... Financing decisions Firms often face financial deficits or availability of surpluses based on their existing cash flows and future investment requirements. If the investment needs are more than their existing internal funds, firms tend to have funds deficiency. In the opposite situation, when...

... business focus, core business objectives greatly affect SME financing decisions. Further, pecking-order theory not trade-off theory better explains the financial behaviour of SMEs, yielding evidence that SMEs continue to face financial constraints when pursuing growth. Some evidence also of agency cost...

...Tatiana Albanez Purpose – The purpose of this paper is to examine the market timing behavior of listed Brazilian companies to verify the effects of the cost of capital on their financing decisions, and hence on their capital structure. Design/methodology/approach – The relation between...