Financial Structure in Small Business: Theory, Tests and Applications

摘要: I: Introduction.- 1 Aim and outline of the study.- 1.1 Purpose motivation.- 1.2 Scope methodology.- 1.3 Organization 2 Small businesses characteristics.- 2.1 2.2 Some definitions.- 2.3 Importance.- 2.4 Financial 2.4.1 2.4.2 empirical studies.- 2.4.3 The small firm effect 19.- 2.4.4 firm's capital markets 20.- 2.4.5 Conclusions.- II: Inventory Of Structure Determinants.- 3 Determinants from theory finance.- 3.1 Introduction overview 29.- 3.2 3.2.1 Taxes bankruptcy costs.- 3.2.2 Agency costs signalling effects.- 3.3 Empirical implications.- 3.3.1 Implications pertaining to assets.- 3.3.2 earnings.- 3.3.3 ownership structure.- 4 Models structure choice.- 4.1 4.2 Assumptions 4.3 Single period models.- 4.3.1 Introduction: MM-position.- 4.3.2 risk default limited liability.- 4.3.3 4.3.4 agency 4.3.5 informational differences.- 4.4 Multi-period 4.4.1 additional assumptions redefinitions.- 4.4.2 4.4.3 liability default.- 4.4.4 70.- 4.4.5 Scott model.- 4.4.6 extensions 4.5 Appendix chapter 4.- 5 practice business 5.1 83.- 5.2 related internal 5.3 external relationships.- 6 A comparison evaluation both sources.- 6.1 Comparison evaluation.- 6.2 Summary III: Analyses In Business.- 7 samples individual firms.- 7.1 7.2 Data.- 7.3 Hypotheses variables.- 7.4 Specification estimation results.- 8 industry averages in retailing.- 8.1 8.2 8.3 Analysis financial 8.3.1 8.3.2 8.4 changes 8.4.1 8.4.2 IV: Applications And 9 Applications.- 9.1 9.2 Modelling interfirm comparisons.- 9.- 10 conclusions.- - References.- Author index.- Subject index.