... Firm value Multiples Liquidity Stock valuation MSMEs G32 M4 In recent decades, stock liquidity – defined as the ability to trade stocks quickly, at low costs, and in large quantities without significantly affecting the market price (Liu, 2006) – has claimed rising attention in both...

... structure theories Small and medium-sized enterprises Central and Eastern Europe G20 G32 M20 The most numerous as well as the most significant group of economic entities in the European Union (EU) is the small and medium-sized enterprise (SME) sector. In 2015, it comprised 99.8% of all...

... Limited 2018 Emerald Publishing Limited Licensed re-use rights only Capital structure SMEs Systematic literature review Financing Pecking order theory Trade-off theory G32 G40 D21 Several reasons highlight the interest in encouraging the development of small and medium...