La estructura de capital de las pequeñas y medianas empresas argentinas

Anahía Briozzo () and Hernán Vigier ()

Estudios Economicos, 2009, vol. 026 (Nueva Serie), issue 53, 1-55

Abstract: In this research we propose that the financial structure of small and medium enterprises (SME) is influenced by demand side factors, which are based on a fundamental characteristic of these firms: the owner-firm intertwinement. This approach is complementary to the traditional view for small firms that focus on information asymmetries between firms and external fund providers. Studying a group of firms from Bahía Blanca, we find evidence supporting the new approach. We consider these results as a contribution to the understanding and modelling of SME's distinctive characteristics

Keywords: pequeñas empresas; decisiones de financiamiento; estructura de capital; Small firms; financing decisions; capital structure (search for similar items in EconPapers)
JEL-codes: G32 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:uns:esteco:v:26:y:2009:i:53:p:1-55

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