The financing and capital structure of small and medium-scale enterprises: The importance of enterprise characteristics and gender financing constraints
This paper investigates the determinants of the financing structure of SMEs. The evidence on SMEs’ financing structure is based on existing empirical surveys and literature review. The paper provides testable implications developed from economic finance theory. The presentations in the paper utilise...
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doaj-e8dd22c6e2f34ca1a1e19110eca452e82020-11-24T22:08:39ZengAOSISSouth African Journal of Economic and Management Sciences1015-88122222-34362014-07-018441242310.4102/sajems.v8i4.1172332The financing and capital structure of small and medium-scale enterprises: The importance of enterprise characteristics and gender financing constraintsSO Migiro0Graduate School of Business Leadership, UKZNThis paper investigates the determinants of the financing structure of SMEs. The evidence on SMEs’ financing structure is based on existing empirical surveys and literature review. The paper provides testable implications developed from economic finance theory. The presentations in the paper utilise data from a previously unexamined source, complementing existing evidence that has been dominated by studies from more developed countries. The results from the empirical survey reveal that there are strong relationships between enterprise size and age, and SME financing structure.https://sajems.org/index.php/sajems/article/view/1172 |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
SO Migiro |
spellingShingle |
SO Migiro The financing and capital structure of small and medium-scale enterprises: The importance of enterprise characteristics and gender financing constraints South African Journal of Economic and Management Sciences |
author_facet |
SO Migiro |
author_sort |
SO Migiro |
title |
The financing and capital structure of small and medium-scale enterprises: The importance of enterprise characteristics and gender financing constraints |
title_short |
The financing and capital structure of small and medium-scale enterprises: The importance of enterprise characteristics and gender financing constraints |
title_full |
The financing and capital structure of small and medium-scale enterprises: The importance of enterprise characteristics and gender financing constraints |
title_fullStr |
The financing and capital structure of small and medium-scale enterprises: The importance of enterprise characteristics and gender financing constraints |
title_full_unstemmed |
The financing and capital structure of small and medium-scale enterprises: The importance of enterprise characteristics and gender financing constraints |
title_sort |
financing and capital structure of small and medium-scale enterprises: the importance of enterprise characteristics and gender financing constraints |
publisher |
AOSIS |
series |
South African Journal of Economic and Management Sciences |
issn |
1015-8812 2222-3436 |
publishDate |
2014-07-01 |
description |
This paper investigates the determinants of the financing structure of SMEs. The evidence on SMEs’ financing structure is based on existing empirical surveys and literature review. The paper provides testable implications developed from economic finance theory. The presentations in the paper utilise data from a previously unexamined source, complementing existing evidence that has been dominated by studies from more developed countries. The results from the empirical survey reveal that there are strong relationships between enterprise size and age, and SME financing structure. |
url |
https://sajems.org/index.php/sajems/article/view/1172 |
work_keys_str_mv |
AT somigiro thefinancingandcapitalstructureofsmallandmediumscaleenterprisestheimportanceofenterprisecharacteristicsandgenderfinancingconstraints AT somigiro financingandcapitalstructureofsmallandmediumscaleenterprisestheimportanceofenterprisecharacteristicsandgenderfinancingconstraints |
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