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Keywords: Trade-off
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Journal Articles
Journal:
Managerial Finance
Managerial Finance (2015) 41 (3): 286–300.
Published: 09 March 2015
... – The study produced several important findings. Most of the surveyed firms do not follow a target debt ratio. Hence, the trade-off theory is not supported. Partners rather than professional managers are more likely to make financing choices in SMEs. The study has provided evidence regarding...
