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dc.provenanceComisión de Investigaciones Científicas-
dc.contributorBriozzo, Anahí-
dc.contributorVigier, Hernán Pedro-
dc.contributorMartinez, Lisana Belén-
dc.creatorBriozzo, Anahí-
dc.creatorVigier, Hernán Pedro-
dc.creatorMartinez, Lisana Belén-
dc.date2016-09-26-
dc.date.accessioned2019-04-29T16:12:10Z-
dc.date.available2019-04-29T16:12:10Z-
dc.date.issued2016-09-26-
dc.identifierhttp://digital.cic.gba.gob.ar/handle/11746/5098-
dc.identifierRecurso Completo-
dc.identifier.urihttp://rodna.bn.gov.ar:8080/jspui/handle/bnmm/311540-
dc.descriptionThis 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.-
dc.formatapplication/pdf-
dc.format25 p.-
dc.languageeng-
dc.rightsinfo:eu-repo/semantics/openAccess-
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International (BY-NC-ND 4.0)-
dc.sourcereponame:CIC Digital (CICBA)-
dc.sourceinstname:Comisión de Investigaciones Científicas de la Provincia de Buenos Aires-
dc.sourceinstacron:CICBA-
dc.source.urihttp://digital.cic.gba.gob.ar/handle/11746/5098-
dc.source.uriRecurso Completo-
dc.subjectEconomía y Negocios-
dc.titleFirm-level determinants of small and medium enterprises financing decisions. Evidence from Argentina-
dc.typeinfo:eu-repo/semantics/article-
dc.typeinfo:eu-repo/semantics/acceptedVersion-
dc.typeinfo:ar-repo/semantics/articulo-
Aparece en las colecciones: Comisión de Investigaciones Científicas de la Prov. de Buenos Aires

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