... Corporate finance Financing decisions Initially, we calculate deficit and surplus values using conceptual framework described below. A conceptual framework is proposed to calculate the values of deficit and surplus: (Equation 1) where SUR_t is the positive...

... 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...