Les déterminants de la structure du capital et les particularités du financement dans les PME

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ISBN 13 :
Total Pages : 326 pages
Book Rating : 4.:/5 (493 download)

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Book Synopsis Les déterminants de la structure du capital et les particularités du financement dans les PME by : Asma Trabelsi

Download or read book Les déterminants de la structure du capital et les particularités du financement dans les PME written by Asma Trabelsi and published by . This book was released on 2006 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: La littérature financière est au service de la grande entreprise considérée plus performante. Les PME atypiques sont exclues du cadre néo-classique. Or, le poids des PME dans l'économie est un fait incontestable. Un enjeu particulier est associé à leur accès aux capitaux. La relation de financement banque/PME semble problématique compte tenu des asymétries d'information et des conflits d'agence. Toutefois, les organismes bancaires demeurent un pivot central dans le financement des PME. Dans un tel contexte, quels sont les déterminants de la dette bancaire ? Comment améliorer l'accès de la PME aux ressources bancaires stables ? Deux champs théoriques ont été mobilisés : la finance organisationnelle et la finance institutionnelle. Dans un premier temps, nous avons confronté les hypothèses de la théorie financière organisationnelle à la réalité des PME. Dans un deuxième temps, nous avons sollicité une approche différente basée sur le principe des conventions. Cette orientation de recherche établit un lien entre réalité économique et réalité financière. L'objectif est d'identifier un cadre théorique propre aux PME, évincées du système financier. L'étude empirique menée fait appel à l'économétrie des données de panel et à l'analyse de données. Un modèle testé sur un panel de 1898 PME françaises de 1995 à 2002 montre un impact des garanties, des liquidités et de la dette commerciale sur l'endettement bancaire. Une analyse en composantes principales et une classification ascendante hiérarchique révèlent trois régimes ou conventions de financement : Autofinancement, Endettement et Découvert. La segmentation sectorielle ne modifie pas considérablement ces résultats.

Les Déterminants de la Structure Du Capital

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Publisher : Editions Universitaires Europeennes
ISBN 13 : 9786131506543
Total Pages : 332 pages
Book Rating : 4.5/5 (65 download)

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Book Synopsis Les Déterminants de la Structure Du Capital by : Asma Trabelsi

Download or read book Les Déterminants de la Structure Du Capital written by Asma Trabelsi and published by Editions Universitaires Europeennes. This book was released on 2010-09 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: Un interet recent a ete, alors porte aux PME. Malgre une volonte manifeste d'ameliorer les conditions de financement de la PME, il apparait un phenomene d'eviction des marches financiers et particulierement des marches des credits a leur egard. Les organismes bancaires demeurent un pivot central dans le financement des petites et moyennes structures. Dans un tel contexte, quels sont les principaux determinants de la dette bancaire dans les PME ? Deux champs theoriques ont ete mobilises: la finance organisationnelle et la finance institutionnelle. Dans un premier temps, nous avons confronte les hypotheses de la theorie financiere a la realite des PME. Dans un deuxieme temps, nous avons sollicite une approche differente basee sur le principe des conventions. Cette orientation reconnait l'idee de la diversite des entreprises et etablit un lien entre realite economique et financiere. L'etude empirique menee fait appel a l'econometrie des donnees de panel. Un modele teste sur un panel de 1898 PME francaises revele l'impact des garanties, des liquidites et de la dette commerciale sur l'endettement bancaire.

Determinants of Capital Structure

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Publisher : LAP Lambert Academic Publishing
ISBN 13 : 9783847346579
Total Pages : 64 pages
Book Rating : 4.3/5 (465 download)

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Book Synopsis Determinants of Capital Structure by : Samra Kiran

Download or read book Determinants of Capital Structure written by Samra Kiran and published by LAP Lambert Academic Publishing. This book was released on 2012 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Capital Structure refers to the combination of debt and equity utilized in a business. There are different advantages and disadvantages of using both sources of finance, but basically, this combination is determined by different variables most important are size, profitability. Non Debt Tax Shield, tangibility, earning volatility and growth of an organization. This work is based on the data from Karachi Stock Exchange. Tangibility variable was found to be highly significant, which favors the Trade off theory. Size variable does not favor the Trade Off Theory. Profitability fails to confirm Pecking order Theory and Trade Off Theory. Growth variable does not confirm to the Agency Cost Theory and Earning volatility does not support Bankruptcy Cost Theory and Agency Cost Theory.

Les déterminants de la structure du capital des BRICS

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Publisher :
ISBN 13 :
Total Pages : 204 pages
Book Rating : 4.:/5 (84 download)

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Book Synopsis Les déterminants de la structure du capital des BRICS by : Géraldine Miniaou

Download or read book Les déterminants de la structure du capital des BRICS written by Géraldine Miniaou and published by . This book was released on 2012 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Determinants of Capital Structure

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Publisher :
ISBN 13 :
Total Pages : 200 pages
Book Rating : 4.:/5 (475 download)

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Book Synopsis The Determinants of Capital Structure by : James Roger Lyons

Download or read book The Determinants of Capital Structure written by James Roger Lyons and published by . This book was released on 1970 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Determinants of Capital Structure Choice

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Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (753 download)

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Book Synopsis The Determinants of Capital Structure Choice by : Sheridan Titman

Download or read book The Determinants of Capital Structure Choice written by Sheridan Titman and published by . This book was released on 1985 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Determinants of Capital Structure

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Publisher :
ISBN 13 :
Total Pages : 25 pages
Book Rating : 4.:/5 (347 download)

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Book Synopsis Determinants of Capital Structure by : Irwin Friend

Download or read book Determinants of Capital Structure written by Irwin Friend and published by . This book was released on 1986 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Influence of Specified Determinants of Corporate Capital Structure

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Publisher :
ISBN 13 :
Total Pages : 328 pages
Book Rating : 4.:/5 (259 download)

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Book Synopsis The Influence of Specified Determinants of Corporate Capital Structure by : Francis Edward Canda

Download or read book The Influence of Specified Determinants of Corporate Capital Structure written by Francis Edward Canda and published by . This book was released on 1991 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:

An Empirical Study on Determinants of Capital Structure

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Publisher :
ISBN 13 :
Total Pages : 98 pages
Book Rating : 4.:/5 (231 download)

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Book Synopsis An Empirical Study on Determinants of Capital Structure by : Mukesh K. Chaudhry

Download or read book An Empirical Study on Determinants of Capital Structure written by Mukesh K. Chaudhry and published by . This book was released on 1990 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Empirical Analysis of the Capital Structure Determinants

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Publisher : LAP Lambert Academic Publishing
ISBN 13 : 9783838309866
Total Pages : 64 pages
Book Rating : 4.3/5 (98 download)

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Book Synopsis Empirical Analysis of the Capital Structure Determinants by : Abubakr Saeed

Download or read book Empirical Analysis of the Capital Structure Determinants written by Abubakr Saeed and published by LAP Lambert Academic Publishing. This book was released on 2009-08 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Capital structure theory is one of the most bewildering issues in the corporate finance literature. Capital structure theories suggest various factors that affect firm to maintain a target capital structure in order to maximize firm value, by minimizing the costs of prevailing market imperfections. Subsequent to the departures from Modigliani and Miller (1958) s irrelevance proposition, there is a long tradition in corporate finance to investigate the capital structure determinants of firms. Most capital structure studies based on these theories to date uses data from economies that have developed financial markets or approaching higher stages of transition, i.e. China and India. Less developed market and particular specific industry is rare in literacy sphere. This book analyzes the explanatory power of some predominant theories that have been proposed in the literature to explain determinants of capital structures across firms. In particular, this study investigates the capital structure determinants of Pakistani firms based on a panel data set from 2001 to 2005.

A Study on the Determinants of Corporate Capital Structure

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Publisher :
ISBN 13 :
Total Pages : 304 pages
Book Rating : 4.:/5 (221 download)

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Book Synopsis A Study on the Determinants of Corporate Capital Structure by : Ishappa S. Hullur

Download or read book A Study on the Determinants of Corporate Capital Structure written by Ishappa S. Hullur and published by . This book was released on 1989 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Determinants of Capital Structure: an Empirical Study on Swedish Data

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ISBN 13 :
Total Pages : 35 pages
Book Rating : 4.:/5 (923 download)

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Book Synopsis The Determinants of Capital Structure: an Empirical Study on Swedish Data by : Peter Clason

Download or read book The Determinants of Capital Structure: an Empirical Study on Swedish Data written by Peter Clason and published by . This book was released on 1988 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Différences internationales dans les déterminants de la structure de capital corporative [microforme] : cas de cinq pays industrialisés

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Publisher : Montréal : Service des archives, Université de Montréal, Section Microfilm
ISBN 13 :
Total Pages : 446 pages
Book Rating : 4.:/5 (53 download)

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Book Synopsis Différences internationales dans les déterminants de la structure de capital corporative [microforme] : cas de cinq pays industrialisés by : Cecchini, Valérie

Download or read book Différences internationales dans les déterminants de la structure de capital corporative [microforme] : cas de cinq pays industrialisés written by Cecchini, Valérie and published by Montréal : Service des archives, Université de Montréal, Section Microfilm. This book was released on 1993 with total page 446 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Determinants of Capital Structure in Small Privately Held Firms

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Publisher :
ISBN 13 : 9781900862059
Total Pages : 72 pages
Book Rating : 4.8/5 (62 download)

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Book Synopsis Determinants of Capital Structure in Small Privately Held Firms by : Nicos Michaelas

Download or read book Determinants of Capital Structure in Small Privately Held Firms written by Nicos Michaelas and published by . This book was released on 1996 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Empirical Capital Structure

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Publisher : Now Publishers Inc
ISBN 13 : 160198202X
Total Pages : 107 pages
Book Rating : 4.6/5 (19 download)

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Book Synopsis Empirical Capital Structure by : Christopher Parsons

Download or read book Empirical Capital Structure written by Christopher Parsons and published by Now Publishers Inc. This book was released on 2009 with total page 107 pages. Available in PDF, EPUB and Kindle. Book excerpt: Empirical Capital Structure reviews the empirical capital structure literature from both the cross-sectional determinants of capital structure as well as time-series changes.

Capital Structure Determinants in the Financial Services Industry

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Publisher :
ISBN 13 :
Total Pages : 37 pages
Book Rating : 4.:/5 (979 download)

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Book Synopsis Capital Structure Determinants in the Financial Services Industry by : Charles Michael Fedora

Download or read book Capital Structure Determinants in the Financial Services Industry written by Charles Michael Fedora and published by . This book was released on 1987 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Determinants of Corporate Capital Structure

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Publisher :
ISBN 13 :
Total Pages : 112 pages
Book Rating : 4.:/5 (767 download)

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Book Synopsis Determinants of Corporate Capital Structure by : Blerina Çeliku

Download or read book Determinants of Corporate Capital Structure written by Blerina Çeliku and published by . This book was released on 2011 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: