Debt policy and performance of SMEs
Abstract
Purpose The purpose of this research is to examine the effect of debt policy (capital structure) on the financial performance of small and medium‐sized enterprises (SMEs) in Ghana and South Africa. Previous studies, especially on large firms, have shown that capital structure affects firm performance. Though the issue has been widely studied, largely missing from this body of literature is the focus on SMEs. Design/methodology/approach Panel...
Paper Details
Title
Debt policy and performance of SMEs
Published Date
Aug 21, 2007
Journal
Volume
8
Issue
4
Pages
364 - 379
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Notes
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