Publication in conference proceedings
Determinants of capital structure and the 2008 financial crisis: evidence from Portuguese SMEs
Pedro Miguel Correia Proença (Proença, Pedro); Raul Laureano (Laureano, Raul M. S.); Luís Laureano (Laureano, L.);
10th International Strategic Management Conference (Procedia - Social and Behavioral Sciences)
Year (definitive publication)
2014
Language
English
Country
Italy
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Abstract
This study aims to investigate the determinants of Portuguese SMEs capital structure and to examine the effects of the 2008 financial crisis on Portuguese SMEs capital structure. The sample used considers the period 2007-2010, resulting in 12,857 Portuguese SMEs. Results suggest that liquidity, asset structure and profitability are the most important determinants explaining the capital structure of Portuguese SMEs. We report a downward tendency on companies’ debt ratios levels during the financial crisis.
Acknowledgements
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Keywords
Capital structure; Financial crisis; Portuguese SMEs
Fields of Science and Technology Classification
  • Psychology - Social Sciences
  • Other Social Sciences - Social Sciences
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Publication Identifiers
ci-pub-18233
WOS:000346089700020
10.1016/j.sbspro.2014.09.027
WOS:000346089700020
Other Publication Details
2014
Elsevier
Web of Science©;
1877-0428 (online)
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150
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181 - 191 10
Yes
Digital
Mehtap Öz?ahin
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ISMMA - International Strategic Management and Managers Associations
Roma (Itália)
Conference
International
2014
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