文章基本信息

标题：Determinants of Capital Structure and the 2008 Financial Crisis: Evidence from Portuguese SMEs
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作者：Pedro Proença ; Pedro Proença ; Raul M.S. Laureano 等
期刊名称：Procedia - Social and Behavioral Sciences
印刷版ISSN：1877-0428
出版年度：2014
卷号：150
页码：182-191
DOI：10.1016/j.sbspro.2014.09.027
语种：English
出版社：Elsevier
摘要：AbstractThis 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.
关键词：Capital structure;Financial crisis;Portuguese SMEs