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Keywords: External finance
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Journal Articles
The leverage puzzle: financial constraints or financial conservatism? Evidence from small firms in Mauritius
Available to Purchase
Journal:
Managerial Finance
Managerial Finance (2025) 51 (12): 1865–1882.
Published: 23 April 2025
... and more importantly, access to finance is essential for the set-up, survival and growth of firms. Theories of capital structure have mainly been based around explaining the use of external finance by firms (Myers, 1984). The majority of studies have been based on large firms. For instance, Rajan...
