- 7th International Scientific Conference – ERAZ 2021 – Selected Papers.
Paper not yet in RePEc: Add citation now
Abor, J., Biekpe, N. 2009. How do we explain the capital structure of SMEs in sub-Saharan Africa? Evidence from Ghana. Journal of Economic Studies 36 (1): 83-97.
Adair, P., Adaskou, M. 2018. The capital structure of mature French SMEs and impact of the great recession: A dynamic panel data analysis (2002-2010). Economics, Management and Sustainability 3 (2): 60-75.
Ang, J.S. 1991. Small business uniqueness and the theory of financial management. Journal of Small Business Finance 1 (1): 1-13.
- Ardic, O.P., Mylenko, N., Saltane, V. 2011. Small and medium enterprises: a cross-country analysis with a new data set. World Bank Policy ResearchWorking Paper No. 5538.The World Bank Group, Washington, DC.
Paper not yet in RePEc: Add citation now
Arellano, M., Bond, S. 1991. Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. Review of Economic Studies 58 (2): 277-297.
Arellano, M., Bover, O. 1995. Another look at the instrumental variable estimation of error-components models. Journal of Econometrics 68 (1): 29-51.
- Atiyet Ben Amor. 2012. The Pecking Order Theory and the Static Trade Off Theory: Comparison of the Alternative Explanatory Power in French Firms. Journal of Business Studies 4: 1-14.
Paper not yet in RePEc: Add citation now
Audretsch, D. B., Belitski, M., Caiazza, R., Chowdhury, F., Menter, M. 2023. Entrepreneurial growth, value creation and new technologies. The Journal of Technology Transfer 48 (5): 1535-1551.
- Baltagi, B.H. 2008. Econometric Analysis of Panel Data (4th ed.). Wiley.
Paper not yet in RePEc: Add citation now
Barclay, M.J., Smith, C.W. 1999. The capital structure puzzle: another look at the evidence. Journal of Applied Corporate Finance 12 (Spring (1)): 8-20.
Baxter, N.D. 1967. Leverage, risk of ruin, and the cost of capital. The Journal of Finance 22 (3): 395-404.
Belkhir M., Maghyereh A., and Awartani B. 2016. Institutions and corporate capital structure in the Mena region. Emerging Markets Review 26: 99–129.
Berger, A.N., Udell, G.F. 1998. The economics of small business finance: the roles of private equity and debt markets in the financial growth cycle. Journal of Banking and Finance 22: 613-673.
Bhaird, C.M., Lucey B. 2010. Determinants of capital structure in Irish SMEs. Small Business Economics 35 (3): 357-375.
Bharath, S.T., Pasquariello, P., Wu, G. 2009. Does asymmetric information drive capital structure decisions? Review of Financial Studies 22 (8): 3211-3243.
Blundell, R., Bond, S. 1998. Initial conditions and moment restrictions in dynamic panel data models. Journal of Econometrics 87 (1): 115-143.
- Bonfim, D., Antão, P. 2012. The dynamics of capital structure decisions. Banco De Portugal Working Paper Series No. 6. Economics and Research Department, Banco de Portugal, Portugal.
Paper not yet in RePEc: Add citation now
Carpenter, R.E., Petersen, B.C. 2002. Is the growth of small firms constrained by internal finance? Review of Economics and Statistics 84 (2): 298-309.
Cassar, G., Holmes, S. 2003. Capital structure and financing of SMEs: Australian evidence. Accounting and Finance 43 (2): 123-147.
- Czerwonka, L., Jaworski, J. 2021. Capital structure determinants of small and medium-sized enterprises: evidence from Central and Eastern Europe. Journal of Small Business and Enterprise Development 28 (2): 277-297.
Paper not yet in RePEc: Add citation now
Dammon, R.M., Senbet, L.W. 1988. The Effect of Taxes and Depreciation on Corporate Investment and Financial Leverage. The Journal of Finance 43 (2): 357-373.
- Daskalakis, N., Psillaki, M. 2008. Do country or firm factors explain capital structure? Evidence from SMEs in France and Greece. Applied Financial Economics 18 (2): 87-97.
Paper not yet in RePEc: Add citation now
- Daskalakis, Nikolaos., Thanou, Eleni. 2010. Capital Structure of SMEs: To What Extent Does Size Matter? Available at SSRN: https://ssrn.com/abstract=1683161 or http:// dx.doi.org/10.2139/ssrn.1683161 Delcoure, N. 2007. The determinants of capital structure in transitional economies. International Review of Economics and Finance 16 (3): 400-415.
Paper not yet in RePEc: Add citation now
- Esperança, J., Gama, A.M., Azzim, M. 2003. Corporate debt policy of small firms: an empirical (re)examination. Journal of Small Business and Enterprise Development 10 (1): 62-80.
Paper not yet in RePEc: Add citation now
Fama, E.F., French, K.R. 2002. Testing trade-off and pecking order predictions about dividends and debt. The Review of Financial Studies 15 (1): 1-33.
- Forte, D., Barros, L.A., Nakamura, W.T. 2013. Determinants of the capital structure of small and medium sized Brazilian enterprises. BAR-Brazilian Administration Review 10 (3): 347-369.
Paper not yet in RePEc: Add citation now
Hansen, L. 1982. Large Sample Properties of Generalized Method of Moments Estimators. Econometrica 50: 1029-1054.
- Hashi, I., Krasniqi, B.A. 2011. Entrepreneurship and SME growth: evidence from advanced and laggard transition economies. International Journal of Entrepreneurial Behavior and Research 17 (5): 456-487.
Paper not yet in RePEc: Add citation now
Hausman, J. A. 1978. Specification Tests in Econometrics.
Honore, B. E., Hu, L. 2004. Estimation of cross sectional and panel data censored regression models with endogeneity. Journal of Econometrics 122 (2): 293-316.
- Huang, R., Ritter, J. 2005. Testing the market timing theory of capital structure. Journal of Financial and Quantitative Analysis 1: 221-246.
Paper not yet in RePEc: Add citation now
Jaworski, J., Czerwonka, L. 2023. Which Capital Structure Theory Explains Financial Behaviour of Small and Medium-Sized Enterprises? Evidence from Poland. The Polish Journal of Economics 1: 82-92.
Jindrichovska, I., Ugurlu, E., and Kubickova, D. 2013. Changes in Capital Structure of Czech SMEs: A Dynamic Panel Data Approach. Ekonomics and Management 3: 6-26.
- Kayhan, A., and Titman, S. 2007. Firms’ histories and their capital structures. Journal of Financial Economics 83: 1-32.
Paper not yet in RePEc: Add citation now
- Kenourgios, D., Savvakis, G. A., and Papageorgiou, T. 2019. The capital structure dynamics of European listed SMEs. Journal of Small Business and Entrepreneurship 31 (5): 635-658.
Paper not yet in RePEc: Add citation now
Klein, L.S., O’Brien, T.J., and Peters, S.R. 2002. Debt vs equity and asymmetric information: a review. Financial Review 37: 317-349.
- Krasniqi, B., Williams, N., Hashi, I., Reçica, F., Lubishtani, E., and Kryeziu, L. 2023. The impact of institutional quality on country-level variations in foreign equity shares in transition economies. Review of International Business and Strategy 33: 581-604.
Paper not yet in RePEc: Add citation now
Kraus, A., and Litzenberger, R.H. 1973. A state-preference model of optimal financial leverage. Journal of Finance 28: 911-922.
Kumar, S., Sureka, R., and Colombage, S. 2020. Capital structure of SMEs: a systematic literature review and bibliometric analysis. Management Review Quarterly 70: 535-565.
Lemmon, M.L., Roberts, M.R., and Zender, J.F. 2008. Back to the beginning: persistence and the cross-section of corporate capital structure. Journal of Finance 63: 1575-1608.
- Long Hoang Pham and Milan Hrdý. 2023. Determinants of SMEs capital structure in the Visegrad group. Economic Research-Ekonomska Istraživanja 36: 2166969.
Paper not yet in RePEc: Add citation now
López-Gracia, J., and Sogorb-Mira, F. 2008. Testing tradeoff and pecking order theories financing SMEs. Small Business Economics 31: 117-136.
- Martinez, L. B., Scherger, V., and Guercio, M. B. 2019. SMEs capital structure: Trade-off or pecking order theory: A systematic review. Journal of Small Business and Enterprise Development 26: 105-132.
Paper not yet in RePEc: Add citation now
Mateev, M., Poutziouris, P., and Ivanov, K. 2013. On the determinants of SME capital structure in Central and Eastern Europe: A dynamic panel analysis. Research in International Business and Finance 27: 28-51.
Michaelas, N., Chittenden, F., and Poutziouris, P. 1999. Financial Policy and Capital Structure Choice in U.K. SMEs: Empirical Evidence from Company Panel Data. Small Business Economics 12: 113-130.
- Modigliani, F., and Miller, M.H. 1958. The cost of capital, corporation finance, and the theory of investment. American Economic Review 48: 261-297.
Paper not yet in RePEc: Add citation now
- Modigliani, F., and Miller, M.H. 1963. Corporate income taxes and the cost of capital: A correction. American Economic Review 53: 433-443.
Paper not yet in RePEc: Add citation now
Myers, S.C. 1984. The capital structure puzzle. The Journal of Finance 39: 574–592.
Myers, S.C., and Majluf, N.S. 1984. Corporate financing and investment decisions when firms have information that investors do not have. Journal of Financial Economics 13: 187–221.
- Pettit, R.R., and Singer, R.F. 1985. Small business finance: A research agenda. Financial Management 14: 47-60.
Paper not yet in RePEc: Add citation now
Prenaj, V., Miftari, I., and Kransiqi, B.A. 2023. Determinants of the capital structure of nonlisted companies in Kosovo. Economic Studies Journal (Ikonomicheski Izsledvania) 32: 36-50.
- Qerimi, A., Krasniqi, B.A., Balaj, D., Aliu, M., and Ahmeti, S. 2023. Investment decisions and small and mediumsized enterprise indebtedness: Heckman’s two-stage approach. Studies in Economics and Finance 40 (5).
Paper not yet in RePEc: Add citation now
Rajan, R.G., and Zingales, L. 1995. What do we know about capital structure? Some evidence from international data. Journal of Finance 50: 1421-1460.
Sogorb-Mira, F. 2005. How SME uniqueness affects capital structure: Evidence from a 1994–1998 Spanish data panel. Small Business Economics 25: 447-457.
- South East European Journal of Economics and Business, Volume 19 (2) 2024 THE CAPITAL STRUCTURE DYNAMICS OF SMES IN KOSOVO: EVIDENCE USING PANEL DATA Frank, M.Z., Goyal, V.K. 2009. Capital structure decisions: Which factors are reliably important? Financial Management 38 (1): 1-37.
Paper not yet in RePEc: Add citation now
- Tripathy, N.,Wu, D., and Zheng,Y. 2021. Dividends and financial health: Evidence from US bank holding companies. Journal of Corporate Finance 66: 101808.
Paper not yet in RePEc: Add citation now
Urbano, D., Audretsch, D., Aparicio, S., and Noguera, M. 2020. Does entrepreneurial activity matter for economic growth in developing countries? The role of the institutional environment. International Entrepreneurship and Management Journal 16: 1065-1099.
Van Der Wijst, N., and Thurik, R. 1993. Determinants of small firm debt ratios: An analysis of retail panel data. Small Business Economics 5: 55–65.
Warner, J.B. 1977. Bankruptcy costs: Some evidence. The Journal of Finance 32: 337–34.