Firm-level determinants of small and medium enterprises financing decisions. Evidence from Argentina
| cic.isFulltext | true | es |
| cic.isPeerReviewed | true | es |
| cic.lugarDesarrollo | Centro de Emprendedorismo y Desarrollo Territorial Sustentable | es |
| cic.version | info:eu-repo/semantics/acceptedVersion | es |
| dc.date.accessioned | 2016-12-27T16:28:17Z | |
| dc.date.available | 2016-12-27T16:28:17Z | |
| dc.identifier.uri | https://digital.cic.gba.gob.ar/handle/11746/5098 | |
| dc.title | Firm-level determinants of small and medium enterprises financing decisions. Evidence from Argentina | en |
| dc.type | Artículo | es |
| dcterms.abstract | This article studies the determinants of the financing decisions of small and medium enterprises (SMEs), which we characterize through three cases: trade-off behavior, pecking order, and extreme aversion to debt. We test our hypotheses using a datas et of firms from Bahía Blanca (Argentina) for two years: 2006 and 2010. We find that firm characteristics related to information asymmetries, such as firm age, size, and legal form; and personal factors, such as owner<em>’</em>s age and education; and perception of emotional bankruptcy costs, are relevant variables in SME financing behavior. The recognition of extreme aversion to debt motivates reconsideration of the underleverage problem of SMEs. | en |
| dcterms.creator.author | Briozzo, Anahí | es |
| dcterms.creator.author | Vigier, Hernán Pedro | es |
| dcterms.creator.author | Martinez, Lisana Belén | es |
| dcterms.extent | 25 p. | es |
| dcterms.identifier.url | Recurso Completo | es |
| dcterms.isPartOf.issue | vol. 17, no. 3 | es |
| dcterms.isPartOf.series | Latin American Business Review | es |
| dcterms.issued | 2016-09-26 | |
| dcterms.language | Inglés | es |
| dcterms.license | Attribution-NonCommercial-NoDerivatives 4.0 International (BY-NC-ND 4.0) | es |
| dcterms.subject | Aversion to debt | en |
| dcterms.subject | financing decisions | en |
| dcterms.subject | Pecking order | en |
| dcterms.subject | Small firms | en |
| dcterms.subject | Trade-off | en |
| dcterms.subject.materia | Economía y Negocios | es |
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