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...

Full description

Bibliographic Details
Main Author: SO Migiro
Format: Article
Language:English
Published: AOSIS 2014-07-01
Series:South African Journal of Economic and Management Sciences
Online Access:https://sajems.org/index.php/sajems/article/view/1172
id doaj-e8dd22c6e2f34ca1a1e19110eca452e8
record_format Article
spelling 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
_version_ 1725815514771488768