research on Accounting and Financial Studies (pp. 82-95). IGI Global. http://doi:10.4018/978-1-7998-2136-6.ch005

Editora

IGI Global

DOI

10.4018/978-1-7998-2136-6.ch005

Coleções

ESECS - Capítulos de livros

Licença CC

cclicense-by-nc-nd

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